Bed Bath & Beyond
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|It was the negative week for the Bed Bath & Beyond (BBBY). During the week, the BBBY gave back -0.21 points, or -0.93%, and closed at 22.25 on Friday, March 16, 2018. Weekly volume was -34% below average. |
Long-term trend: [See BBBY long-term trend chart]
A long-term downtrend had started on January 8, 2015 at 79.64 and reached 19.07 on November 7, 2017. BBBY lost 60.57 points, or 76.05%, in 147 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 34.33 and resistance is at 11.96. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.
Medium-term trend: [See BBBY medium-term trend chart]
A medium-term uptrend had started on November 7, 2017 at 19.07 and reached 24.74 on December 20, 2017. BBBY gained -5.67 points, or -29.73%, in 6 weeks. The price is now at the 43.92% retracement level.
Weekly Technical Indicators: [See BBBY weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 24, 2017. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See BBBY short-term trend chart]
A short-term downtrend had started on December 20, 2017 at 24.74 and reached 19.84 on February 6, 2018. BBBY lost 4.90 points, or 19.81%, in 48 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 18.15 and resistance is at 23.00. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
Daily Technical Indicators: [See BBBY daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since March 5, 2018. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.