The Greedy Trader Weekly Analysis
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Bed Bath & Beyond
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Summary:
Weekly :Oversold industryBroken trend resistance lineStochastic signal line moved above oversold areaWeekly  MACD line has moved above its signal line
Daily :Lane's Stochastic bearish divergenceA Parabolic SAR indicator is above and near the priceBroken trend resistance linePrice has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was a first positive week for the Bed Bath & Beyond (BBBY). During the week, the BBBY gained 1.76 points, or 8.52%, and closed at 22.42 on Friday, December 01, 2017. Weekly volume was 158% above average.

BBBY is a member of Home Furnishing Stores Industry. Home Furnishing Stores is the eighth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 35.31 and resistance is at 17.90. 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 downtrend had started on December 12, 2016 at 48.83 and reached 19.07 on November 7, 2017. BBBY lost 29.76 points, or 60.95%, in 47 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (19.87) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See BBBY weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See BBBY short-term trend chart]
A short-term uptrend had started on November 7, 2017 at 19.07 and reached 23.85 on November 29, 2017. BBBY gained -4.78 points, or -25.07%, in 22 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (21.01) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See BBBY daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since October 18, 2017. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (22.28) comes close to the price (22.42). It indicates that the trend is getting weaker. 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.71
Williams' Percentage Range (W%R) 29.50
Lane's Stochastic (%D-Slow) 73.83
Bearish
Greed/Fear Indicator (GFI) 70.35
Moving Average Converg./Diverg. (MACD) -0.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.77
Williams' Percentage Range (W%R) 72.10
Lane's Stochastic (%D-Slow) 22.02
Greed/Fear Indicator (GFI) 30.17
Moving Average Converg./Diverg. (MACD) -3.81
Trading Signals
Description Value Chart
Upper Bollinger Band 23.26
Daily Stochastic Crossing 22.93
Price 22.42
Parabolic System 22.28
Weekly Trendline Resistance 21.96
50 Day Moving Average 21.36
Monthly Trendline Resistance 21.23
Weekly Trendline Support 21.01
20 Day Moving Average 20.67
Weekly Stochastic Crossing 20.35
Monthly Trendline Support 19.87
Lower Bollinger Band 19.13
Sector and Industry
Description Name Rank
Sector Services 4
Industry Home Furnishing Stores 8
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 20.49
Low Date 11/27/2017
High 23.85
High Date 11/29/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 21.96
Support 21.01
Low 19.07
Low Date 11/07/2017
High 23.85
High Date 11/29/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 21.23
Support 19.87
High 48.83
High Date 12/12/2016
Low 19.07
Low Date 11/07/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 17.90
Support 35.31
High 79.64
High Date 01/08/2015
Low 19.07
Low Date 11/07/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 80.82
High Date 01/03/2014
Low 19.07
Low Date 11/07/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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