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Best Buy Co., Inc. (BBY) |
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Best Buy Co., Inc. (BBY). During the week, the BBY gave back -0.25 points, or -0.22%, and closed at 115.99 on Friday, June 4, 2021. BBY was trading at average weekly trading volume.
 Long-term trend: [See BBY long-term trend chart]
A long-term uptrend had started on December 27, 2012 at 11.20 and reached 128.57 on May 10, 2021. BBY gained -117.37 points, or -1047.95%, in 436 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (62.42) 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 long-term trend.
 Medium-term trend: [See BBY medium-term trend chart]
A medium-term uptrend had started on March 4, 2021 at 95.93 and reached 128.57 on May 10, 2021. BBY gained -32.64 points, or -34.02%, in 9 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (128.73) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. BBY may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See BBY weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since May 14, 2021. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See BBY short-term trend chart]
A short-term downtrend had started on May 10, 2021 at 128.57 and reached 112.55 on May 20, 2021. BBY lost 16.02 points, or 12.46%, in 10 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See BBY daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. 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 Williams' Percentage Range help.
The daily MACD line is below its signal line since May 12, 2021. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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