The Greedy Trader Weekly Analysis
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Best Buy Co., Inc.
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Summary:
Weekly :Broken trend resistance lineTrend support at 72.70
Daily :Broken trend support lineWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal line
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It was the negative week for the Best Buy Co., Inc. (BBY). During the week, the BBY gave back -0.10 points, or -0.14%, and closed at 72.45 on Friday, October 12, 2018. Weekly volume was 6% above average.

Long-term trend: [See BBY long-term trend chart]
A long-term uptrend had started on December 27, 2012 at 11.20 and reached 84.37 on August 22, 2018. BBY gained -73.17 points, or -653.30%, in 294 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend resistance line (38.40) 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 January 15, 2016 at 25.31 and reached 84.37 on August 22, 2018. BBY gained -59.06 points, or -233.35%, in 135 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (72.70) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line 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 September 7, 2018. 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 August 22, 2018 at 84.37 and reached 70.17 on October 8, 2018. BBY lost 14.20 points, or 16.83%, in 47 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (79.15) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a short-term trend.

Daily Technical Indicators: [See BBY daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since October 1, 2018. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.37
Williams' Percentage Range (W%R) 84.50
Oversold
Lane's Stochastic (%D-Slow) 12.26
Oversold
Greed/Fear Indicator (GFI) 18.71
Oversold
Moving Average Converg./Diverg. (MACD) -1.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.43
Williams' Percentage Range (W%R) 73.80
Lane's Stochastic (%D-Slow) 31.74
Greed/Fear Indicator (GFI) 34.38
Moving Average Converg./Diverg. (MACD) 2.22
Trading Signals
Description Value Chart
Upper Bollinger Band 81.73
Quarterly Trendline Resistance 81.06
Weekly Trendline Support 79.15
Weekly Trendline Resistance 78.74
50 Day Moving Average 77.58
20 Day Moving Average 75.94
Weekly Stochastic Crossing 74.30
Parabolic System 73.52
Quarterly Trendline Support 72.70
Price 72.45
Daily Stochastic Crossing 70.86
Lower Bollinger Band 68.25
Sector and Industry
Description Name Rank
Sector Services 7
Industry Electronics Stores 46
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 81.66
High Date 09/24/2018
Low 70.17
Low Date 10/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 78.74
Support 79.15
High 84.37
High Date 08/22/2018
Low 70.17
Low Date 10/08/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 51.61
Low Date 09/19/2017
High 84.37
High Date 08/22/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 81.06
Support 72.70
Low 25.31
Low Date 01/15/2016
High 84.37
High Date 08/22/2018
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Resistance
Resistance 34.84
Support 38.40
Low 11.20
Low Date 12/27/2012
High 84.37
High Date 08/22/2018
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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