The Greedy Trader Weekly Analysis
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- 7/3/2025 -
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Best Buy Co., Inc. (BBY) Technical Analysis

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Summary:
Weekly :
Daily :Broken trend resistance lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the Best Buy Co., Inc. (BBY). During the week, the BBY gained 3.88 points, or 5.69%, and closed at 72.10 on Thursday, July 3, 2025. Weekly volume was 12% above average.

Long-term trend: [See BBY long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 60.79 and reached 103.71 on August 29, 2024. BBY gained -42.92 points, or -70.60%, in 98 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 64.58 and resistance is at 109.23. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See BBY medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 54.99 and reached 76.40 on May 12, 2025. BBY gained -21.41 points, or -38.93%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 70.88 and resistance is at 74.67. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See BBY weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since May 30, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 June 10, 2025 at 75.44 and reached 64.65 on June 23, 2025. BBY lost 10.79 points, or 14.30%, in 13 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (68.03) 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 short-term trend.

Daily Technical Indicators: [See BBY daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

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) 48.87
Williams' Percentage Range (W%R) 30.00
Lane's Stochastic (%D-Slow) 71.49
Greed/Fear Indicator (GFI) 63.45
Moving Average Converg./Diverg. (MACD) -0.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.65
Williams' Percentage Range (W%R) 53.10
Lane's Stochastic (%D-Slow) 60.42
Greed/Fear Indicator (GFI) 54.52
Moving Average Converg./Diverg. (MACD) -4.44
Trading Signals
Description Value Chart
Monthly Trendline Resistance 74.67
Upper Bollinger Band 74.37
Price 72.10
Weekly Stochastic Crossing 71.59
Daily Stochastic Crossing 71.38
Monthly Trendline Support 70.88
20 Day Moving Average 70.16
50 Day Moving Average 69.64
Weekly Trendline Support 68.03
Weekly Trendline Resistance 67.52
Lower Bollinger Band 65.12
Parabolic System 65.06
Yearly Trendline Support 64.58
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Computer & Electronics Retail 30
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 64.65
Low Date 06/23/2025
High 72.84
High Date 07/03/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 67.52
Support 68.03
High 75.44
High Date 06/10/2025
Low 64.65
Low Date 06/23/2025
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 74.67
Support 70.88
Low 54.99
Low Date 04/09/2025
High 76.40
High Date 05/12/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 103.71
High Date 08/29/2024
Low 54.99
Low Date 04/09/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 109.23
Support 64.58
Low 60.79
Low Date 10/13/2022
High 103.71
High Date 08/29/2024
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.