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Downtrend Broken Resist.Archive
- 5/29/2026 -
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Best Buy Co., Inc. (BBY) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a second positive week after 4 consecutive negative weeks for the Best Buy Co., Inc. (BBY). During the week, the BBY gained 16.32 points, or 26.48%, and closed at 77.95 on Friday, May 29, 2026. Weekly volume was 128% above average.
 Long-term trend: [See BBY long-term trend chart]
A long-term downtrend had started on August 29, 2024 at 103.71 and reached 54.99 on April 9, 2025. BBY lost 48.72 points, or 46.98%, in 31 weeks. The price is now at the 47.13% retracement level.
 Medium-term trend: [See BBY medium-term trend chart]
A medium-term downtrend had started on October 27, 2025 at 84.99 and reached 55.10 on May 13, 2026. BBY lost 29.89 points, or 35.17%, in 28 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (53.87) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. BBY may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See BBY weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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.
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 BBY short-term trend chart]
A short-term uptrend had started on May 13, 2026 at 55.10 and reached 78.20 on May 29, 2026. BBY gained -23.10 points, or -41.92%, in 16 days. Price is near the trend high.
 Daily Technical Indicators: [See BBY daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since May 18, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands (29.1%) is close to one year high (21.39%). It is 135.75% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.
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