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S&P 500 Overbought StocksArchive
- 7/2/2026 -
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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 consecutive positive week for the Best Buy Co., Inc. (BBY). During the week, the BBY climbed 0.28 points, or 0.36%, and closed at 77.99 on Thursday, July 2, 2026. Weekly volume was -7% below 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 chart has formed a Descending Triangle chart pattern. The downtrend resistance line (55.11) 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 long-term trend.
 Medium-term trend: [See BBY medium-term trend chart]
A medium-term uptrend had started on May 13, 2026 at 55.10 and reached 79.51 on June 15, 2026. BBY gained -24.41 points, or -44.30%, in 4 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 75.37 and resistance is at 79.21. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a medium-term trend.
 Weekly Technical Indicators: [See BBY weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 22, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 June 18, 2026 at 72.51 and reached 78.63 on June 25, 2026. BBY gained -6.12 points, or -8.44%, in 7 days. The price is now at the 10.46% retracement level.
 Daily Technical Indicators: [See BBY daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
The daily MACD line is below its signal line since June 17, 2026. The distance between MACD and the signal line is low, but getting bigger.
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