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(BBY) Best Buy complete technical analysis [charts+indicators] | Buy/Sell Best Buy | (BBY) share price targets

Complete technical analysis of Best Buy (BBY) by charts plus indicators, forecast predictions and share price targets for Best Buy (BBY)

Best Buy trades in USA in Consumer Services sector.

10 day averaged volume of Best Buy is 4897254

Date Daily Closing Price Open High Low Volume
31 Fri May 2024 84.82 81.20 84.83 79.00 2.004 times
30 Thu May 2024 81.55 77.95 81.83 77.40 2.846 times
29 Wed May 2024 71.90 72.00 72.52 70.87 1.177 times
28 Tue May 2024 72.55 71.87 73.42 71.70 0.688 times
24 Fri May 2024 71.50 70.02 71.55 70.02 0.609 times

Stock of Best Buy (BBY) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 81.5, for a target of 77.4 or 74.1

Share price targets for Best Buy (BBY)

Target Type Value
Downside Target 69.29
Downside Target 75.43
Downside Target 75.81
Downside Target 76.49
Downside Target 79.54
Downside Target 83.32
Downside Target 83.36
Upside Target 84.83
Upside Target 86.11

Intraday share price targets for Best Buy (BBY)

Target Type Value
Downside Intraday Target 75.52
Downside Intraday Target 66.21
Upside Intraday Target 89.48
Upside Intraday Target 94.13
Downside Intraday Target 80.17

Weekly technical analysis of Best Buy (BBY)

Date Weekly Closing Price Open High Low Volume
31 Fri May 2024 84.82 71.87 84.83 70.87 2.271 times
24 Fri May 2024 71.50 73.41 74.34 69.29 1.347 times
17 Fri May 2024 73.35 74.68 76.49 72.54 1.184 times
10 Fri May 2024 74.17 74.83 75.43 71.81 0.775 times
03 Fri May 2024 74.47 75.32 75.81 71.67 0.945 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Best Buy (BBY)

Date Monthly Closing Price Open High Low Volume
31 Fri May 2024 84.82 73.59 84.83 69.29 1.329 times
30 Tue Apr 2024 73.64 82.10 83.32 73.08 0.725 times
28 Thu Mar 2024 82.03 81.31 83.36 74.92 1.417 times
29 Thu Feb 2024 80.88 72.85 86.11 72.40 0.89 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Best Buy (BBY)

Indicator Name Indicator Value Indicator Signal
ADX 52, 16, 54 Buy
MACD 1, -1Buy
Stochastics 80Buy
CCI 195Buy
RSI 67Buy
OBV 19150469Sell
VWAP 77Buy
ADL 0Sell
ROC 15Buy
Force Index 0Sell

Price action analysis of Best Buy ( (BBY) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Best Buy ( (BBY) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Best Buy ( (BBY) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Best Buy ( (BBY) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Best Buy stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Best Buy in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Best Buy Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Best Buy in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Best Buy is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 77.21 and Best Buy (BBY) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Best Buy (BBY) stock. Volume based technical analysis of Best Buy (BBY) stock is negative.

Best Buy Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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