BEST BUY CO. INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	BBY
ISIN:

BEST BUY CO. INC. - Daily - Technical analysis published on 07/09/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

50%

28%

22%

My opinion

Bullish above 81.83 USD

My targets

92.69 USD (+7.29%)

95.22 USD (+10.22%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BEST BUY CO. INC. as long as the price remains well above 81.83 USD. The buyers' bullish objective is set at 92.69 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 95.22 USD. If there is any crossing, the next objective would be the resistance located at 100.60 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

6.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by robby1966. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BEST BUY CO. INC. rating 86.39 USD. The price has increased by +1.03% since the last closing and was between 85.47 USD and 86.58 USD. This implies that the price is at +1.08% from its lowest and at -0.22% from its highest.

85.47

86.58

86.39

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

A technical analysis in Daily of this BEST BUY CO. INC. chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	69.09	76.45	81.83	86.39	87.36	92.69	95.22
Change (%)	-20.03%	-11.51%	-5.28%	-	+1.12%	+7.29%	+10.22%
Change	-17.30	-9.94	-4.56	-	+0.97	+6.30	+8.83
Level	Major	Intermediate	Major	-	Major	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	80.13	81.58	83.54	84.99	86.95	88.40	90.36
Camarilla	84.57	84.89	85.20	85.51	85.82	86.14	86.45
Woodie	80.40	81.71	83.81	85.12	87.22	88.53	90.63
Fibonacci	81.58	82.88	83.68	84.99	86.29	87.09	88.40

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	76.32	78.42	80.44	82.54	84.56	86.66	88.68
Camarilla	81.32	81.70	82.07	82.45	82.83	83.21	83.58
Woodie	76.27	78.40	80.39	82.52	84.51	86.64	88.63
Fibonacci	78.42	80.00	80.97	82.54	84.12	85.09	86.66

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	71.19	77.20	80.75	86.76	90.31	96.32	99.87
Camarilla	81.66	82.54	83.41	84.29	85.17	86.04	86.92
Woodie	69.95	76.59	79.51	86.15	89.07	95.71	98.63
Fibonacci	77.20	80.86	83.11	86.76	90.42	92.67	96.32

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	57.62
MACD (12,26,9):	0.8100
Directional Movement:	8.16
AROON (14):	-64.29
DEMA (21):	86.18
Parabolic SAR (0,02-0,02-0,2):	87.08
Elder Ray (13):	1.15
Super Trend (3,10):	87.98
Zig ZAG (10):	86.35
VORTEX (21):	0.9300
Stochastique (14,3,5):	34.38
TEMA (21):	85.00
Williams %R (14):	-53.14
Chande Momentum Oscillator (20):	-6.12
Repulse (5,40,3):	2.3100
ROCnROLL:	1
TRIX (15,9):	0.3000
Courbe Coppock:	9.78

MA7:	83.62
MA20:	86.34
MA50:	79.88
MA100:	78.26
MAexp7:	84.61
MAexp20:	84.61
MAexp50:	81.84
MAexp100:	79.11
Price / MA7:	+3.31%
Price / MA20:	+0.06%
Price / MA50:	+8.15%
Price / MA100:	+10.39%
Price / MAexp7:	+2.10%
Price / MAexp20:	+2.10%
Price / MAexp50:	+5.56%
Price / MAexp100:	+9.20%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on BEST BUY CO. INC.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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