BBY NEWS why is Best Buy Co., Inc. price falling or rising

BBY NEWS reasons for why stock price of Best Buy Co., Inc. is falling or rising

BBY Best Buy is falling or rising technical reasons

Technical analysis forecast for Best Buy Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Best Buy BBY at this time. Stock is falling and might fall more.

It appears as if Best Buy BBY gave a large move recently.

Stock of Best Buy (BBY) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Best Buy is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Best Buy stays below 90.2, but if it comes above 90.2, then a intra day buy could be more profitable.
If you take a sell trade below 90.2, then use 90.2 as stoploss and 88.3 as target. However if you take a buy trade in Best Buy, then use 90.2 as stoploss and 91.75 as target.

BBY Best Buy is falling or rising NEWS fundamental reasons

More announcements and NEWS

BBY Best Buy Co., Inc. current price & indicator signals

Moving Averages for Best Buy Co., Inc.

  • 5Day Average: 90.83
  • 12Day Average: 90.73
  • 20Day Average: 91.25
  • 50Day Average: 95.52
  • 100Day Average: 91.75
  • 150Day Average: 87.86
  • 200Day Average: 85.41

BBY Indicators & signals

Indicator MACD (12,26,9)

90.94, 92.28, -1.51
Indicator MACD is in negative zone

Indicator ADX (14)

24.8, 19.83, 32.91
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 38
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of BBY Best Buy Co., Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
18 Mon Nov 2024 89.00 88.90 to 92.93 -3.95% 1.2 times
15 Fri Nov 2024 92.66 91.74 to 92.97 1.18% 1.29 times
14 Thu Nov 2024 91.58 90.50 to 92.70 0.97% 0.92 times
13 Wed Nov 2024 90.70 90.20 to 91.71 0.55% 0.84 times
12 Tue Nov 2024 90.20 89.09 to 91.24 1.02% 0.95 times
11 Mon Nov 2024 89.29 88.19 to 90.06 0.1% 0.9 times
08 Fri Nov 2024 89.20 88.33 to 90.85 -1.01% 0.9 times
07 Thu Nov 2024 90.11 89.74 to 91.54 0.79% 0.84 times
06 Wed Nov 2024 89.40 85.81 to 90.00 -3.71% 1.7 times
05 Tue Nov 2024 92.84 91.08 to 92.84 0.02% 0.78 times
04 Mon Nov 2024 92.82 91.23 to 94.18 2.11% 0.89 times
01 Fri Nov 2024 90.90 90.22 to 91.56 0.52% 0.68 times

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BBY NEWS why is Best Buy Co., Inc. price falling or rising

 

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