US stock / ETF

Best Buy Company, Inc.

BBY · NYSE · USD

1 dayBullish79%
Daily Upside probability 79%Bullish

BBY 1D chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Daily: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $72.51 and reclaim $91.27.

Invalidation Trigger

Lose $72.51 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Daily
Momentum StateRange
Momentum mixed

RSI 58.5, MACD -0.455

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $2.44 (2.84%)

Daily

EMA Structure

Bullish
EMA 8$86.5Bearish
EMA 21$84.48Bullish
EMA 50$79.12Bullish

Signals

CategoryReadStrength
Momentum
RSI 58.5 · MACD -0.455

Momentum is strong

Strength
Range
Volatility
ATR $2.44 · BB 12.68%

Medium volatility

Strength
Range
Volume
MFI 46.0 · OBV 276.41%

Relative to 20-period average volume

Strength
Range
Price Levels
$72.51 - $91.27

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+8.83% · 3.1 ATR above latest close

$93.71
Nearest resistance

+5.99% · 2.1 ATR above · 34-bar high

$91.27
Current price

Price shown is delayed

$86.11
Nearest support

-15.79% · 5.6 ATR below · 34-bar low

$72.51
Deeper support zone

-18.63% · 6.6 ATR below latest close

$70.07
ATR zone

Latest close ± ATR14

$83.66 - $88.55

Indicators

Trend

Dow Theory Structure

Confirmation $91.27, invalidation $83.08

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

25.3 / 22.5 / 29.7Bearish
Supertrend (10,3)

Price is above Supertrend

$78.09Bullish
Ichimoku Cloud

Cloud Span A / Span B

$85.04 / $74.14Bullish
Donchian Channel (20)

20-period breakout channel position

65%Bullish

Volatility

ATR (14)

Medium volatility

$2.44 (2.84%)Range
Bollinger Bands (20,2)

Width 12.68%

59%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$89.9 / $79.45Range
ATR channel lower / upper

Current Volatility Envelope

$83.66 / $88.55Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$91.27Range
Support

Nearest Downside Decision Level

$72.51Range

Momentum

RSI (14)

Momentum is strong

58.5Bullish
MACD (12,26,9)

Histogram is negative

-0.455Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

38.5 / 40.5Bearish
Williams %R (14)

Neutral zone

-61.5Range
CCI (20)

Balanced zone

31.2Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

46.0Range
OBV slope

20-period OBV slope

276.41%Bullish
Volume ratio

Relative to 20-period average volume

0.06xBearish

Trend

Dow Theory Structure

Confirmation $91.27, invalidation $83.08

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

25.3 / 22.5 / 29.7Bearish
Supertrend (10,3)

Price is above Supertrend

$78.09Bullish
Ichimoku Cloud

Cloud Span A / Span B

$85.04 / $74.14Bullish
Donchian Channel (20)

20-period breakout channel position

65%Bullish

Momentum

RSI (14)

Momentum is strong

58.5Bullish
MACD (12,26,9)

Histogram is negative

-0.455Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

38.5 / 40.5Bearish
Williams %R (14)

Neutral zone

-61.5Range
CCI (20)

Balanced zone

31.2Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

Medium volatility

$2.44 (2.84%)Range
Bollinger Bands (20,2)

Width 12.68%

59%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$89.9 / $79.45Range
ATR channel lower / upper

Current Volatility Envelope

$83.66 / $88.55Range

Volume / Money Flow

MFI (14)

Money flow is neutral

46.0Range
OBV slope

20-period OBV slope

276.41%Bullish
Volume ratio

Relative to 20-period average volume

0.06xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$91.27Range
Support

Nearest Downside Decision Level

$72.51Range

Related Forecasts