US stock / ETF

Best Buy Company, Inc.

BBY · NYSE · USD

1 weekBullish92%
Weekly Upside probability 92%Bullish

BBY 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $55.1 and reclaim $106.1.

Invalidation Trigger

Lose $55.1 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Weekly
Momentum StateBullish
Momentum improving

RSI 68.3, MACD 0.959

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $7.63 (7.38%)

Weekly

EMA Structure

Bullish
EMA 8$96.04Bullish
EMA 21$88.83Bullish
EMA 50$81.36Bullish

Signals

CategoryReadStrength
Momentum
RSI 68.3 · MACD 0.959

Momentum is strong

Strength
Bullish
Volatility
ATR $7.63 · BB 28.75%

High volatility

Strength
Bearish
Volume
MFI 61.0 · OBV 21.77%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$55.1 - $106.1

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+9.98% · 1.4 ATR above latest close

$113.73
Nearest resistance

+2.6% · 0.4 ATR above · 34-bar high

$106.1
Current price

Price shown is delayed

$103.41
Nearest support

-46.72% · 6.3 ATR below · 34-bar low

$55.1
Deeper support zone

-54.1% · 7.3 ATR below latest close

$47.47
ATR zone

Latest close ± ATR14

$95.78 - $111.04

Indicators

Trend

Dow Theory Structure

Confirmation $96.53, invalidation $83.65

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

Trend strength is moderate

21.4 / 25.9 / 14.5Bullish
Supertrend (10,3)

Price is above Supertrend

$81.52Bullish
Ichimoku Cloud

Cloud Span A / Span B

$87.99 / $80.6Bullish
Donchian Channel (20)

20-period breakout channel position

91%Bullish

Volatility

ATR (14)

High volatility

$7.63 (7.38%)Bearish
Bollinger Bands (20,2)

Width 28.75%

105%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$103.63 / $74.93Bearish
ATR channel lower / upper

Current Volatility Envelope

$95.78 / $111.04Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$106.1Range
Support

Nearest Downside Decision Level

$55.1Range

Momentum

RSI (14)

Momentum is strong

68.3Bullish
MACD (12,26,9)

Histogram is positive

0.959Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

90.9 / 85.2Bullish
Williams %R (14)

Overbought zone

-9.1Bearish
CCI (20)

Strong expansion

186.4Bullish
TD Sequential

Setup is not extreme

sell 4Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

61.0Bullish
OBV slope

20-period OBV slope

21.77%Bullish
Volume ratio

Relative to 20-period average volume

0.60xBearish

Trend

Dow Theory Structure

Confirmation $96.53, invalidation $83.65

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

Trend strength is moderate

21.4 / 25.9 / 14.5Bullish
Supertrend (10,3)

Price is above Supertrend

$81.52Bullish
Ichimoku Cloud

Cloud Span A / Span B

$87.99 / $80.6Bullish
Donchian Channel (20)

20-period breakout channel position

91%Bullish

Momentum

RSI (14)

Momentum is strong

68.3Bullish
MACD (12,26,9)

Histogram is positive

0.959Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

90.9 / 85.2Bullish
Williams %R (14)

Overbought zone

-9.1Bearish
CCI (20)

Strong expansion

186.4Bullish
TD Sequential

Setup is not extreme

sell 4Bearish

Volatility

ATR (14)

High volatility

$7.63 (7.38%)Bearish
Bollinger Bands (20,2)

Width 28.75%

105%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$103.63 / $74.93Bearish
ATR channel lower / upper

Current Volatility Envelope

$95.78 / $111.04Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

61.0Bullish
OBV slope

20-period OBV slope

21.77%Bullish
Volume ratio

Relative to 20-period average volume

0.60xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$106.1Range
Support

Nearest Downside Decision Level

$55.1Range

Related Forecasts