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Stop-loss: $12.80 (-5.24%)
Key Stats
P/E Ratio -6.61
Beta 0.89
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ]
RSI14 is 63 and the stock is currently not being overbought or oversold

BlackBerry Limited stock price ended on $13.51 on Thursday after gaining 4.89% (Updated on June 17, 2021)


Buy or Hold candidate since 2021-05-26 Gain 43.11%

The BlackBerry Limited stock price gained 4.89% on the last trading day (Thursday, 17th Jun 2021), rising from $12.88 to $13.51. During the day the stock fluctuated 8.50% from a day low at $12.59 to a day high of $13.66. The price has fallen in 6 of the last 10 days and is down by -14.92% for this period. Volume fell on the last day by -3 million shares and in total, 41 million shares were bought and sold for approximately $555.57 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 34.82% during the next 3 months and, with a 90% probability hold a price between $12.90 and $22.32 at the end of this 3-month period.

Signals & Forecast

The BlackBerry Limited stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $13.95. On a fall, the stock will find some support from the long-term average at approximately $10.74. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 03, 2021, and so far it has fallen -14.92%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss

BlackBerry Limited finds support from accumulated volume at $12.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.07 between high and low, or 8.50%. For the last week, the stock has had a daily average volatility of 7.37%.

Our recommended stop-loss: $12.80 (-5.24%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 10 day(s) ago.)

Is BlackBerry Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for BlackBerry Limited stock to perform well in the short-term.

Current score: 1.617

Predicted Opening Price for BlackBerry Limited of Friday, June 18, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price June 18, 2021 Current price
$13.25 $13.51 (Overvalued)
Buy Candidate Unchanged

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Analyst Ratings

Canaccord Genuity does not see either upside or downside right now giving BB "Hold" on their last update on May 05, 2021. The price target was changed from $9.00 to $10.00.

Volatility
7.37 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $15.25
Price: $13.51
Support: $12.88

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 14.32 6.02 %
13.91 2.99 %
13.66 1.13 %
Current price: 13.51
Support 12.84 -4.93 %
12.59 -6.79 %
12.18 -9.82 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 15.88 17.54 %
15.77 16.73 %
15.25 12.88 %
Current price 13.51
Support 12.88 -4.66%
11.56 -14.43%
10.76 -20.36%

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About BlackBerry Limited

BlackBerry Limited develops and sells smartphones and other devices under the BlackBerry brand name worldwide. The company develops and offers smartphones with the BlackBerry 10 OS and Android OS, as well as BlackBerry 10 smartphones; and enterprise mobility management and mobile security software, and a portfolio of enterprise software solutions and services that could be deployed across a range of ecosystems and devices. It also licenses QNX so... Read more

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