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BlackBerry Limited Stock Forecast NASDAQ:BB

$9.29 (2.88%)

Volume: 6M

Closed: Dec 07, 2021

Hollow Logo Score: -3.032

BlackBerry Limited Stock Forecast

$9.29 (2.88%)

Volume: 6M

Closed: Dec 07, 2021

Score Hollow Logo -3.032
Earnings Date: Dec 21, 2021
Key Stats
P/E Ratio -7.90
Beta 1.02
* 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 ] The BlackBerry Limited stock currently holds an RSI14 at 24 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Green day on Tuesday for BlackBerry Limited stock after gaining 2.88%
(Updated on Dec 07, 2021)

Sell candidate since 2021-11-23 Loss -8.11%

The BlackBerry Limited stock price gained 2.88% on the last trading day (Tuesday, 7th Dec 2021), rising from $9.03 to $9.29. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 3.32% from a day low at $9.18 to a day high of $9.49. The price has been going up and down for this period, and there has been a -7.93% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 114 thousand more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately $58.63 million.

The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $8.89 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect BlackBerry Limited stock with a 90% probability to be traded between $9.00 and $11.93 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 4.62%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BlackBerry Limited stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $10.55. On a fall, the stock will find some support from the short-term average at $9.26. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

BlackBerry Limited finds support from accumulated volume at $9.28 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.31 between high and low, or 3.32%. For the last week, the stock has had a daily average volatility of 6.32%.

BlackBerry Limited is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is BlackBerry Limited stock A Buy?

BlackBerry Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.032

Predicted Opening Price for BlackBerry Limited of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$9.32 $9.29 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Sep 23, 2021 "Raymond James" gave "$9.50" rating for BB. The price target was set to $10.75+12.4%.

Volatility and Risk
Daily Average Volatility: 6.32 %
Overall Risk: Very High High Medium Low Very Low
6.32 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $9.60
Price: $9.29
Support: $9.28

BB Insider Trading Show all Trades



Last 100 transactions
Buy: 5 000 727 | Sell: 10 216 871 (Shares)
Date Action Amount Person Type
Nov 30, 2021 Buy 5 646 Watsa V Prem Et Al Deferred Share Units
Nov 30, 2021 Buy 5 858 Daniels Michael A Deferred Share Unit
Nov 30, 2021 Buy 5 546 Dattels Timothy D Deferred Share Unit
Nov 30, 2021 Buy 5 936 Disbrow Lisa S Deferred Share Unit
Nov 30, 2021 Buy 5 546 Lynch Richard J. Deferred Share Unit
Show all Insider Trades


Last 100 transactions
Buy: 5 000 727 | Sell: 10 216 871 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 9.62 3.59 %
9.51 2.33 %
9.43 1.56 %
Current price: 9.29
Support 9.20 -0.95 %
9.13 -1.72 %
9.01 -2.98 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 11.52 24.00 %
10.60 14.10 %
9.60 3.34 %
Current price 9.29
Support 9.28 -0.11%
8.94 -3.77%
8.88 -4.41%

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About BlackBerry Limited

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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