Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BBY.L
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Best Buy Company., Inc stock price up 0.366% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 15, 2024 Gain 19.48% PDF

The Best Buy Company., Inc stock price gained 0.366% on the last trading day (Wednesday, 27th Mar 2024), rising from £382.60 to £384.00. During the last trading day the stock fluctuated 2.52% from a day low at £381.20 to a day high of £390.80. The price has risen in 7 of the last 10 days and is up by 3.23% over the past 2 weeks. Volume fell on the last day by -442 thousand shares and in total, 779 thousand shares were bought and sold for approximately £299.10 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 upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £390.96 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.61% during the next 3 months and, with a 90% probability hold a price between £369.74 and £432.46 at the end of this 3-month period.

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BBY.L Signals & Forecast

The Best Buy Company., Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £378.69 and £347.86. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month 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 Friday, March 15, 2024, and so far it has fallen -0.570%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Best Buy Company., Inc stock

Best Buy Company., Inc finds support from accumulated volume at £372.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £9.60 between high and low, or 2.52%. For the last week, the stock has had daily average volatility of 2.13%.

Our recommended stop-loss: £371.80 (-3.18%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (BBY.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Best Buy Company., Inc to open at £385.33, and during the day (based on 14 day Average True Range), to move between £374.75 and £393.25, which gives a possible trading interval of +/-£9.25 (+/-2.41%) up or down from last closing price. If Best Buy Company., Inc takes out the full calculated possible swing range there will be an estimated 4.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £386.20 (0.57%) than the support at £372.00 (3.13%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Best Buy Company., Inc 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 Best Buy Company., Inc stock to perform well in the short-term.

Current score: 2.089 Buy Candidate Unchanged

Predicted Opening Price for Best Buy Company., Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£385.33 ( 0.347%) £384.00

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

Trading levels for BBY.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 394.93 2.85 %
R2 391.27 1.89 %
R1 389.00 1.30 %
Current price: 384.00
Support S1 381.67 -0.608 %
S2 379.40 -1.20 %
S3 375.73 -2.15 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 386.20 0.573 %
Current price 384.00
Support S1 372.00 -3.13%
S2 334.20 -12.97%
S3 324.40 -15.52%

BBY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 16, 2024 May 16, 2024 Jul 03, 2024 £8.00 2.08%
2 May 18, 2023 May 18, 2023 May 18, 2023 £7.00 1.79%
3 Aug 17, 2022 Oct 27, 2022 Dec 05, 2022 £3.50 1.06%
4 Mar 10, 2022 May 26, 2022 Jul 06, 2022 £6.00 2.37%
5 Aug 18, 2021 Nov 04, 2021 Dec 06, 2021 £3.00 1.22%

FAQ

What is the symbol for Best Buy Company., Inc Stock and on which exchange is it traded?
The symbol for Best Buy Company., Inc is BBY.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Best Buy Company., Inc Stock?
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 Best Buy Company., Inc stock to perform well in the short-term.

How to buy Best Buy Company., Inc Stock?
Best Buy Company., Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Best Buy Company., Inc Stock.

What's the current price of Best Buy Company., Inc Stock?
As of the end of day on the 2024-03-27, the price of an Best Buy Company., Inc (BBY.L) share was £384.00.

What is the 52-week high and low for Best Buy Company., Inc Stock?
The 52-week high for Best Buy Company., Inc Stock is £401.20 and the 52-week low is £291.60.

What is the market capitalization of Best Buy Company., Inc Stock?
As of the 2024-03-27, the market capitalization of Best Buy Company., Inc is 2.02B.

When is the next earnings date for Best Buy Company., Inc?
The upcoming earnings date for Best Buy Company., Inc is Aug 14, 2024.
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About Best Buy Company., Inc

Best Buy Company. Balfour Beatty plc finances, designs, develops, builds, and maintains infrastructure in the United Kingdom, the United States, and internationally. It operates through three segments: Construction Services, Support Services, and Infrastructure Investments. The Construction Services segment provides civil engineering, building, ground engineering, mechanical and electrical, refurbishment, fit-out, and rail engineering services. The Support Service... BBY.L Profile

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