Best Buy Stock Technical Analysis

BBY
 Stock
  

USD 79.53  2.89  3.51%   

As of the 19th of August, Best Buy shows the Risk Adjusted Performance of 0.0145, mean deviation of 2.31, and Downside Deviation of 3.13. Best Buy technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have analyzed nineteen technical drivers for Best Buy Company, which can be compared to its rivals. Please confirm Best Buy standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if Best Buy is priced correctly, providing market reflects its regular price of 79.53 per share. Given that Best Buy has jensen alpha of (0.12), we suggest you to validate Best Buy Company's prevailing market performance to make sure the company can sustain itself at a future point.
  

Best Buy Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Best Buy, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Best Buy
Best Buy's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Best Buy Analyst Consensus

Target PriceAdvice# of Analysts
131.27Hold15Odds
Best Buy Company current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Best Buy analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Best Buy stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Best Buy, talking to its executives and customers, or listening to Best Buy conference calls.
Best Buy Analyst Advice Details
Best Buy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Best Buy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Best Buy trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Best Buy Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Best Buy volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Best Buy Trend Analysis

Use this graph to draw trend lines for Best Buy Company. You can use it to identify possible trend reversals for Best Buy as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Best Buy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Best Buy Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Best Buy Company applied against its price change over selected period. The best fit line has a slop of   0.07  , which may imply that Best Buy Company will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 186.95, which is the sum of squared deviations for the predicted Best Buy price change compared to its average price change.

About Best Buy Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Best Buy Company on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Best Buy Company based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Best Buy price pattern first instead of the macroeconomic environment surrounding Best Buy. By analyzing Best Buy's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Best Buy's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Best Buy specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2010 2014 2022 (projected)
Long Term Debt to Equity0.40.360.38
Interest Coverage11.431.3972.46

Best Buy August 19, 2022 Technical Indicators

Most technical analysis of Best Buy help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Best Buy from various momentum indicators to cycle indicators. When you analyze Best Buy charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Best Buy August 19, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Best Buy stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Continue to Trending Equities. Note that the Best Buy information on this page should be used as a complementary analysis to other Best Buy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for Best Buy Stock analysis

When running Best Buy price analysis, check to measure Best Buy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Best Buy is operating at the current time. Most of Best Buy's value examination focuses on studying past and present price action to predict the probability of Best Buy's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Best Buy's price. Additionally, you may evaluate how the addition of Best Buy to your portfolios can decrease your overall portfolio volatility.
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Is Best Buy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Best Buy. If investors know Best Buy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Best Buy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.36
Market Capitalization
18.6 B
Quarterly Revenue Growth YOY
-0.085
Return On Assets
0.1
Return On Equity
0.64
The market value of Best Buy is measured differently than its book value, which is the value of Best Buy that is recorded on the company's balance sheet. Investors also form their own opinion of Best Buy's value that differs from its market value or its book value, called intrinsic value, which is Best Buy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Best Buy's market value can be influenced by many factors that don't directly affect Best Buy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Best Buy's value and its price as these two are different measures arrived at by different means. Investors typically determine Best Buy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Best Buy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.