BlackBerry Technical Analysis (NASDAQ:BBRY)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. A BBRY stock chart pattern can give those who understand technical analysis an indication of which way BBRY stock is headed, but cannot predict with 100% certainty as to what can happen to the BlackBerry stock price.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for BlackBerry. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking BlackBerry stock analysis using these technical indicators helps identify trading opportunities.
BlackBerry Moving Average:
BBRY stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of BlackBerry chart patterns after the calculations remain the same. The 100 day moving average of 7.38 is below the last closing price of 9.08. A rise in trend over the long term indicates a long term uptrend. Similarly a falling BBRY moving average implies that BlackBerry stock price is falling.
BlackBerry Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the BBRY stock. BlackBerry bollinger bands show that the stock price is $9.08, upper band is 28.24, lower band is 23.1, and the average is 25.67.
BlackBerry Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The BlackBerry MACD indicator can be used to identify bullish and bearish trends for the stock.
BlackBerry Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 74.01 is the RSI value of BBRY stock. .