Best Buy Momentum Indicators Average Directional Movement Index Overview

BBY -- USA Stock  

USD 60.58  2.25  3.86%

Best Buy momentum-indicators tool provides you with the Momentum Indicators execution environment for running Average Directional Movement Index indicator against Best Buy. Momentum indicators of Best Buy are pattern recognition functions that provide distinct formation on Best Buy potential trading signals or future price movement. Analysts can use these trading signals to identify current and future trends and trend reversals to provide buy and sell recommendations. Please specify Time Period to run this model.
Horizon     30 Days    Login   to change

The output start index for this execution was nineteen with a total number of output elements of twenty. The average directional index (ADX) measures the strength of a prevailing trend of Best Buy and whether movement exists in the market. The ADX is measured on a scale of 0 to 100. A low Best Buy ADX value usually indicates a non-trending market with low volumes, whereas a cross above 20 may indicate the start of a trend. If the ADX is over 40 and begins to fall, it can indicate the slowdown of a current trend. This indicator can also be used to identify non-trending markets, or a deterioration of an ongoing trend. Although market direction is important in its calculation, the ADX is not a directional indicator View also all equity analysis or get more info about average directional movement index momentum indicators indicator.

Additional Technical Research

Current Sentiment - BBY

Best Buy Investor Sentiment

Predominant part of Macroaxis users are currently bullish on Best Buy Co. What is your opinion about investing in Best Buy Co? Are you bullish or bearish?
98% Bullish
2% Bearish

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