|Best Buy Co Inc -- USA Stock|| |
USD 71.83 0.54 0.76%
Investors can use this prediction interface to forecast Best Buy historic prices and determine the direction of Best Buy Co Inc future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Best Buy historical fundamentals such as revenue growth or operating cash flow patterns. Although naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Best Buy Co Inc systematic risks associated with finding meaningful patterns of Best Buy fundamentals over time. Check also Historical Fundamental Analysis of Best Buy
to cross-verify your projections.
Best Buy Co Inc has current Daily Balance Of Power of 0.4122. Balance of Power indicator (or BOP) measures the strength of Best Buy Co Inc market sensitivity to bulls and bears. It estimates the ability of Best Buy buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Best Buy Balance of Power indicator one can determine a trend of the price direction.
Best Buy Trading Date Momentum
|On February 23 2018 Best Buy Co Inc was traded for 71.83 at the closing time. Highest Best Buy's price during the trading hours was 72.97 and the lowest price during the day was 71.66 . The net volume was 717.1 K. The overall trading history on 23 of February did not affect price variability. The overall trading delta to current price is 0.36% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.