Best Buy Technical Analysis

BBY -- USA Stock  

Fiscal Quarter End: October 31, 2019  

As of 16 of October Best Buy shows Risk Adjusted Performance of (0.039035) and Mean Deviation of 1.8. 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 future prices. In plain English 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 found nineteen technical drivers for Best Buy Co which can be compared to its rivals. Please confirm Best Buy Standard Deviation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Expected Short fall to decide if Best Buy is priced correctly providing market reflects its regular price of 68.83 per share. Given that Best Buy has Jensen Alpha of (0.1), we suggest you validate Best Buy Co prevailing market performance to make sure the company can sustain itself at future point.
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Best Buy Co current and past analyst recommendations published by number of research institutions as well as average analyst consensus
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Best Buy Technical Analysis

The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Best Buy volatility developed by Welles Wilder. View also all equity analysis or get more info about true range volatility indicators indicator.

Best Buy Trend Analysis

Use this graph to draw trend lines for Best Buy Co. 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 Co applied against its price change over selected period. The best fit line has a slop of   0.1  which may imply that the returns on investment in Best Buy Co will continue to fail. It has 122 observation points and a regression sum of squares at 357.76, which is the sum of squared deviations for the predicted Best Buy price change compared to its average price change.

Best Buy October 16, 2019 Technical Indicators

Best Buy October 16, 2019 Daily Price Condition

Check also Trending Equities. Please also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.