BBBY closes lower for the 2nd day in a row


Bed Bath & Beyond (BBBY) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
BBBY closes lower for the 2nd day in a row
BBBY breaks below previous session low
TQ Sentiment
Report Sentiment: 50% Bearish
Technical Forecast:
Overview

Moving lower for the 2nd day in a row, BBBY finished Thursday at 19.82 losing $0.23 (-1.15%). Closing below Wednesday's low at 19.95, the market confirms its breakout through the prior session's low having traded $0.32 below it intraday.

Daily chart for BBBY
Volatility

Thursday's trading range was $0.42 (2.1%), that's below last trading month's daily average range of $0.52. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being slightly above average.

Trend

While the share is experiencing a short-term up trend, this could just be a correction, as both the medium and long term trends are still in negative territory.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Bed Bath & Beyond
Condition Forecast Direction Win Avg Worst Best Events
Close to Swing High TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

BBBY pushes through prior session high

Aug 14, 2018
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