Where BlackBerry Is Trading Compared to Moving Averages
BlackBerry (BBRY) stock has risen more than 23% in the last five trading days after the company announced its fiscal 2Q18 results and beat analyst estimates on September 28. BlackBerry has generated returns of 33% in the trailing 12-month period and 23% in the last month. Since the start of 2017, BlackBerry stock has risen 60%. In comparison, BlackBerry’s technology (QQQ) peers IBM (IBM), Apple (AAPL), and Microsoft (MSFT) have generated returns of -8%, 37%, and 30%, respectively, in the trailing 12-month period.
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Of the five analysts covering BlackBerry, one has rated it a “buy,” two have recommended a “sell,” and two have recommended a “hold.” Analysts have an average stock price target of $11.08 with a median target of $10.75, which suggests BlackBerry is trading at a premium of 4% to the median analyst target estimate.
On September 29, BlackBerry closed the trading day at $11.18. Based on that figure, here’s how the stock fared in terms of moving averages that day:
- 10% above its 100-day moving average of $10.16
- 20% above its 50-day moving average of $9.28
- 21% above its 20-day moving average of $9.25
RSI and MACD
BlackBerry’s 14-day MACD (moving average convergence divergence) is ~0.05. A stock’s MACD is the difference between its short-term and long-term moving averages. Since BBRY’s MACD is positive, it indicates an upward trading pattern.
BlackBerry also has a 14-day RSI (relative strength index) score of 77, which shows that the stock is trading above overbought territory. If an RSI is above 70, it indicates that a stock has been overbought, while an RSI figure below 30 suggests that a stock has been oversold.