BlackBerry Stock Compared to Moving Averages in June 2017

Canada-based (EWC) BlackBerry has generated returns of 53% in the trailing 12-month period and 53.4% since the beginning of 2017. It fell 28% in 2016 and 14.2% in 2015. In the trailing month, BlackBerry stock has risen 9.8%. The stock fell 5.2% over the last five trading days.

Its peers including Apple (AAPL), IBM (IBM), and Cisco (CSCO) generated returns of 50%, 2%, and 10%, respectively, in the last 12 months.

On June 14, 2017, BlackBerry closed the trading day at $10.57. Based on that figure, here’s how the stock is performing compared to its moving averages:

• 25.4% below its 100-day moving average of $8.43
• 8.5% above its 50-day moving average of $9.74
• 3% below its 20-day moving average of $10.9

BlackBerry’s 14-day MACD (moving average convergence divergence) is 0.63. A positive figure indicates an upward trading trend. MACD is the difference between a company’s short-term and long-term moving averages.

BlackBerry’s 14-day RSI (relative strength index) is 40, which indicates that the stock is slightly in overbought territory. Generally, an RSI above 70 indicates that a stock has been overbought. An RSI below 30 suggests that a stock has been oversold.

Of the five analysts covering BlackBerry stock, one gave it a “buy” recommendation, two gave it a “hold,” and two gave it a “sell” recommendation.

Analysts’ consensus target price for the stock is $10.3, while the median target estimate is $10. Blackberry is trading at a premium of 5.4% to its median target price.