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How BlackBerry Is Trading Compared to Moving Averages

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BlackBerry’s stock returns

BlackBerry (BB) has returned 79% in the trailing 12 months, 11.1% in the last month, and 2.4% in the trailing five days. The stock fell 28% in 2016 and rose 52% in 2017, and it’s risen almost 15% since the start of 2018. Peers Citrix (CTXS), IBM (IBM), and Twilio (TWLO) have returned 21%, -10%, and 23%, respectively, in the trailing 12 months.

Of the six analysts tracking BlackBerry, two have recommended a “buy,” two have recommended a “hold,” and two have recommended a “sell.” Analysts’ 12-month average price target for BlackBerry is $12.38 with a median target estimate of $11.5. BlackBerry is now trading at a premium of 10% to analysts’ median estimate.

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Moving averages

On March 12, BlackBerry closed the trading day at $12.82. Based on that price, the stock’s moving averages are as follows:

  • 10.5% below its 100-day moving average of $11.6
  • 3% below its 50-day moving average of $12.45
  • 5% below its 20-day moving average of $12.21

BlackBerry is currently trading 88% above its 52-week low of $6.81 and 12% below its 52-week high of $14.55.

Relative strength and moving average convergence divergence

BlackBerry’s 14-day MACD (moving average convergence divergence) is 0.12. A stock’s MACD is the difference between its short-term and long-term moving averages. BlackBerry’s positive MACD indicates an upward trading pattern.

BB has a 14-day RSI (relative strength index) score of 69, which shows that the stock is trading close to oversold territory. An RSI above 70 indicates that a stock has been overbought, and an RSI figure below 30 suggests that a stock has been oversold.

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