How BlackBerry is Trading Compared with its Moving Averages

BlackBerry’s stock returns

BlackBerry (BB) has returned 67% in the last 12 months, 1.2% in the past month, and -7.1% in the last five days. BlackBerry stock fell 28% in 2016, then rose spectacularly, by ~52%, in 2017. BlackBerry stock has risen ~9% since the start of 2018. In comparison, peers Citrix (CTXS), IBM (IBM), and Twilio (TWLO) have returned 9%, -13%, and 35%, respectively, in the last 12 months.

How BlackBerry is Trading Compared with its Moving Averages

Analysts’ recommendations and price targets

Of the six analysts tracking BlackBerry stock, two have recommended “buy,” two have recommended “hold,” and two have recommended “sell.” Analysts’ 12-month average price target for BlackBerry is $12.38, with a median target estimate of $11.50. BlackBerry is trading at a premium of 6% to analysts’ median estimate.

Moving averages

On March 13, BlackBerry closed at $12.20. Based on that price, the stock was trading as follows:

  • 3.7% above its 100-day moving average of $11.77
  • 1.1% below its 50-day moving average of $12.34
  • 4% below its 20-day moving average of $12.71

BlackBerry was trading 79% above its 52-week low of $6.30 and 9% below its 52-week high of $14.55.

Relative strength index

BlackBerry’s 14-day MACD (moving average convergence divergence) is ~0.25. A stock’s MACD marks the difference between its short-term and long-term moving averages. BlackBerry’s positive MACD indicates an upward trading pattern.

BlackBerry has a 14-day RSI (relative strength index) score of 42, which shows that the stock could be close to oversold. An RSI score above 70 indicates that a stock has been overbought, while an RSI score below 30 suggests that a stock has been oversold.