BlackBerry stock: buy or sell

BB stock price: $9.84 8.01% At close on Jan 15th, 2021

Updated on:
Jan 16th, 2021

1

BlackBerry stock brief

  • BlackBerry stock skyrocketed 8.01% to close at $9.84 on the stock market on Friday.
  • The stock is configuring an uptrend pattern since last October, when it bottomed at $4.37. Up to date, shares marked a 125.17% gain since the beginning of this rally. BlackBerry gained a 1.55% since Friday after breaking out over its last top at $9.69
  • The price is currently above the upper Bollinger band, which is usually an indicator of a near-term correction
  • On Friday broke out above its latest top at $9.69
  • BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide.

Should I buy BlackBerry stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $BB stock a buy?

Currently, BlackBerry stock matches one trading strategy:

Uptrend buy setup

BlackBerry stock is in an uptrend since last October that so far marked an amazing 125.00% gain. Price marked a pull back in this uptrend at $6.52 on January 4, and since then it bounced up a 50.92%. Price just broke out above the buy point at $9.69, but it's still eligible. If price goes beyond $10.17, it would be better to wait to another pullback. If you decide to enter this trade, the suggested stop loss is at $8.72

Buy setupBuy pointStop lossRisk
Uptrend buy setup$9.69$8.7210.00%

Should I sell BlackBerry stock?

When you are a novel trader and you own stock shares with some profit, it's really difficult to decide the best moment to sell and get your benefits. Similarly to when we have to buy shares, choosing when is appropiate time to sell is not a fickle decision, and we must adhere our own trading strategy. When selling, as well as buying, detailed strategies are very easy to use but are only valid for selling shares you already own, not for shorting BlackBerry stock

A guiding principle is that you must never mantain a trade that leads to higher than expected losses by the time of purchase. The timing to sell shares must always be ruled by the stop-loss (automatic or manual)

Is it time to sell BlackBerry stock?

In the current situation of BlackBerry there is not any eligible sell setup, so BlackBerry stock holders with operations in green can keep their positions

BlackBerry ratings

In the last month, 2 analyst ratings were published for BlackBerry

BlackBerry analysts' ratings - Last month
Brokerage firmRating
Dec 18th, 2020
TD Securities Neutral
Dec 20th, 2020
Raymond James

BlackBerry stock analysis

BlackBerry stock started an uptrend last October, and gained an amazing 125.17%. During this uptrend, the price provided some buy points on the breakouts. Latest low was on January 4, when price bounced at $6.52. On Friday, BlackBerry broke out above its last top ($9.69) giving a good entry point

SMAs overview

BB stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $10.03 (1.93% above)
  • R2: $10.05 (2.13% above)
  • R3: $10.06 (2.24% above)
  • The current support levels are:

  • S1: $9.76 (-0.81% below)
  • S2: $9.75 (-0.91% below)
  • S3: $9.69 (-1.52% below)
  • Bollinger bands

    When the price moves out of the band (above the upper line or below the lower line) it tells that the stock is currently having a very strong momentum and therefore can correct the trend to the average. At this point, the price is beyond the upper band, meaning a possible near-term correction (at least) until it is under the band

    BB stock Bollinger Bands chart

    Relative strength index

    Climbed over the overbought line Friday, marking a value of 78.32. Climbing above the level of 70 is not a bearish signal, as stocks can be in the overvalued zone for many, many weeks and may continue to gain

    BB stock RSI chart

    BlackBerry stock price history

    BlackBerry started trading priced at an adjusted price1 of $2.15 on Feb 1999. Since then, BB stock has risen by 357.67%, with an average of 17.03% per year. If you had invested thousand dollars in BlackBerry stock on Feb 1999, it would be valued $4,576.74 today.

    1: Adjusted price after possible price splits or reverse-splits

    BB stock price history chart

    Price target for BlackBerry stock

    Nobody knows how much a stock will be priced in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.

    The following table shows the price target posted by financial institutions in the last 30 days. If you are a small trader you must not buy or sell based on these predictions.

    There are 2 price predictions posted for BlackBerry that average $8.25. BlackBerry closed at $9.84 on Friday, so the target price is predicting a decrease by 16.16%.

    BlackBerry stock price predictions
    Brokerage firmPrice target
    Dec 18th, 2020
    TD Securities $5.50$8.50
    Dec 20th, 2020
    Raymond James $7.50$8.00

    Earnings and financials

    In mid-December, BlackBerry ($BB) had the quarterly investors call and presented the report. BlackBerry beat market estimates and presented of $0.02, that is a 300.00% better than expected versus the estimates of $-0.01. On the opposite side, reported revenues were $224.0 million compared to estimates of $242.5 million.

    By comparison, the EPS for the same quarter last year was $0.03, so current EPS means a decrease of -33.33%. Turnover tanked a -18.35% on an annualized basis in the , from $2.7B to $2.2B last quarter.

    BlackBerry ($BB) is hosting the Q4 earnings call next March.

    BlackBerry performance

    BB performance compared
    Company1m3m6m
    BlackBerry ($BB) 17.80% 89.20% 104.10%

    Disclaimer:
    The opinions written in this article are personal and not recommendations for you to buy or sell shares. The author of this report does not know the particular situations of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for learning purposes only

    BlackBerry summary

    Friday, January 15th, 2021
    Open$10.68
    Close$9.84
    Day range$9.4 - $11.56
    Previous close$9.11
    Session gain8.01%
    Average true range$0.49
    50d mov avg$6.73
    100d mov avg$5.79
    200d mov avg$5.21
    Earnings dateMarch 30th, 2021

    Frequently asked questions

    What is BlackBerry stock symbol?

    BlackBerry Limited is a public company trading in the US stock market with the BB symbol

    Is BlackBerry stock a buy or sell?

    BlackBerry received 2 ratings in the last 30 days: 0 bullish, 0 bearish and 1 neutral.

    Will BB go up?

    BlackBerry had different price predictions published by analysts in the last 30 days setting the target price to $8.25. That is a 16.16% than the last price ($9.84).