BlackBerry stock: buy or sell
Jul 29th, 2021
BlackBerry stock brief
- BlackBerry closed on Wednesday at $10.77 after skyrocketing a 8.68% breaking a streak of 4 sessions in negative.
- From the chart point view, price is drawing a scaled uptrend since last May with higher tops and higher bottoms. This rally marked a 39.69% gain
- 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 continues to trend higher since last May and has marked an amazing 39.69% gain. Price marked a local bottom in this uptrend at $9.64 on Tuesday, and since then it bounced off a 11.72%. Now, it's only 87.28% away from breaking out over its last top and resume the uptrend. The new buy point is therefore at $20.17. If you decide to enter this trade, the suggested stop loss is at $18.15
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$20.17||$18.15||10.00%|
Should I sell BlackBerry stock?
Do you know when is it time to sell BlackBerry stock?. Trading strategies allow us to avoid impulsive decisions based on our emotions or the noise that surrounds the market. Our trading system selects very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups are not intended for selling short $BB stock
As a golden rule, you must never keep an investment that leads to losses greater than those expected by the time of the buy. When to sell shares always has to 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 profit can keep their positions
In the previous 30 days we couldn't find any rating for BlackBerry
BlackBerry stock analysis
Since last May, BlackBerry has been drawing an uptrend that by now marked a gorgeous 39.69%. Rising tops and bottoms can be seen easily on a chart and how price action provided very few entry points on the breakouts. Latest low was on Tuesday, when price bounced at $9.64. Now, it trades in a consolidation between its last top ($20.17) and its last bottom ($9.64)
Supports and resistances
The current resistances are:
The current supports are:
Since the price broke down the lower band on July 19, the price rebounded by 11.49%
Relative strength index
The RSI dropped below the overbought level of 70 in mid-June after just crossing to the overbough zone for a single day (weak signal). The RSI value on Wednesday was 46.66. BlackBerry stock collapsed a 28.96% since RSI lost the overbought zone
BlackBerry stock price history
BlackBerry started trading priced at an adjusted price1 of $2.15 on Feb 1999. Since then, BB stock surged by 400.93%, with an average of 18.22% per year. If you had invested thousand dollars in BlackBerry stock on the IPO, it would be valued $5,009.30 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for BlackBerry stock
Nobody can predict how much a stock will be priced tomorrow. Banks and financial organisations post their analysis forecasting how a stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions publish their price target based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental data by the company, and usually. Again, these targets are not direct recommendations for individual investors and should not be followed blindly.
We don't have any target price posted in the last month for BlackBerry.
Earnings and financials
BlackBerry Limited ($BB) came out with quarterly earnings of $-0.05 per share in late June, matching the analysts consensus estimate of $-0.05 per share. Forecasted revenue for this quarter was $242.5 million but BlackBerry significantly missed by 28.23%, posting $174.0 million.For comparison, the EPS for the same quarter last year was $0.02, so posted EPS is a loss of -350.00%. Turnover dropped a -15.53% on an annualized basis in the , from $2.1B to $1.7B last quarter.
BlackBerry ($BB) is hosting the Q2 earnings call next September.
Disclaimer:The comments given in this article are personal and not recommendations for you to buy or sell stocks. The author of this document does not have any knowledge of the particular scenarios of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for general educational purposes only
|Wednesday, July 28th, 2021|
|Day range||$9.97 - $11|
|Average true range||$0.71|
|50d mov avg||$11.80|
|100d mov avg||$10.54|
|200d mov avg||$9.48|
|Earnings date||September 22nd, 2021|