BlackBerry stock: buy or sell

BB stock price: $10.77 8.68% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

1

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 setupBuy pointStop lossRisk
Uptrend buy setup$20.17$18.1510.00%

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

BlackBerry ratings

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)

SMAs overview

BB stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $10.85 (0.74% above)
  • R2: $10.90 (1.21% above)
  • R3: $11.04 (2.51% above)
  • The current supports are:

  • S1: $10.63 (-1.30% below)
  • S2: $10.59 (-1.67% below)
  • S3: $10.38 (-3.62% below)
  • Bollinger bands

    Since the price broke down the lower band on July 19, the price rebounded by 11.49%

    BB stock Bollinger Bands chart

    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

    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 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

    BB stock price history chart

    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.

    BlackBerry performance

    BB performance compared
    Company1m3m6m
    BlackBerry ($BB) -14.00% 14.00% -44.70%

    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

    BlackBerry summary

    Wednesday, July 28th, 2021
    Open$9.97
    Close$10.77
    Day range$9.97 - $11
    Previous close$9.91
    Session gain8.68%
    Average true range$0.71
    50d mov avg$11.80
    100d mov avg$10.54
    200d mov avg$9.48
    Earnings dateSeptember 22nd, 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 had no ratings in the last 4 weeks Read the article to get additional tips on trading BB stock.

    Will BB go up?

    There were no price targets posted by market analysts in the last month for BlackBerry.