BED BATH & BEYOND INC. - Daily - Technical analysis published on 04/03/2023 (GMT)
- 99
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : WITHOUT TARGET
BED BATH & BEYOND INC. Chart
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
67%
28%
My opinion
Bearish under 0.542 USD
My targets
-
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BED BATH & BEYOND INC. as long as the price remains well below 0.542 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8
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This analysis was given by aba0550.
Additional analysis
Quotes
BED BATH & BEYOND INC. rating 0.427 USD. On the day, this instrument lost -28.11% with the lowest point at 0.420 USD and the highest point at 0.550 USD. The deviation from the price is +1.67% for the low point and -22.36% for the high point.0.420
0.550
0.427
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BED BATH & BEYOND INC.:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of BED BATH & BEYOND INC. in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.427 | 2.520 | 7.181 | 13.350 |
| Change (%) | - | +490.16% | +1,581.73% | +3,026.46% |
| Change | - | +2.093 | +6.754 | +12.923 |
| Level | - | Minor | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.251 | 0.336 | 0.381 | 0.466 | 0.511 | 0.596 | 0.641 |
| Camarilla | 0.391 | 0.403 | 0.415 | 0.427 | 0.439 | 0.451 | 0.463 |
| Woodie | 0.232 | 0.326 | 0.362 | 0.456 | 0.492 | 0.586 | 0.622 |
| Fibonacci | 0.336 | 0.385 | 0.416 | 0.466 | 0.515 | 0.546 | 0.596 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.542 | 0.655 | 0.735 | 0.848 | 0.928 | 1.041 | 1.121 |
| Camarilla | 0.763 | 0.781 | 0.798 | 0.816 | 0.834 | 0.851 | 0.869 |
| Woodie | 0.527 | 0.647 | 0.720 | 0.840 | 0.913 | 1.033 | 1.106 |
| Fibonacci | 0.655 | 0.728 | 0.774 | 0.848 | 0.921 | 0.967 | 1.041 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -6.167 | -2.403 | -0.497 | 3.267 | 5.173 | 8.937 | 10.843 |
| Camarilla | -0.149 | 0.371 | 0.890 | 1.410 | 1.930 | 2.450 | 2.969 |
| Woodie | -7.095 | -2.868 | -1.425 | 2.803 | 4.245 | 8.473 | 9.915 |
| Fibonacci | -2.403 | -0.237 | 1.101 | 3.267 | 5.433 | 6.771 | 8.937 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 26.16 | |
| MACD (12,26,9): | -0.3330 | |
| Directional Movement: | -16.071 | |
| AROON (14): | -92.857 | |
| DEMA (21): | 0.532 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.810 | |
| Elder Ray (13): | -0.340 | |
| Super Trend (3,10): | 0.943 | |
| Zig ZAG (10): | 0.427 | |
| VORTEX (21): | 0.5990 | |
| Stochastique (14,3,5): | 2.49 | |
| TEMA (21): | 0.528 | |
| Williams %R (14): | -99.24 | |
| Chande Momentum Oscillator (20): | -0.603 | |
| Repulse (5,40,3): | -69.0950 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -3.1330 | |
| Courbe Coppock: | 89.51 |
| MA7: | 0.715 | |
| MA20: | 0.978 | |
| MA50: | 1.842 | |
| MA100: | 2.492 | |
| MAexp7: | 0.687 | |
| MAexp20: | 0.992 | |
| MAexp50: | 1.665 | |
| MAexp100: | 2.786 | |
| Price / MA7: | -40.28% | |
| Price / MA20: | -56.34% | |
| Price / MA50: | -76.82% | |
| Price / MA100: | -82.87% | |
| Price / MAexp7: | -37.85% | |
| Price / MAexp20: | -56.96% | |
| Price / MAexp50: | -74.35% | |
| Price / MAexp100: | -84.67% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on BED BATH & BEYOND INC. at the time of the analysis were as follows:
- Find Everything You Need for Spring Gatherings and Celebrations at Bed Bath & Beyond® and buybuy BABY®
- Bed Bath & Beyond Inc. Enters into Committed Equity Facility for Additional Funding
- Bed Bath & Beyond Inc. Launches New $300 Million At-the-Market Offering Program
- Make Spring Cleaning a Breeze with Must-Have Products from Bed Bath & Beyond®
- Bed Bath & Beyond Inc. Announces Special Shareholder Meeting to Approve Reverse Stock Split
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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