Bb price prediction next 90 days

BlackBerry Limited (BB) Stock Forecast for Next 90 Days

1. Analyst Ratings and Price Targets: The average analyst price target for BB over the past 3 months is $3.05, with a high forecast of $3.50 and a low forecast of $2.70. The current analyst consensus is "Hold," with 2 Buy ratings, 6 Hold ratings, and no Sell ratings.

2. Technical Indicators:

• Moving Averages: The stock is currently trading below its 5-day, 10-day, and 50-day moving averages, which could indicate a bearish trend in the short term.
• Support and Resistance Levels: The stock has found support at the $2.34 level, with a resistance level at $2.45.
• MACD: The Moving Average Convergence Divergence (MACD) is positive, which suggests that the stock may have some upward momentum.

3. Market Sentiment:

• Recent news and developments within the company, such as changes in leadership and strategic transformations, could impact investor sentiment and stock performance.
• The stock has seen some positive and negative movements, with recent days showing a slight increase in price.

4. Fibonacci Retracement: The stock is currently trading near its 0.618 Fibonacci Retracement level, which could indicate a potential reversal in the bearish trend if the stock manages to stay above this level.

5. Volume and Price Action: The stock has seen a decrease in volume on higher prices, which could indicate divergent signals and a potential early warning of changes in the stock's trend.

Conclusion: Based on the current analyst ratings, price targets, and technical indicators, there is no strong buy or sell consensus for BlackBerry over the next 90 days. The stock is likely to continue trading in a narrow range with limited upside or downside potential. Investors should monitor the stock's performance against the key technical levels and analyst recommendations for any signs of a trend change.