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BlackBerry Limited’s (BBRY) declined -0.79% and settled at $7.57 at the close of trade. The stock’s trading volume in the amid  the previous session recorded 5.14 million shares, while the average volume stood at about 4.06 million shares.     

The average numbers of shares have changed hands in a security per day during the last 3-month period. The stock had a 1.28 relative volume -  a ratio between the current volume and the 3-month average value.        

Moving Averages

Canada based company, BBRY recent closing price distance posted 1.95% from the average-price of 200 days while its 50-day moving average remained steady at 1.89% compared to its 20-day moving average of -4.41%.

Analysts Mean Rating

The analysts’ mean recommendation on the stock stood at about 3.10, where 1.0 rating being the Strong Buy rating, 2.0 being the Buy rating, 3.0 being the Hold rating, 4.0 being the Sell rating and 5.0 being the Strong Sell rating.

Performance Review

Some of the BBRY historical data were highlighted; the stock nearly settled at -0.53% during the previous five trading sessions, while it posted about -3.32% during the past one month, 8.14% during the previous 3 months, and a -18.43% year to date performance standing.    

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BlackBerry’s SecuTABLET

The tech giant announced at the IFA Berlin conference that its flagship SecuTABLET is being used by Germany’s government agencies to ensure the security of its staff in working without falling into espionage victim.  

SecuTABLET is an integrated device with government-grade MAM technology and is based on the Samsung Galaxy Tab S2, which was approved by the German Federal Office for Information Security (BSI) at the “classified – for official use only” security level.

BlackBerry’s SecuTABLET is the latest cross-platform solution that ensures advanced security guidelines set by the government agencies in Germany.

Meanwhile, SecuSUITE for BlackBerry 10 claimed approval, which has been long used by the German government for the security of their mobile voice and data communications.

The chart below illustrates BBRY movement, which initially showed an upward trend and opened at 6.70 at resistance 6.72 on July 20. The next candle attempted a rising window and finally breaks out of the resistance level, continuing a record high until touching resistance 7.02 which opened at 6.95 on July 25.

In essence, shares significantly rallied on July 27 after a series of positive divergences came off at $6.50 per share level.  

During the launching of BlackBerry’s android security patch for Priv on August 5, stock prices turned into positive, but didn’t go that far and slightly consolidated above the resistance level of 7.50.

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Conclusion

As shown in the chart above, BBRY movement is currently at a bearish trend and is still expected to continue to decline. However, it could also balance the trend with its emerging advanced security installed mostly on their products.

In addition, if stock priced will break down at support 7.50, it could also go down deeper.

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