BB stock rose 2.8% in morning trade on December 15, 2021, after the company released details of its deal with BMW.
BlackBerry QNX to be used for future BMW Group driver assistance systems
WATERLOO, ON, Dec. 15, 2021 /CNW/ — BlackBerry Limited (NYSE: BB; TSX: BB), today announced it has entered into a multi-year agreement with BMW Group to collaborate and develop technology for the automotive manufacturer’s next-generation vehicles.
As part of the agreement, BlackBerry will license its QNX® technology to BMW Group, as well as assign a team of engineers to support the development of new SAE Level 2/2+ driving automation functions to be deployed across multiple makes and models.
BMW chose BlackBerry because of the company’s deep expertise and strong track record of providing leading edge embedded software solutions that deliver safety, reliability and security. The news follows recently announced BlackBerry QNX design wins with other industry leaders including Visteon, Nobo, WM Motor, Desay SV, Scania and Volvo Group.
The deployment is another significant automotive milestone for the company, whose BlackBerry QNX technology is in production programs with 45 different OEMs, 7/7 of the top Tier 1s and over 195 million vehicles worldwide. With the BlackBerry QNX technology platform acting as a trusted foundation, BMW Group will be empowered to deliver a unique driving experience for customers with the highest level of system safety and reliability.
BlackBerry QNX is the market leader for safety-certified embedded software in automotive. Automakers and Tier 1s, including BMW, Aptiv, Bosch, Ford, GM, Honda, Mercedes-Benz, Toyota, and Volkswagen, trust BlackBerry QNX software for a broad range of safety-related systems. These include Advanced Driver Assistance Systems (ADAS), Digital Cockpits and Secure Data Gateways, all of which are becoming increasingly prevalent in vehicles. Furthermore, BlackBerry QNX is key to the future of the automotive industry, with design wins with 24 of the top 25 electric vehicle automakers, and providing a safe, reliable, and secure software foundation for autonomous drive vehicle systems.
♉ Bullish Option Flow
Bullish option flow was detected in BB stock on December 15, 2021.
Make sure to review this lesson on option flow so that you understand the image above.
📺 VIDEO Blackberry Will Go Higher, Here’s Why! 🚀 BB Stock Short Squeeze Coming?
About 3 months ago, IPO Market Watch gave his opinion on BB stock and a short squeeze.
📈 BB Stock Technical Analysis
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends. BB is part of the Software industry. There are 339 other stocks in this industry. BB outperforms 73% of them. BB is currently trading in the lower part of its 52 week range, which is not a good signal because the S&P500 Index is trading near new highs. There is a support zone ranging from 8.59 to 8.61. This zone is formed by a combination of multiple trend lines in multiple time frames. There is a resistance zone ranging from 9.30 to 9.32. This zone is formed by a combination of multiple trend lines in the daily time frame. There is also a resistance zone ranging from 10.16 to 10.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames. BB has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first. Click here to sign up for email alerts on when BB stock is a good buy.
