The Greedy Trader Weekly Analysis
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Number of records: 4
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Bristol-Myers Squibb
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineBroken trend support line
Daily :Williams' Percentage Range is oversoldThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week for the Bristol-Myers Squibb (BMY). During the week, the BMY gained 0.53 points, or 1.03%, and closed at 51.86 on Friday, May 11, 2018. Weekly volume was 42% above average.

Long-term trend: [See BMY long-term trend chart]
A long-term uptrend had started on January 26, 2017 at 46.01 and reached 70.05 on February 16, 2018. BMY gained -24.04 points, or -52.25%, in 55 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (62.08) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. BMY may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See BMY medium-term trend chart]
A medium-term downtrend had started on February 16, 2018 at 70.05 and reached 49.96 on May 8, 2018. BMY lost 20.09 points, or 28.68%, in 11 weeks. The price is now at the 9.46% retracement level.

Weekly Technical Indicators: [See BMY weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 23, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See BMY short-term trend chart]
A short-term downtrend had started on April 27, 2018 at 52.87 and reached 49.96 on May 8, 2018. BMY lost 2.91 points, or 5.50%, in 11 days. The price is now at the 65.29% retracement level.

Daily Technical Indicators: [See BMY daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.

The daily MACD line is above its signal line since April 30, 2018.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.63
Williams' Percentage Range (W%R) 83.70
Oversold
Lane's Stochastic (%D-Slow) 40.49
Greed/Fear Indicator (GFI) 38.48
Moving Average Converg./Diverg. (MACD) -2.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.54
Williams' Percentage Range (W%R) 92.90
Strong Oversold
Lane's Stochastic (%D-Slow) 7.22
Strong Oversold
Greed/Fear Indicator (GFI) 16.84
Oversold
Moving Average Converg./Diverg. (MACD) -0.14
Trading Signals
Description Value Chart
Quarterly Trendline Support 62.08
50 Day Moving Average 59.09
Upper Bollinger Band 54.67
Price 51.86
20 Day Moving Average 51.76
Lower Bollinger Band 51.65
Daily Stochastic Crossing 50.99
Weekly Stochastic Crossing 50.90
Parabolic System 49.91
Sector and Industry
Description Name Rank
Sector Healthcare 4
Industry Drug Manufacturers/Major 62
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 49.96
Low Date 05/08/2018
High 52.11
High Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 52.87
High Date 04/27/2018
Low 49.96
Low Date 05/08/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.05
High Date 02/16/2018
Low 49.96
Low Date 05/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 72.71
Support 62.08
Low 46.01
Low Date 01/26/2017
High 70.05
High Date 02/16/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 77.12
High Date 07/15/2016
Low 46.01
Low Date 01/26/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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