The Greedy Trader Weekly Analysis
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Daily RSI:< 30
Number of records: 10
Symbol:  

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Relative Strength Index (RSI Indicator)
The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.
Relative strength index- rsi indicator and overbought oversold index.
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RSI divergence - Bullish Bearish.
rsi divergence,Bullish,Bearish,bullish stocks,Bullish Divergence,Bearish Divergence,stock market
Bristol-Myers Squibb
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Summary:
Weekly :
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageDaily  MACD line has moved above its signal lineA Parabolic SAR indicator is below and near the priceThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week after 4 consecutive negative weeks for the Bristol-Myers Squibb (BMY). During the week, the BMY gained 1.38 points, or 3.04%, and closed at 46.75 on Friday, June 7, 2019. Weekly volume was -12% below average.

Long-term trend: [See BMY long-term trend chart]
A long-term downtrend had started on February 16, 2018 at 70.05 and reached 44.30 on January 3, 2019. BMY lost 25.75 points, or 36.76%, in 45 weeks. The price is now at the 9.51% retracement level.

Medium-term trend: [See BMY medium-term trend chart]
A medium-term downtrend had started on October 9, 2018 at 63.69 and reached 44.30 on January 3, 2019. BMY lost 19.39 points, or 30.44%, in 12 weeks. The price is now at the 12.64% retracement level.

Weekly Technical Indicators: [See BMY weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since May 17, 2019. The distance between MACD and the signal line is low, but getting bigger. 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 May 1, 2019 at 49.81 and reached 44.86 on May 29, 2019. BMY lost 4.95 points, or 9.94%, in 28 days. The chart has formed a Falling Wedge chart pattern.

Daily Technical Indicators: [See BMY daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

A Parabolic SAR (stop and reversal) indicator (46.83) comes close to the price (46.75). It indicates that the trend is getting weaker. 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.35
Williams' Percentage Range (W%R) 44.30
Lane's Stochastic (%D-Slow) 58.78
Greed/Fear Indicator (GFI) 54.61
Moving Average Converg./Diverg. (MACD) -0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.03
Williams' Percentage Range (W%R) 79.90
Lane's Stochastic (%D-Slow) 34.33
Greed/Fear Indicator (GFI) 32.27
Moving Average Converg./Diverg. (MACD) -1.94
Trading Signals
Description Value Chart
Upper Bollinger Band 47.78
Parabolic System 46.83
Price 46.75
50 Day Moving Average 46.50
20 Day Moving Average 46.49
Weekly Stochastic Crossing 46.36
Daily Stochastic Crossing 46.22
Lower Bollinger Band 45.19
Sector and Industry
Description Name Rank
Sector Healthcare 3
Industry Drug Manufacturers/Major 94
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 49.81
High Date 05/01/2019
Low 44.86
Low Date 05/29/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.38
High Date 03/05/2019
Low 44.54
Low Date 04/25/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 63.69
High Date 10/09/2018
Low 44.30
Low Date 01/03/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.05
High Date 02/16/2018
Low 44.30
Low Date 01/03/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 77.12
High Date 07/15/2016
Low 44.30
Low Date 01/03/2019
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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