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Archive - 3/15/2024 - Sign In to see current Signals. |
Bristol-Myers Squibb (BMY) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Bristol-Myers Squibb (BMY). During the week, the BMY dropped -1.45 points, or -2.70%, and closed at 52.34 on Friday, March 15, 2024. It was the worst weekly loss since January 12, 2024. Weekly volume was 59% above average. Long-term trend: [See BMY long-term trend chart] A long-term downtrend had started on December 1, 2022 at 81.44 and reached 47.58 on February 6, 2024. BMY lost 33.86 points, or 41.58%, in 61 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (42.26) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a long-term trend. Medium-term trend: [See BMY medium-term trend chart] A medium-term uptrend had started on February 6, 2024 at 47.58 and reached 55.04 on March 13, 2024. BMY gained -7.46 points, or -15.68%, in 5 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (53.60) is broken. A broken support is considered to be a long-term bearish signal. 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 medium-term trend. Weekly Technical Indicators: [See BMY weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since December 29, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend 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 March 13, 2024 at 55.04 and reached 51.81 on March 14, 2024. BMY lost 3.23 points, or 5.87%, in 1 days. The price is now at the 16.41% retracement level. Daily Technical Indicators: [See BMY daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is above its signal line since February 8, 2024. The distance between MACD and the signal line is low and getting smaller. During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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Daily Oscillators |
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Weekly Oscillators |
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Trading
Signals |
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Sector and
Industry |
Description |
Name |
Rank |
Sector |
Health Care |
6 |
Industry |
Health Care Distributors |
69 |
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Daily Trend |
Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
High |
55.04 |
High Date |
03/13/2024 |
Low |
51.81 |
Low Date |
03/14/2024 |
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Weekly Trend |
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Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
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Resistance |
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Support |
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High |
55.04 |
High Date |
03/13/2024 |
Low |
51.81 |
Low Date |
03/14/2024 |
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Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
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Resistance |
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Support |
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High |
55.04 |
High Date |
03/13/2024 |
Low |
51.81 |
Low Date |
03/14/2024 |
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Quarterly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Rising Channel |
Status |
Broken Support |
Resistance |
55.36 |
Support |
53.60 |
Low |
47.58 |
Low Date |
02/06/2024 |
High |
55.04 |
High Date |
03/13/2024 |
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Description |
Value |
Direction |
Down |
Chart Pattern |
Falling Channel |
Status |
Broken Resistance |
Resistance |
48.79 |
Support |
42.26 |
High |
81.44 |
High Date |
12/01/2022 |
Low |
47.58 |
Low Date |
02/06/2024 |
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