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Health Care Distributors Industry Stocks Technical Analysis - BMYArchive
- 1/17/2025 -
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Bristol-Myers Squibb (BMY) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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 climbed 0.46 points, or 0.82%, and closed at 56.29 on Friday, January 17, 2025. Weekly volume was -33% below 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 39.35 on July 5, 2024. BMY lost 42.09 points, or 51.68%, in 83 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (28.40) 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 downtrend had started on November 11, 2024 at 61.08 and reached 54.81 on January 13, 2025. BMY lost 6.27 points, or 10.27%, in 9 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See BMY weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See BMY short-term trend chart]
A short-term uptrend had started on January 13, 2025 at 54.81 and reached 56.74 on January 15, 2025. BMY gained -1.93 points, or -3.52%, in 2 days. Price is near the Fibonacci 23.6% retracement level.
Daily Technical Indicators: [See BMY daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since December 2, 2024. The distance between MACD and the signal line is low and getting smaller.
The distance between the Bollinger Bands (5.05%) is close to one year low (4.73%). It is 53.25% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.
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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 |
4 |
| Industry |
Health Care Distributors |
109 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
54.81 |
| Low Date |
01/13/2025 |
| High |
56.74 |
| High Date |
01/15/2025 |
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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 |
58.54 |
| High Date |
12/18/2024 |
| Low |
54.81 |
| Low Date |
01/13/2025 |
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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 |
61.08 |
| High Date |
11/11/2024 |
| Low |
54.81 |
| Low Date |
01/13/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
39.35 |
| Low Date |
07/05/2024 |
| High |
61.08 |
| High Date |
11/11/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Resistance |
| Resistance |
38.19 |
| Support |
28.40 |
| High |
81.44 |
| High Date |
12/01/2022 |
| Low |
39.35 |
| Low Date |
07/05/2024 |
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