|
|
Health Care Distributors Industry Stocks Technical Analysis - BMYArchive
- 10/30/2026 -
Sign In to see current Signals. |
Bristol-Myers Squibb (BMY) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a third positive week after 5 consecutive negative weeks for the Bristol-Myers Squibb (BMY). During the week, the BMY gained 1.00 points, or 1.63%, and closed at 62.48 on Friday, October 30, 2026. Weekly volume was -21% below average.
BMY is a member of Health Care Sector. Health Care is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See BMY long-term trend chart]
A long-term uptrend had started on October 29, 2025 at 42.52 and reached 68.64 on August 19, 2026. BMY gained -26.12 points, or -61.43%, in 42 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 59.83 and resistance is at 71.13. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See BMY medium-term trend chart]
A medium-term downtrend had started on August 19, 2026 at 68.64 and reached 56.15 on October 13, 2026. BMY lost 12.49 points, or 18.20%, in 7 weeks. The price is now at the 50.68% retracement level.
 Weekly Technical Indicators: [See BMY weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since September 25, 2026. This is an indication that the medium-term trend is down. 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 October 13, 2026 at 56.15 and reached 64.05 on October 30, 2026. BMY gained -7.90 points, or -14.07%, in 17 days. The price is now at the 19.87% retracement level.
 Daily Technical Indicators: [See BMY daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since October 15, 2026. This is an indication that the short-term trend is up.
Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.
| |
|
|