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Downtrend Broken Resist.Archive
- 8/22/2025 -
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Bristol-Myers Squibb (BMY) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Bristol-Myers Squibb (BMY). During the week, the BMY dropped -0.52 points, or -1.07%, and closed at 47.92 on Friday, August 22, 2025. Weekly volume was -22% below average.
 Long-term trend: [See BMY long-term trend chart]
A long-term uptrend had started on July 5, 2024 at 39.35 and reached 63.33 on March 11, 2025. BMY gained -23.98 points, or -60.94%, in 35 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (61.83) 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 long-term trend.
 Medium-term trend: [See BMY medium-term trend chart]
A medium-term downtrend had started on March 11, 2025 at 63.33 and reached 42.96 on July 31, 2025. BMY lost 20.37 points, or 32.16%, in 20 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (42.65) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. BMY may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See BMY weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish 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 July 31, 2025 at 42.96 and reached 49.58 on August 20, 2025. BMY gained -6.62 points, or -15.41%, in 20 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 daily MACD line is above its signal line since August 11, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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