The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 2/13/2026 -
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Bristol-Myers Squibb (BMY) Technical Analysis

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Summary:
Weekly :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceBroken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought area
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It was the negative week for the Bristol-Myers Squibb (BMY). During the week, the BMY dropped -1.25 points, or -2.02%, and closed at 60.74 on Friday, February 13, 2026. It was the worst weekly loss since October 10, 2025. Weekly volume was -12% 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 Symmetric Triangle chart pattern. The downtrend resistance line (43.22) 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 March 11, 2025 at 63.33 and reached 42.52 on October 29, 2025. BMY lost 20.81 points, or 32.86%, in 33 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (42.01) 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 medium-term trend.

Weekly Technical Indicators: [See BMY weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 31, 2025. The distance between MACD and the signal line is relatively high and getting bigger. 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 21, 2026 at 53.55 and reached 62.05 on February 6, 2026. BMY gained -8.50 points, or -15.87%, in 16 days. The price is now at the 15.41% retracement level.

Daily Technical Indicators: [See BMY daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since February 3, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.36
Williams' Percentage Range (W%R) 22.80
Lane's Stochastic (%D-Slow) 78.04
Greed/Fear Indicator (GFI) 76.20
Moving Average Converg./Diverg. (MACD) 1.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.63
Overbought Bearish
Williams' Percentage Range (W%R) 9.90
Strong Overbought
Lane's Stochastic (%D-Slow) 86.27
Overbought Bearish
Greed/Fear Indicator (GFI) 80.86
Overbought
Moving Average Converg./Diverg. (MACD) 1.32 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 63.15
Monthly Trendline Resistance 60.89
Daily Stochastic Crossing 60.74
Price 60.74
Weekly Stochastic Crossing 60.50
Parabolic System 58.42
20 Day Moving Average 57.04
Yearly Trendline Resistance 55.87
Monthly Trendline Support 55.73
50 Day Moving Average 55.16
Lower Bollinger Band 52.37
Sector and Industry
Description Name Rank
Sector Health Care 5
Industry Health Care Distributors 53
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 59.25
Low Date 02/12/2026
High 60.95
High Date 02/13/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 53.55
Low Date 01/21/2026
High 62.05
High Date 02/06/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 60.89
Support 55.73
Low 42.52
Low Date 10/29/2025
High 62.05
High Date 02/06/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 34.60
Support 42.01
High 63.33
High Date 03/11/2025
Low 42.52
Low Date 10/29/2025
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 55.87
Support 43.22
High 81.44
High Date 12/01/2022
Low 39.35
Low Date 07/05/2024
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.