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Uptrend Broken SupportArchive
- 9/4/2026 -
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Bristol-Myers Squibb (BMY) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Bristol-Myers Squibb (BMY). During the week, the BMY climbed 0.24 points, or 0.36%, and closed at 66.82 on Friday, September 4, 2026. Weekly volume was -42% 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 price is now at the 6.97% retracement level.
 Medium-term trend: [See BMY medium-term trend chart]
A medium-term uptrend had started on June 18, 2026 at 53.44 and reached 68.64 on August 19, 2026. BMY gained -15.20 points, or -28.44%, in 8 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (67.39) 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 Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 weekly MACD line is above its signal line since July 24, 2026. This is an indication that the medium-term trend is up. 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 August 19, 2026 at 68.64 and reached 65.13 on August 21, 2026. BMY lost 3.51 points, or 5.11%, in 2 days. The price is now at the 48.15% 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 August 27, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
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