The Greedy Trader Weekly Analysis
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Yearly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 9/22/2023 -
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Bristol-Myers Squibb (BMY) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range is oversoldLane's Stochastic bullish divergence
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal line
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It was the negative week for the Bristol-Myers Squibb (BMY). During the week, the BMY gave back -0.13 points, or -0.22%, and closed at 58.90 on Friday, September 22, 2023. Weekly volume was 20% above average.

Long-term trend: [See BMY long-term trend chart]
A long-term uptrend had started on July 23, 2019 at 42.48 and reached 81.44 on December 1, 2022. BMY gained -38.96 points, or -91.71%, in 175 weeks. The price is now at the 57.85% retracement level.

Medium-term trend: [See BMY medium-term trend chart]
A medium-term downtrend had started on December 1, 2022 at 81.44 and reached 58.33 on September 18, 2023. BMY lost 23.11 points, or 28.38%, in 41 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (58.23) 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 Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish 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 and Williams' Percentage Range help.

The weekly MACD line is below its signal line since December 23, 2022. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 29, 2023 at 63.41 and reached 58.33 on September 18, 2023. BMY lost 5.08 points, or 8.01%, in 20 days. The price is now at the 11.22% retracement level.

Daily Technical Indicators: [See BMY daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since September 5, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.70
Williams' Percentage Range (W%R) 80.30
Oversold
Lane's Stochastic (%D-Slow) 15.53
Oversold
Greed/Fear Indicator (GFI) 20.30
Moving Average Converg./Diverg. (MACD) -0.69
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.20
Williams' Percentage Range (W%R) 90.70
Strong Oversold
Lane's Stochastic (%D-Slow) 21.49
Bullish
Greed/Fear Indicator (GFI) 24.07
Moving Average Converg./Diverg. (MACD) -2.33 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 62.71
50 Day Moving Average 61.27
20 Day Moving Average 60.35
Parabolic System 60.18
Weekly Stochastic Crossing 59.30
Price 58.90
Daily Stochastic Crossing 58.72
Quarterly Trendline Support 58.23
Quarterly Trendline Resistance 57.40
Lower Bollinger Band 57.35
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Health Care Distributors 66
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 58.33
Low Date 09/18/2023
High 59.46
High Date 09/21/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 63.41
High Date 08/29/2023
Low 58.33
Low Date 09/18/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 71.07
High Date 04/06/2023
Low 58.33
Low Date 09/18/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 57.40
Support 58.23
High 81.44
High Date 12/01/2022
Low 58.33
Low Date 09/18/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.48
Low Date 07/23/2019
High 81.44
High Date 12/01/2022
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.