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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- 10/11/2024 -
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Bristol-Myers Squibb (BMY) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the Bristol-Myers Squibb (BMY). During the week, the BMY dropped -1.76 points, or -3.26%, and closed at 52.20 on Friday, October 11, 2024. It was the worst weekly loss since August 9, 2024. Weekly volume was -39% 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 Falling Channel chart pattern. The downtrend resistance line (33.72) 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 uptrend had started on July 5, 2024 at 39.35 and reached 54.54 on October 2, 2024. BMY gained -15.19 points, or -38.60%, in 12 weeks. The price is now at the 15.40% retracement level.

Weekly Technical Indicators: [See BMY weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly 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 weekly MACD line is above its signal line since July 19, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 October 2, 2024 at 54.54 and reached 51.51 on October 9, 2024. BMY lost 3.03 points, or 5.56%, in 7 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 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.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.43
Williams' Percentage Range (W%R) 34.00
Lane's Stochastic (%D-Slow) 50.64
Greed/Fear Indicator (GFI) 59.68
Moving Average Converg./Diverg. (MACD) 1.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.98
Williams' Percentage Range (W%R) 12.90
Overbought
Lane's Stochastic (%D-Slow) 83.88
Overbought
Greed/Fear Indicator (GFI) 77.67
Moving Average Converg./Diverg. (MACD) -0.29
Trading Signals
Description Value Chart
Upper Bollinger Band 54.94
Parabolic System 54.47
Weekly Stochastic Crossing 53.41
Daily Stochastic Crossing 52.82
Price 52.20
20 Day Moving Average 51.47
50 Day Moving Average 49.73
Lower Bollinger Band 48.28
Yearly Trendline Resistance 43.51
Sector and Industry
Description Name Rank
Sector Health Care 3
Industry Health Care Distributors 68
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 54.54
High Date 10/02/2024
Low 51.51
Low Date 10/09/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.54
High Date 10/02/2024
Low 51.51
Low Date 10/09/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.54
High Date 10/02/2024
Low 51.51
Low Date 10/09/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 39.35
Low Date 07/05/2024
High 54.54
High Date 10/02/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 43.51
Support 33.72
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.