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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- 7/5/2024 -
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Bristol-Myers Squibb (BMY) Technical Analysis

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Summary:
Weekly :Relative Strength Index and Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is below the lower Bollinger BandWilliams' Percentage Range is oversold
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It was the negative week for the Bristol-Myers Squibb (BMY). During the week, the BMY dropped -1.87 points, or -4.50%, and closed at 39.66 on Friday, July 5, 2024. It was the worst weekly loss since May 24, 2024. BMY was trading at average weekly trading volume.

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 trend support level is at 37.96 and resistance is at 47.87. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See BMY medium-term trend chart]
A medium-term downtrend had started on March 13, 2024 at 55.04 and reached 39.35 on July 5, 2024. BMY lost 15.69 points, or 28.51%, in 16 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 38.25 and resistance is at 42.04. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since April 26, 2024. This is an indication that the medium-term trend is down. 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 June 26, 2024 at 43.04 and reached 39.35 on July 5, 2024. BMY lost 3.69 points, or 8.57%, in 9 days. The price is now at the 8.40% retracement level.

Daily Technical Indicators: [See BMY daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.

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.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.89
Williams' Percentage Range (W%R) 89.80
Oversold
Lane's Stochastic (%D-Slow) 27.63
Greed/Fear Indicator (GFI) 23.56
Moving Average Converg./Diverg. (MACD) -0.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 13.59
Oversold
Williams' Percentage Range (W%R) 97.50
Strong Oversold
Lane's Stochastic (%D-Slow) 16.14
Oversold
Greed/Fear Indicator (GFI) 16.34
Oversold
Moving Average Converg./Diverg. (MACD) -2.96
Trading Signals
Description Value Chart
Upper Bollinger Band 43.13
50 Day Moving Average 42.59
Parabolic System 42.52
Quarterly Trendline Resistance 42.04
20 Day Moving Average 41.46
Weekly Stochastic Crossing 40.48
Daily Stochastic Crossing 40.11
Lower Bollinger Band 39.72
Price 39.66
Quarterly Trendline Support 38.25
Yearly Trendline Support 37.96
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Health Care Distributors 33
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 43.04
High Date 06/26/2024
Low 39.35
Low Date 07/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 43.04
High Date 06/26/2024
Low 39.35
Low Date 07/05/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 43.04
High Date 06/26/2024
Low 39.35
Low Date 07/05/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 42.04
Support 38.25
High 55.04
High Date 03/13/2024
Low 39.35
Low Date 07/05/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 47.87
Support 37.96
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.