BRISTOL-MYERS SQUIBB CO (BMY) Stock Technical Analysis
NYSE:BMY - New York Stock Exchange, Inc. - US1101221083 - Common Stock - Currency: USD
Taking everything into account, BMY scores 1 out of 10 in our technical rating. BMY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
In the last month BMY has a been trading in the 46.16 - 50.74 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
BMY has an average volume of 14598900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, BMY turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
BMY is an average performer in the Pharmaceuticals industry, it outperforms 58% of 193 stocks in the same industry.
BMY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BMY is lagging the market.
BMY has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
45.88
51.21
When analyzing the support we notice one important area.
- A support zone ranging from 46.34 to 46.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 47.13 to 47.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @49.76 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 50.57 to 50.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BMY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BMY is neutral. |
| ChartMill Relative Strength | 42.37 | NEUTRAL | BMY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BMY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BMY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BMY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.5 | NEUTRAL | The RSI value for BMY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests BMY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.37 | NEUTRAL | The Stochastics value for BMY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for BMY suggests some volalility. |
| Average Directional Index/ADX (14) | 16.36 | NEGATIVE | The low ADX value for BMY suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
46.86
-1.66 (-3.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-3.42%
1 Week-0.13%
2 Weeks0.45%
1 Month-6.58%
3 Month-7.59%
6 Month-16.07%
12 Month15.82%
2 Year-24.65%
3 Year-36.49%
5 Year-20.12%
10 Year-28.61%
15 Year88.04%
Volatility
ATR(14)1
ATR(20)%2.19%
ATR Inc95.84%
Range Today1.08
ADR(20)0.94
ADR(20)%2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.37
Mansfield-1.77
10 Day High48.61
10 Day Low46.17
20 Day High50.74
20 Day Low46.17
52 Week High63.33
52 Week Low39.92
CS1 End46.85
CR1 Start47.13
Volume & EV
DER(3)3.15%
DER(5)2.28%
Volume13.72M
Volume Incr-14.29%
Vol(5)12.18M
Vol(50)14.60M