BRISTOL-MYERS SQUIBB CO (BMY)       80.28  +1.25 (+1.58%)

80.28  +1.25 (+1.58%)

US1101221083 - Common Stock - After market: 80.28 0 (0%)

Technical Rating

10

We assign a technical rating of 10 out of 10 to BMY. Both in the recent history as in the last year, BMY has proven to be a steady performer, scoring decent points in every aspect analyzed.



Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, BMY did better than 95% of all other stocks. On top of that, BMY also shows a nice and consistent pattern of rising prices.
BMY is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 92% of 255 stocks in the same industry.
BMY is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
In the last month BMY has a been trading in the 74.55 - 81.17 range, which is quite wide. It is currently trading near the high of this range.
BMY has an average volume of 9400800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Statistics

1 Month 3 Months 6 Months 12 Months 3.32% 17.01% 6.80% 42.54% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 95.37 56.11 - 81.1699
BMY Weekly chart
BMY Daily chart

Support/Resistance Analysis


66.43

81.09
When analyzing the support we can see 6 important areas.
  • A support zone ranging from 78.35 to 79.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 74.39 to 75.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 72.62 to 72.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @70.63 from a trend line in the daily time frame.
  • A support zone ranging from 68.48 to 69.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @67.10 from a horizontal line in the daily time frame.
We found 1 important resistance area.
  • A resistance zone ranging from 80.29 to 80.29. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

8

BMY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 80.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 79.98, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
80.3078.341.96 (2.44%)25.00%
An entry @80.30. This is a Buy Stop order right above the resistance zone.An exit @78.34. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 1.96 points, which is 2.44%.For a 0.61% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of BMY. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BMY Daily chart

BRISTOL-MYERS SQUIBB CO80.28

NYSE:BMY (11/30/2022, 7:22:24 PM)+1.25 (+1.58%)

After market: 80.28 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Pharmaceuticals
Performance
Today 1.58% 1 Week 1.8%
2 Weeks 5.24% 1 Month 3.32%
3 Month 17.01% 6 Month 6.8%
Volatility
ATR(14) 1.59 ATR(20)% 1.95%
ATR Inc -23.53% Range Today 1.66
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 95.37 Mansfield 1.25
10 Day High 80.3 10 Day Low 75.64
20 Day High 81.17 20 Day Low 74.55
52 Week High 81.17 52 Week Low 56.11
CS1 End 79.98 CR1 Start 80.29
Volume & EV
DER(3) -0.11% DER(5) 0.74%
Volume 19.26M Volume Incr -14.9%
Vol(5) 8.48M Vol(50) 9.40M

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