BRISTOL-MYERS SQUIBB CO (BMY) Stock Technical Analysis
USA - NYSE:BMY - US1101221083 - Common Stock
Overall BMY gets a technical rating of 2 out of 10. In the past year, BMY was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
BMY has a poor technical rating and the quality of the setup is also only medium 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
42.16
We found 2 important support areas.
- A support zone ranging from 43.31 to 46.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.59 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 46.69 to 46.70. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 47.90 to 48.52. 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 | UP | POSITIVE | The short term trend for BMY is up. |
| ChartMill Relative Strength | 27.17 | NEGATIVE | BMY has a low relative strength, it was outperformed by 72.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BMY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BMY is above 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) | 62.33 | NEUTRAL | The RSI value for BMY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests BMY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.41 | OVERBOUGHT | The high Stochastics value suggests BMY may be overbought. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for BMY suggests some volalility. |
| Average Directional Index/ADX (14) | 17.99 | NEGATIVE | The low ADX value for BMY suggests a weak or negative trend. |
46.69
+0.06 (+0.13%)
BRISTOL-MYERS SQUIBB CO / BMY FAQ
Can you provide the ChartMill technical rating for BRISTOL-MYERS SQUIBB CO?
ChartMill assigns a technical rating of 2 / 10 to BMY.
What is the current trend direction of BRISTOL-MYERS SQUIBB CO (BMY) stock?
The current trend direction for BRISTOL-MYERS SQUIBB CO (BMY) is Bearish.
What is the RSI signal for BMY stock?
BRISTOL-MYERS SQUIBB CO (BMY) has an RSI value of 62.3254. This indicates that the stock is currently neutral.
What is the buy/sell signal for BRISTOL-MYERS SQUIBB CO (BMY) stock?
The buy/sell signal for BRISTOL-MYERS SQUIBB CO (BMY) is hold as the short term and long term trends are mixed.
What is the support and resistance level for BMY stock?
BRISTOL-MYERS SQUIBB CO (BMY) has a support level at 46.27 and a resistance level at 46.69. Check the full technical report for our detailed analysis of BMY support and resistance levels.