BRISTOL-MYERS SQUIBB CO (BMY) Stock Technical Analysis
NYSE:BMY - New York Stock Exchange, Inc. - US1101221083 - Common Stock - Currency: USD
Overall BMY gets a technical rating of 0 out of 10. BMY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
75% of all other stocks performed better in the past year than BMY.
In the last month BMY has a been trading in the 46.18 - 50.76 range, which is quite wide. It is currently trading near the lows of this range.
BMY has an average volume of 15269000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BMY is an average performer in the Pharmaceuticals industry, it outperforms 55% of 195 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 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
45.89
51.21
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 47.30 to 49.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | DOWN | NEGATIVE | The short term trend for BMY is down. |
| ChartMill Relative Strength | 25.54 | NEGATIVE | BMY has a low relative strength, it was outperformed by 74.46% off all stocks 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) | 38.22 | NEUTRAL | The RSI value for BMY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests BMY has a negative trend. |
| Stochastics (14,3) | 6.49 | OVERSOLD | The low Stochastics value suggests BMY may be oversold. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for BMY suggests some volalility. |
| Average Directional Index/ADX (14) | 23.56 | NEUTRAL | The ADX value for BMY suggests a possible start of a new 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)
46.35
-0.3 (-0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.64%
1 Week-1.09%
2 Weeks-8.56%
1 Month-3.13%
3 Month-22.78%
6 Month-19.64%
12 Month11.61%
2 Year-27.52%
3 Year-39.81%
5 Year-21.17%
10 Year-30.34%
15 Year85.85%
Volatility
ATR(14)0.96
ATR(20)%2.1%
ATR Inc-30.53%
Range Today0.77
ADR(20)0.91
ADR(20)%1.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.54
Mansfield-1.73
10 Day High50.46
10 Day Low46.18
20 Day High50.76
20 Day Low46.18
52 Week High63.33
52 Week Low39.35
CS1 EndN/A
CR1 Start47.3
Volume & EV
DER(3)1.21%
DER(5)1.57%
Volume21.86M
Volume Incr-10.13%
Vol(5)12.46M
Vol(50)15.27M