BRISTOL-MYERS SQUIBB CO (BMY) Technical Analysis
NYSE:BMY • US1101221083
Current stock price
BMY Technical Rating and Analysis
Overall BMY gets a technical rating of 5 out of 10. BMY has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- BMY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BMY is lagging the market slightly.
- In the last month BMY has a been trading in the 57.22 - 62.23 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- BMY has an average volume of 12248400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, BMY outperforms 67% of them, which is more or less in line with the market.
- BMY is part of the Pharmaceuticals industry. There are 191 other stocks in this industry, BMY did better than 58% of them.
BMY Weekly and Daily overview Charts
BMY Setup Rating and Analysis
Although the technical rating is only medium, BMY does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 58.56, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
BMY Support and Resistance Analysis
44.78
2 important support areas can be observed.
- A support zone ranging from 56.99 to 58.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @45.23 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 58.86 to 59.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 61.09 to 62.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
BMY Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for BMY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BMY is neutral. |
| ChartMill Relative Strength | 67.72 | NEUTRAL | BMY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BMY is below the rising 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) | UP | POSITIVE | The current price of BMY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.53 | NEUTRAL | The RSI value for BMY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BMY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 42.87 | NEUTRAL | The Stochastics value for BMY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for BMY suggests some volalility. |
| Average Directional Index/ADX (14) | 11.58 | NEGATIVE | The low ADX value for BMY suggests a weak or negative trend. |
BMY Chart- and CandleStick Pattern Analysis
BMY Technicals: Chart, Performance Metrics, Trend & Indicators
58.8
-0.59 (-0.99%)
BRISTOL-MYERS SQUIBB CO / BMY TA FAQ
What is the ChartMill technical rating of BRISTOL-MYERS SQUIBB CO (BMY) stock?
ChartMill assigns a technical rating of 5 / 10 to BMY.
What is the trend direction for BMY stock?
The current trend direction for BRISTOL-MYERS SQUIBB CO (BMY) is Bullish.
What is the RSI signal for BRISTOL-MYERS SQUIBB CO (BMY) stock?
BRISTOL-MYERS SQUIBB CO (BMY) has an RSI value of 48.5279. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BRISTOL-MYERS SQUIBB CO?
The MACD indicator for BRISTOL-MYERS SQUIBB CO (BMY) has a value of 0.036665, indicating a bearish trend.
Can you provide the support and resistance levels for BRISTOL-MYERS SQUIBB CO?
BRISTOL-MYERS SQUIBB CO (BMY) has a support level at 58.56 and a resistance level at 58.86. Check the full technical report for our detailed analysis of BMY support and resistance levels.