BRISTOL-MYERS SQUIBB CO (BMY) Technical Analysis
NYSE:BMY • US1101221083
Current stock price
BMY Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to BMY. In the last year, BMY was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- BMY is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BMY is performing more or less in line with the market.
- BMY has an average volume of 13698000 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 62% of all stocks.
- BMY is an average performer in the Pharmaceuticals industry, it outperforms 60% of 192 stocks in the same industry.
- In the last month BMY has a been trading in the 56.45 - 62.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BMY Weekly and Daily overview Charts
BMY Setup Rating and Analysis
BMY has an average technical rating and also the quality of the setup is 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
BMY Support and Resistance Analysis
42.88
When analyzing the support we can see 3 important areas.
- A support zone ranging from 56.99 to 59.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @45.05 from a trend line in the weekly time frame.
- Support @43.31 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- 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 | 62.82 | NEUTRAL | BMY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BMY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BMY is above the rising 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) | 57.44 | NEUTRAL | The RSI value for BMY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BMY has a positive trend. |
| Stochastics (14,3) | 70.48 | NEUTRAL | The Stochastics value for BMY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for BMY suggests some volalility. |
| Average Directional Index/ADX (14) | 16.2 | 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
60.65
+0.92 (+1.54%)
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 57.4404. 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 0.0554754, 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 59.41 and a resistance level at 61.09. Check the full technical report for our detailed analysis of BMY support and resistance levels.