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Archive
- 10/23/2026 -
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Bristol-Myers Squibb (BMY) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second positive week after 5 consecutive negative weeks for the Bristol-Myers Squibb (BMY). During the week, the BMY gained 1.73 points, or 2.90%, and closed at 61.48 on Friday, October 23, 2026. It was the best weekly gain since August 21, 2026. Weekly volume was -11% below average.
BMY is a member of Health Care Sector. Health Care is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See BMY long-term trend chart]
A long-term uptrend had started on October 29, 2025 at 42.52 and reached 68.64 on August 19, 2026. BMY gained -26.12 points, or -61.43%, in 42 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 59.48 and resistance is at 70.88. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See BMY medium-term trend chart]
A medium-term downtrend had started on August 19, 2026 at 68.64 and reached 56.15 on October 13, 2026. BMY lost 12.49 points, or 18.20%, in 7 weeks. The price is now at the 42.67% retracement level.
 Weekly Technical Indicators: [See BMY weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since September 25, 2026. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See BMY short-term trend chart]
A short-term uptrend had started on October 13, 2026 at 56.15 and reached 63.59 on October 22, 2026. BMY gained -7.44 points, or -13.25%, in 9 days. The price is now at the 28.36% retracement level.
 Daily Technical Indicators: [See BMY daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since October 15, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Health Care |
12 |
| Industry |
Health Care Distributors |
101 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
56.15 |
| Low Date |
10/13/2026 |
| High |
63.59 |
| High Date |
10/22/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
68.64 |
| High Date |
08/19/2026 |
| Low |
56.15 |
| Low Date |
10/13/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
53.44 |
| Low Date |
06/18/2026 |
| High |
68.64 |
| High Date |
08/19/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Valid |
| Resistance |
70.88 |
| Support |
59.48 |
| Low |
42.52 |
| Low Date |
10/29/2025 |
| High |
68.64 |
| High Date |
08/19/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
39.35 |
| Low Date |
07/05/2024 |
| High |
68.64 |
| High Date |
08/19/2026 |
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