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Archive
- 6/5/2026 -
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Bristol-Myers Squibb (BMY) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the Bristol-Myers Squibb (BMY). During the week, the BMY climbed 0.09 points, or 0.16%, and closed at 57.27 on Friday, June 5, 2026. BMY was trading at average weekly trading volume.
 Long-term trend: [See BMY long-term trend chart]
A long-term downtrend had started on December 1, 2022 at 81.44 and reached 39.35 on July 5, 2024. BMY lost 42.09 points, or 51.68%, in 83 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (43.96) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See BMY medium-term trend chart]
A medium-term downtrend had started on March 2, 2026 at 62.89 and reached 54.20 on June 2, 2026. BMY lost 8.69 points, or 13.82%, in 13 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 54.82 and resistance is at 60.49. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See BMY weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 10, 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 downtrend had started on May 22, 2026 at 60.25 and reached 54.20 on June 2, 2026. BMY lost 6.05 points, or 10.04%, in 11 days. The price is now at the 50.74% retracement level.
Daily Technical Indicators: [See BMY daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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 |
6 |
| Industry |
Health Care Distributors |
44 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
60.25 |
| High Date |
05/22/2026 |
| Low |
54.20 |
| Low Date |
06/02/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Valid |
| Resistance |
60.49 |
| Support |
54.82 |
| High |
62.89 |
| High Date |
03/02/2026 |
| Low |
54.20 |
| Low Date |
06/02/2026 |
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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 |
42.52 |
| Low Date |
10/29/2025 |
| High |
62.89 |
| High Date |
03/02/2026 |
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| Quarterly 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 |
63.33 |
| High Date |
03/11/2025 |
| Low |
42.52 |
| Low Date |
10/29/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
53.41 |
| Support |
43.96 |
| High |
81.44 |
| High Date |
12/01/2022 |
| Low |
39.35 |
| Low Date |
07/05/2024 |
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