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Archive
- 5/8/2026 -
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Bristol-Myers Squibb (BMY) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Bristol-Myers Squibb (BMY). During the week, the BMY dropped -2.06 points, or -3.54%, and closed at 56.16 on Friday, May 8, 2026. It was the worst weekly loss since March 6, 2026. Weekly volume was -26% below average.
BMY is a member of Health Care Sector. Health Care is the most oversold 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 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 (43.77) 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 uptrend had started on October 29, 2025 at 42.52 and reached 62.89 on March 2, 2026. BMY gained -20.37 points, or -47.91%, in 17 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (60.95) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. BMY may retest the broken support line. It is considered to be a resistance line now. 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 support 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. The distance between MACD and the signal line is low, but getting bigger. 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 April 1, 2026 at 62.23 and reached 55.57 on May 7, 2026. BMY lost 6.66 points, or 10.70%, in 36 days. The price is now at the 8.86% retracement level.
 Daily Technical Indicators: [See BMY daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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