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Archive
- 10/9/2026 -
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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 -2.03 points, or -3.32%, and closed at 59.12 on Friday, October 9, 2026. BMY was trading at average weekly trading volume.
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 price is near the trend support (58.80) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.
 Medium-term trend: [See BMY medium-term trend chart]
A medium-term uptrend had started on June 18, 2026 at 53.44 and reached 68.64 on August 19, 2026. BMY gained -15.20 points, or -28.44%, in 8 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (73.95) 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 September 25, 2026. 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 September 30, 2026 at 64.13 and reached 58.33 on October 5, 2026. BMY lost 5.80 points, or 9.04%, in 5 days. The price is now at the 13.62% retracement level.
 Daily Technical Indicators: [See BMY daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since August 27, 2026. This is an indication that the short-term trend is down.
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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 |
9 |
| Industry |
Health Care Distributors |
103 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
64.13 |
| High Date |
09/30/2026 |
| Low |
58.33 |
| Low Date |
10/05/2026 |
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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 |
58.33 |
| Low Date |
10/05/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Ascending Triangle |
| Status |
Broken Support |
| Resistance |
68.57 |
| Support |
73.95 |
| 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 |
Test Support |
| Resistance |
70.40 |
| Support |
58.80 |
| 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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