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|It was a fifth consecutive positive week for the Bristol-Myers Squibb (BMY). During the week, the BMY climbed 0.03 points, or 0.06%, and closed at 53.16 on Friday, June 08, 2018. Weekly volume was 16% above average. |
Long-term trend: [See BMY long-term trend chart]
A long-term uptrend had started on January 26, 2017 at 46.01 and reached 70.05 on February 16, 2018. BMY gained -24.04 points, or -52.25%, in 55 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (62.99) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.
Medium-term trend: [See BMY medium-term trend chart]
A medium-term downtrend had started on February 16, 2018 at 70.05 and reached 49.96 on May 8, 2018. BMY lost 20.09 points, or 28.68%, in 11 weeks. The price is now at the 15.93% retracement level.
Weekly Technical Indicators: [See BMY weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and 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.
The weekly MACD line is below its signal line since March 23, 2018. 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 30, 2018 at 53.45 and reached 49.97 on June 4, 2018. BMY lost 3.48 points, or 6.51%, in 5 days. The price is now at the 91.67% retracement level.
Daily Technical Indicators: [See BMY daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 30, 2018. The distance between MACD and the signal line is low and getting smaller.
The distance between the Bollinger Bands (3.31%) is close to one year low (3.06%). It is 62.48% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.