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|It was a second consecutive positive week for the Bristol-Myers Squibb (BMY). During the week, the BMY gained 0.76 points, or 1.26%, and closed at 61.31 on Friday, September 07, 2018. Weekly volume was -29% below average. |
BMY is a member of Healthcare Sector. Healthcare is the second 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 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. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Medium-term trend: [See BMY medium-term trend chart]
A medium-term uptrend had started on May 8, 2018 at 49.96 and reached 61.59 on August 17, 2018. BMY gained -11.63 points, or -23.28%, in 14 weeks. Price is near the trend high.
Weekly Technical Indicators: [See BMY weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since July 6, 2018. This is an indication that the medium-term trend is up. 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 August 24, 2018 at 59.63 and reached 61.41 on September 7, 2018. BMY gained -1.78 points, or -2.99%, in 14 days. The price is now at the 5.62% retracement level.
Daily Technical Indicators: [See BMY daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since August 20, 2018. The distance between MACD and the signal line is low and getting smaller.
The price touches the upper Bollinger Band. The distance between the Bollinger Bands is falling, and it was 3.59% on Friday. It is 59.10% lower than one year average. It indicates the period of low volatility of the stock price. 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.