The Greedy Trader Weekly Analysis
Sign In Jul 30, 2021
Skip Navigation Links
Number of records: 0
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Bristol-Myers Squibb (BMY)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtMACD bearish divergence
Daily :Williams' Percentage Range is overboughtMACD bearish divergenceThe price is above the upper Bollinger BandThe Bollinger Bands are historically close together
Move cursor over the icon to see details.

It was a fifth consecutive positive week for the Bristol-Myers Squibb (BMY). During the week, the BMY gained 1.04 points, or 1.55%, and closed at 68.34 on Friday, July 23, 2021. Weekly volume was -16% below average.

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 March 23, 2020 at 45.76 and reached 68.53 on July 23, 2021. BMY gained -22.77 points, or -49.76%, in 69 weeks. Price is near the trend high.

Medium-term trend: [See BMY medium-term trend chart]
A medium-term uptrend had started on March 4, 2021 at 58.63 and reached 68.53 on July 23, 2021. BMY gained -9.90 points, or -16.89%, in 20 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 65.49 and resistance is at 70.02. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See BMY weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 9, 2021. 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 July 19, 2021 at 65.78 and reached 68.53 on July 23, 2021. BMY gained -2.75 points, or -4.18%, in 4 days. The price is now at the 6.91% retracement level.

Daily Technical Indicators: [See BMY daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence.

The daily MACD line is above its signal line since July 22, 2021. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands (3.22%) is close to one year low (3.16%). It is 59.64% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.49
Williams' Percentage Range (W%R) 18.80
Overbought
Lane's Stochastic (%D-Slow) 64.50
Greed/Fear Indicator (GFI) 69.07
Moving Average Converg./Diverg. (MACD) 0.34 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.96
Williams' Percentage Range (W%R) 5.30
Strong Overbought
Lane's Stochastic (%D-Slow) 80.49
Overbought
Greed/Fear Indicator (GFI) 76.31
Moving Average Converg./Diverg. (MACD) 1.18 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 70.02
Price 68.34
Upper Bollinger Band 68.18
Daily Stochastic Crossing 67.82
Weekly Stochastic Crossing 67.62
20 Day Moving Average 67.07
50 Day Moving Average 66.41
Lower Bollinger Band 65.98
Parabolic System 65.83
Monthly Trendline Support 65.49
Sector and Industry
Description Name Rank
Sector Health Care 11
Industry Health Care Distributors 96
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 65.78
Low Date 07/19/2021
High 68.53
High Date 07/23/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 63.22
Low Date 06/08/2021
High 68.53
High Date 07/23/2021
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 70.02
Support 65.49
Low 58.63
Low Date 03/04/2021
High 68.53
High Date 07/23/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.76
Low Date 03/23/2020
High 68.53
High Date 07/23/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.48
Low Date 07/23/2019
High 68.53
High Date 07/23/2021
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

Copyright© 2004-2018 All rights reserved.