The Greedy Trader Weekly Analysis
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Bristol-Myers Squibb
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Summary:
Weekly :Overbought sectorRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineMACD bearish divergence
Daily :Williams' Percentage Range is overboughtA Parabolic SAR indicator is above and near the price
Move cursor over the icon to see details.

It was a first positive week for the Bristol-Myers Squibb (BMY). During the week, the BMY climbed 0.33 points, or 0.53%, and closed at 62.41 on Friday, October 05, 2018. Weekly volume was -33% below average.

BMY is a member of Healthcare Sector. Healthcare 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 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 price is now at the 31.78% retracement 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 63.21 on October 3, 2018. BMY gained -13.25 points, or -26.52%, in 21 weeks. The price is now at the 6.04% retracement level.

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. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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, 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 September 13, 2018 at 59.52 and reached 63.21 on October 3, 2018. BMY gained -3.69 points, or -6.20%, in 20 days. The chart has formed a Rising Wedge chart pattern.

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.

The daily MACD line is above its signal line since October 1, 2018. 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.

A Parabolic SAR (stop and reversal) indicator (62.15) comes close to the price (62.41). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.95
Williams' Percentage Range (W%R) 19.80
Overbought
Lane's Stochastic (%D-Slow) 70.91
Greed/Fear Indicator (GFI) 70.69
Moving Average Converg./Diverg. (MACD) 0.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.76
Overbought
Williams' Percentage Range (W%R) 5.50
Strong Overbought
Lane's Stochastic (%D-Slow) 87.77
Overbought
Greed/Fear Indicator (GFI) 80.75
Overbought
Moving Average Converg./Diverg. (MACD) 0.16 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 63.14
Daily Stochastic Crossing 62.68
Weekly Stochastic Crossing 62.67
Price 62.41
Parabolic System 62.15
20 Day Moving Average 61.61
50 Day Moving Average 60.63
Lower Bollinger Band 60.24
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Drug Manufacturers/Major 152
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 59.52
Low Date 09/13/2018
High 63.21
High Date 10/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 49.96
Low Date 05/08/2018
High 63.21
High Date 10/03/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.05
High Date 02/16/2018
Low 49.96
Low Date 05/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.01
Low Date 01/26/2017
High 70.05
High Date 02/16/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 77.12
High Date 07/15/2016
Low 46.01
Low Date 01/26/2017
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.

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