The Greedy Trader Weekly Analysis
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Bristol-Myers Squibb (BMY)

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance lineBroken trend resistance line
Daily :Daily  MACD line has moved above its signal line
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It was a second consecutive positive week for the Bristol-Myers Squibb (BMY). During the week, the BMY climbed 0.13 points, or 0.20%, and closed at 66.38 on Friday, February 14, 2020. Weekly volume was -61% below average.

Long-term trend: [See BMY long-term trend chart]
A long-term downtrend had started on July 15, 2016 at 77.12 and reached 42.48 on July 23, 2019. BMY lost 34.64 points, or 44.92%, in 157 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (41.67) is broken. A broken support is considered to be a long-term bullish 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 resistance line 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 42.48 on July 23, 2019. BMY lost 27.57 points, or 39.36%, in 74 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (38.95) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See BMY weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since July 26, 2019. 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 January 31, 2020 at 62.51 and reached 67.80 on February 6, 2020. BMY gained -5.29 points, or -8.46%, in 6 days. The price is now at the 26.84% retracement level.

Daily Technical Indicators: [See BMY daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.48
Williams' Percentage Range (W%R) 35.80
Lane's Stochastic (%D-Slow) 75.73
Greed/Fear Indicator (GFI) 67.79
Moving Average Converg./Diverg. (MACD) 0.64
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.77
Williams' Percentage Range (W%R) 10.60
Overbought
Lane's Stochastic (%D-Slow) 80.07
Overbought
Greed/Fear Indicator (GFI) 77.10
Moving Average Converg./Diverg. (MACD) 3.78
Trading Signals
Description Value Chart
Monthly Trendline Resistance 71.73
Upper Bollinger Band 68.52
Daily Stochastic Crossing 67.03
Weekly Stochastic Crossing 66.96
Price 66.38
20 Day Moving Average 65.61
50 Day Moving Average 64.34
Parabolic System 64.18
Monthly Trendline Support 64.02
Lower Bollinger Band 62.64
Yearly Trendline Resistance 61.22
Sector and Industry
Description Name Rank
Sector Healthcare 7
Industry Drug Manufacturers/Major 89
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 67.80
High Date 02/06/2020
Low 65.80
Low Date 02/10/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 62.51
Low Date 01/31/2020
High 67.80
High Date 02/06/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 71.73
Support 64.02
Low 42.48
Low Date 07/23/2019
High 68.34
High Date 01/22/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 50.38
Support 38.95
High 70.05
High Date 02/16/2018
Low 42.48
Low Date 07/23/2019
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 61.22
Support 41.67
High 77.12
High Date 07/15/2016
Low 42.48
Low Date 07/23/2019
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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