The Greedy Trader Weekly Analysis
Sign In Sep 13, 2019
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 0
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Bristol-Myers Squibb (BMY)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
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 second consecutive positive week for the Bristol-Myers Squibb (BMY). During the week, the BMY climbed 0.20 points, or 0.42%, and closed at 48.27 on Friday, September 6, 2019. Weekly volume was -43% below average.

Long-term trend: [See BMY long-term trend chart]
A long-term downtrend had started on October 9, 2018 at 63.69 and reached 42.48 on July 23, 2019. BMY lost 21.21 points, or 33.30%, in 41 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (42.06) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. BMY may retest the broken resistance line. It is considered to be a support line now. 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 uptrend had started on July 23, 2019 at 42.48 and reached 49.14 on August 29, 2019. BMY gained -6.66 points, or -15.68%, in 5 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 47.77 and resistance is at 49.39. 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 26, 2019. 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 15, 2019 at 45.32 and reached 49.14 on August 29, 2019. BMY gained -3.82 points, or -8.43%, in 14 days. The chart has formed a Rising Channel 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 July 25, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (47.99) comes close to the price (48.27). 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) 60.88
Williams' Percentage Range (W%R) 18.80
Overbought
Lane's Stochastic (%D-Slow) 64.03
Greed/Fear Indicator (GFI) 68.69
Moving Average Converg./Diverg. (MACD) 0.64
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.30
Williams' Percentage Range (W%R) 19.00
Overbought
Lane's Stochastic (%D-Slow) 69.03
Greed/Fear Indicator (GFI) 67.03
Moving Average Converg./Diverg. (MACD) -1.30
Trading Signals
Description Value Chart
Weekly Trendline Resistance 49.39
Upper Bollinger Band 49.20
Daily Stochastic Crossing 48.47
Price 48.27
Parabolic System 47.99
Weekly Trendline Support 47.77
20 Day Moving Average 47.50
Weekly Stochastic Crossing 47.37
50 Day Moving Average 46.05
Lower Bollinger Band 45.73
Monthly Trendline Resistance 42.25
Monthly Trendline Support 42.06
Sector and Industry
Description Name Rank
Sector Healthcare 6
Industry Drug Manufacturers/Major 90
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 45.32
Low Date 08/15/2019
High 49.14
High Date 08/29/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 49.39
Support 47.77
Low 42.48
Low Date 07/23/2019
High 49.14
High Date 08/29/2019
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 42.25
Support 42.06
High 63.69
High Date 10/09/2018
Low 42.48
Low Date 07/23/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.05
High Date 02/16/2018
Low 42.48
Low Date 07/23/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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.

Copyright© 2004-2018 All rights reserved.