The Greedy Trader Weekly Analysis
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Health Care Distributors Industry Stocks Technical Analysis - BMY

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- 6/18/2026 -
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Bristol-Myers Squibb (BMY) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance lineWilliams' Percentage Range is oversold
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Bristol-Myers Squibb (BMY). During the week, the BMY dropped -3.13 points, or -5.48%, and closed at 54.00 on Thursday, June 18, 2026. Weekly volume was 22% above average.

Long-term trend: [See BMY long-term trend chart]
A long-term downtrend had started on December 1, 2022 at 81.44 and reached 39.35 on July 5, 2024. BMY lost 42.09 points, or 51.68%, in 83 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (44.04) 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 March 2, 2026 at 62.89 and reached 53.44 on June 18, 2026. BMY lost 9.45 points, or 15.03%, in 15 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (54.53) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 support in a medium-term trend.

Weekly Technical Indicators: [See BMY weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since April 10, 2026. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See BMY short-term trend chart]
A short-term downtrend had started on June 5, 2026 at 57.82 and reached 53.44 on June 18, 2026. BMY lost 4.38 points, or 7.58%, in 13 days. The price is now at the 12.79% 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 below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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) 38.38
Williams' Percentage Range (W%R) 74.20
Lane's Stochastic (%D-Slow) 37.01
Greed/Fear Indicator (GFI) 33.74
Moving Average Converg./Diverg. (MACD) -0.46
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.77
Williams' Percentage Range (W%R) 81.40
Oversold
Lane's Stochastic (%D-Slow) 29.23
Greed/Fear Indicator (GFI) 31.47
Moving Average Converg./Diverg. (MACD) 1.69
Trading Signals
Description Value Chart
Monthly Trendline Resistance 60.20
Upper Bollinger Band 59.22
Parabolic System 57.66
50 Day Moving Average 57.37
20 Day Moving Average 56.49
Weekly Stochastic Crossing 55.54
Monthly Trendline Support 54.53
Daily Stochastic Crossing 54.52
Price 54.00
Lower Bollinger Band 53.37
Yearly Trendline Resistance 53.13
Yearly Trendline Support 44.04
Sector and Industry
Description Name Rank
Sector Health Care 5
Industry Health Care Distributors 60
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 57.82
High Date 06/05/2026
Low 53.44
Low Date 06/18/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 60.25
High Date 05/22/2026
Low 53.44
Low Date 06/18/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 60.20
Support 54.53
High 62.89
High Date 03/02/2026
Low 53.44
Low Date 06/18/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.52
Low Date 10/29/2025
High 62.89
High Date 03/02/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 53.13
Support 44.04
High 81.44
High Date 12/01/2022
Low 39.35
Low Date 07/05/2024
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.