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Archive
- 6/6/2025 -
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Bristol-Myers Squibb (BMY) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a fourth consecutive positive week for the Bristol-Myers Squibb (BMY). During the week, the BMY climbed 0.13 points, or 0.27%, and closed at 48.41 on Friday, June 6, 2025. BMY was trading at average weekly trading volume.
 Long-term trend: [See BMY long-term trend chart]
A long-term uptrend had started on July 5, 2024 at 39.35 and reached 63.33 on March 11, 2025. BMY gained -23.98 points, or -60.94%, in 35 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (57.89) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.
 Medium-term trend: [See BMY medium-term trend chart]
A medium-term downtrend had started on March 11, 2025 at 63.33 and reached 44.00 on May 14, 2025. BMY lost 19.33 points, or 30.52%, in 9 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See BMY weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since March 21, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 May 14, 2025 at 44.00 and reached 48.93 on June 3, 2025. BMY gained -4.93 points, or -11.20%, in 20 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 47.92 and resistance is at 49.15. 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 short-term trend.
 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. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since May 15, 2025. This is an indication that the short-term trend is up.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Health Care |
3 |
| Industry |
Health Care Distributors |
56 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
47.73 |
| Low Date |
06/05/2025 |
| High |
48.68 |
| High Date |
06/06/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Valid |
| Resistance |
49.15 |
| Support |
47.92 |
| Low |
44.00 |
| Low Date |
05/14/2025 |
| High |
48.93 |
| High Date |
06/03/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
63.33 |
| High Date |
03/11/2025 |
| Low |
44.00 |
| Low Date |
05/14/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Support |
| Resistance |
67.86 |
| Support |
57.89 |
| Low |
39.35 |
| Low Date |
07/05/2024 |
| High |
63.33 |
| High Date |
03/11/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
81.44 |
| High Date |
12/01/2022 |
| Low |
39.35 |
| Low Date |
07/05/2024 |
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