BRISTOL-MYERS SQUIBB CO. - 1H - Technical analysis published on 08/05/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 74.67 USD
My targets
69.41 USD (-3.74%)
64.19 USD (-10.97%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BRISTOL-MYERS SQUIBB CO. as long as the price remains well below 74.67 USD. The sellers' bearish objective is set at 69.41 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 64.19 USD. In case of crossing, the next objective would be the support located at 61.30 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BRISTOL-MYERS SQUIBB CO. rating is 72.10 USD. On the day, this instrument lost -0.03% and was traded between 71.71 USD and 72.36 USD over the period. The price is currently at +0.54% from its lowest and -0.36% from its highest.71.71
72.36
72.10
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BRISTOL-MYERS SQUIBB CO. indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 3 are neutral and 10 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 52.40 | 61.30 | 64.19 | 72.10 | 72.11 | 74.67 | 75.80 |
| Change (%) | -27.32% | -14.98% | -10.97% | - | +0.01% | +3.56% | +5.13% |
| Change | -19.70 | -10.80 | -7.91 | - | +0.01 | +2.57 | +3.70 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.76 | 71.37 | 71.74 | 72.35 | 72.72 | 73.33 | 73.70 |
| Camarilla | 71.85 | 71.94 | 72.03 | 72.12 | 72.21 | 72.30 | 72.39 |
| Woodie | 70.65 | 71.31 | 71.63 | 72.29 | 72.61 | 73.27 | 73.59 |
| Fibonacci | 71.37 | 71.74 | 71.97 | 72.35 | 72.72 | 72.95 | 73.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.41 | 70.83 | 72.31 | 73.73 | 75.21 | 76.63 | 78.11 |
| Camarilla | 72.98 | 73.25 | 73.51 | 73.78 | 74.05 | 74.31 | 74.58 |
| Woodie | 69.43 | 70.85 | 72.33 | 73.75 | 75.23 | 76.65 | 78.13 |
| Fibonacci | 70.83 | 71.94 | 72.63 | 73.73 | 74.84 | 75.53 | 76.63 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.82 | 69.54 | 71.66 | 74.38 | 76.50 | 79.22 | 81.34 |
| Camarilla | 72.45 | 72.89 | 73.34 | 73.78 | 74.22 | 74.67 | 75.11 |
| Woodie | 66.52 | 69.39 | 71.36 | 74.23 | 76.20 | 79.07 | 81.04 |
| Fibonacci | 69.54 | 71.39 | 72.53 | 74.38 | 76.23 | 77.37 | 79.22 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.26 | |
| MACD (12,26,9): | -0.4200 | |
| Directional Movement: | -14.57 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 72.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 72.46 | |
| Elder Ray (13): | -0.24 | |
| Super Trend (3,10): | 73.30 | |
| Zig ZAG (10): | 72.18 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 25.00 | |
| TEMA (21): | 71.93 | |
| Williams %R (14): | -72.78 | |
| Chande Momentum Oscillator (20): | -0.64 | |
| Repulse (5,40,3): | 0.3500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 3.01 |
| MA7: | 73.25 | |
| MA20: | 73.72 | |
| MA50: | 74.83 | |
| MA100: | 74.63 | |
| MAexp7: | 72.26 | |
| MAexp20: | 72.69 | |
| MAexp50: | 73.20 | |
| MAexp100: | 73.59 | |
| Price / MA7: | -1.57% | |
| Price / MA20: | -2.20% | |
| Price / MA50: | -3.65% | |
| Price / MA100: | -3.39% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.81% | |
| Price / MAexp50: | -1.50% | |
| Price / MAexp100: | -2.02% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on BRISTOL-MYERS SQUIBB CO. at the time of the analysis were as follows:
- Bristol Myers Squibb Completes Acquisition of MyoKardia, Strengthening Company’s Leading Cardiovascular Franchise
- Bristol Myers Squibb and MyoKardia Announce Expiration of HSR Act Waiting Period
- Thinking about buying stock in Apple, Bristol-Myers Squibb, Cronos Group, Coca-Cola, or Walgreens Boots Alliance?
-
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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