BRISTOL-MYERS SQUIBB CO.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	BMY
ISIN:

BRISTOL-MYERS SQUIBB CO. - Daily - Technical analysis published on 08/05/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 74.67 USD

My targets

66.82 USD (-7.32%)

64.19 USD (-10.97%)

My analysis

BRISTOL-MYERS SQUIBB CO. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 74.67 USD. The next support located at 66.82 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 64.19 USD. Below this support, sellers could then target 61.30 USD.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

5.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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. The price registered a decrease of -0.03% on the session and was between 71.71 USD and 72.36 USD. This implies that the price is at +0.54% from its lowest and at -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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of BRISTOL-MYERS SQUIBB CO. indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	52.40	61.30	64.19	72.10	72.11	74.67	77.14
Change (%)	-27.32%	-14.98%	-10.97%	-	+0.01%	+3.56%	+6.99%
Change	-19.70	-10.80	-7.91	-	+0.01	+2.57	+5.04
Level	Major	Minor	Major	-	Intermediate	Intermediate	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	36.96
MACD (12,26,9):	-0.6900
Directional Movement:	-5.12
AROON (14):	-100.00
DEMA (21):	72.88
Parabolic SAR (0,02-0,02-0,2):	74.34
Elder Ray (13):	-1.32
Super Trend (3,10):	75.89
Zig ZAG (10):	72.11
VORTEX (21):	0.8700
Stochastique (14,3,5):	12.05
TEMA (21):	72.47
Williams %R (14):	-88.26
Chande Momentum Oscillator (20):	-0.71
Repulse (5,40,3):	-1.2600
ROCnROLL:	2
TRIX (15,9):	-0.1100
Courbe Coppock:	3.25

MA7:	73.23
MA20:	73.72
MA50:	74.82
MA100:	74.63
MAexp7:	72.92
MAexp20:	73.73
MAexp50:	74.31
MAexp100:	73.16
Price / MA7:	-1.54%
Price / MA20:	-2.20%
Price / MA50:	-3.64%
Price / MA100:	-3.39%
Price / MAexp7:	-1.12%
Price / MAexp20:	-2.21%
Price / MAexp50:	-2.97%
Price / MAexp100:	-1.45%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on BRISTOL-MYERS SQUIBB CO. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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