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 10/24/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 58.36 USD

My targets

51.13 USD (-8.68%)

41.90 USD (-25.17%)

My analysis

The bearish trend is currently very strong for BRISTOL-MYERS SQUIBB CO.. As long as the price remains below the resistance at 58.36 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 51.13 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 41.90 USD as an objective. Crossing it would then enable sellers to target 38.37 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

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 55.99 USD. On the day, this instrument lost -0.02% with the lowest point at 55.88 USD and the highest point at 56.68 USD. The deviation from the price is +0.20% for the low point and -1.22% for the high point.

55.88

56.68

55.99

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BRISTOL-MYERS SQUIBB CO. in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Near horizontal support

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Black hanging man / hammer

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	41.90	51.13	55.31	55.99	58.36	60.16	62.64
Change (%)	-25.17%	-8.68%	-1.21%	-	+4.23%	+7.45%	+11.88%
Change	-14.09	-4.86	-0.68	-	+2.37	+4.17	+6.65
Level	Minor	Major	Intermediate	-	Intermediate	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	54.99	55.48	55.74	56.23	56.49	56.98	57.24
Camarilla	55.79	55.86	55.93	56.00	56.07	56.14	56.21
Woodie	54.88	55.42	55.63	56.17	56.38	56.92	57.13
Fibonacci	55.48	55.77	55.94	56.23	56.52	56.69	56.98

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.64	54.68	55.57	56.61	57.50	58.54	59.43
Camarilla	55.93	56.11	56.28	56.46	56.64	56.81	56.99
Woodie	53.57	54.64	55.50	56.57	57.43	58.50	59.36
Fibonacci	54.68	55.42	55.87	56.61	57.35	57.80	58.54

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	51.51	54.56	56.30	59.35	61.09	64.14	65.88
Camarilla	56.72	57.16	57.60	58.04	58.48	58.92	59.36
Woodie	50.86	54.23	55.65	59.02	60.44	63.81	65.23
Fibonacci	54.56	56.39	57.52	59.35	61.18	62.31	64.14

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	32.08
MACD (12,26,9):	-0.7900
Directional Movement:	-18.04
AROON (14):	42.86
DEMA (21):	55.95
Parabolic SAR (0,02-0,02-0,2):	57.54
Elder Ray (13):	-0.38
Super Trend (3,10):	58.78
Zig ZAG (10):	55.90
VORTEX (21):	0.8300
Stochastique (14,3,5):	19.89
TEMA (21):	55.97
Williams %R (14):	-89.80
Chande Momentum Oscillator (20):	-0.77
Repulse (5,40,3):	-2.2300
ROCnROLL:	2
TRIX (15,9):	-0.2200
Courbe Coppock:	3.33

MA7:	56.61
MA20:	56.88
MA50:	59.12
MA100:	61.12
MAexp7:	56.39
MAexp20:	57.07
MAexp50:	58.70
MAexp100:	60.93
Price / MA7:	-1.10%
Price / MA20:	-1.56%
Price / MA50:	-5.29%
Price / MA100:	-8.39%
Price / MAexp7:	-0.71%
Price / MAexp20:	-1.89%
Price / MAexp50:	-4.62%
Price / MAexp100:	-8.11%

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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