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 05/17/2024 (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

33%

44%

22%

My opinion

Bearish under 47.41 USD

My targets

40.71 USD (-7.69%)

37.50 USD (-14.97%)

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 47.41 USD. The sellers' bearish objective is set at 40.71 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 37.50 USD. In case of crossing, the next objective would be the support located at 18.56 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

6.4

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. price is 44.10 USD. The price is lower by -0.02% since the last closing with the lowest point at 43.73 USD and the highest point at 44.30 USD. The deviation from the price is +0.85% for the low point and -0.45% for the high point.

43.73

44.30

44.10

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this BRISTOL-MYERS SQUIBB CO. chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 6 are bullish, 4 are neutral and 8 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Near support of channel

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.25	18.56	37.50	44.10	44.65	47.41	49.96
Change (%)	-69.95%	-57.91%	-14.97%	-	+1.25%	+7.51%	+13.29%
Change	-30.85	-25.54	-6.60	-	+0.55	+3.31	+5.86
Level	Minor	Minor	Major	-	Major	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42.83	43.26	43.68	44.11	44.53	44.96	45.38
Camarilla	43.88	43.95	44.03	44.11	44.19	44.27	44.34
Woodie	42.84	43.26	43.69	44.11	44.54	44.96	45.39
Fibonacci	43.26	43.58	43.78	44.11	44.43	44.63	44.96

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42.48	42.99	43.96	44.47	45.44	45.95	46.92
Camarilla	44.53	44.67	44.80	44.94	45.08	45.21	45.35
Woodie	42.72	43.11	44.20	44.59	45.68	46.07	47.16
Fibonacci	42.99	43.55	43.90	44.47	45.03	45.38	45.95

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.03	37.48	40.71	47.16	50.39	56.84	60.07
Camarilla	41.28	42.17	43.05	43.94	44.83	45.72	46.60
Woodie	29.42	36.68	39.10	46.36	48.78	56.04	58.46
Fibonacci	37.48	41.18	43.46	47.16	50.86	53.14	56.84

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):	33.50
MACD (12,26,9):	-1.2100
Directional Movement:	-14.57
AROON (14):	57.14
DEMA (21):	43.62
Parabolic SAR (0,02-0,02-0,2):	45.67
Elder Ray (13):	-0.72
Super Trend (3,10):	46.59
Zig ZAG (10):	44.10
VORTEX (21):	0.8400
Stochastique (14,3,5):	39.13
TEMA (21):	43.48
Williams %R (14):	-66.56
Chande Momentum Oscillator (20):	-0.09
Repulse (5,40,3):	-1.2800
ROCnROLL:	2
TRIX (15,9):	-0.4500
Courbe Coppock:	6.18

MA7:	44.60
MA20:	45.04
MA50:	48.68
MA100:	49.23
MAexp7:	44.40
MAexp20:	45.34
MAexp50:	47.36
MAexp100:	49.08
Price / MA7:	-1.12%
Price / MA20:	-2.09%
Price / MA50:	-9.41%
Price / MA100:	-10.42%
Price / MAexp7:	-0.68%
Price / MAexp20:	-2.73%
Price / MAexp50:	-6.88%
Price / MAexp100:	-10.15%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on BRISTOL-MYERS SQUIBB CO. at the time of the analysis were as follows:

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

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