BRISTOL-MYERS SQUIBB CO. - 1H - Technical analysis published on 06/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 41.87 USD
My targets
40.25 USD (-1.32%)
37.50 USD (-8.07%)
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 41.87 USD. The next support located at 40.25 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 37.50 USD. Below this support, sellers could then target 23.59 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.1
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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 40.79 USD. The price is lower by -0.05% since the last closing and was traded between 39.63 USD and 40.88 USD over the period. The price is currently at +2.93% from its lowest and -0.22% from its highest.39.63
40.88
40.79
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:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of BRISTOL-MYERS SQUIBB CO. in 1H shows an overall bearish trend. The signals given by moving averages are 78.57% 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.
In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 5 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
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 | 37.50 | 40.25 | 40.72 | 40.79 | 41.87 | 43.19 | 44.65 |
| Change (%) | -8.07% | -1.32% | -0.17% | - | +2.65% | +5.88% | +9.46% |
| Change | -3.29 | -0.54 | -0.07 | - | +1.08 | +2.40 | +3.86 |
| Level | Major | Major | Intermediate | - | Intermediate | Intermediate | Major |
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 | 39.04 | 39.56 | 40.19 | 40.71 | 41.34 | 41.86 | 42.49 |
| Camarilla | 40.49 | 40.60 | 40.71 | 40.81 | 40.92 | 41.02 | 41.13 |
| Woodie | 39.09 | 39.59 | 40.24 | 40.74 | 41.39 | 41.89 | 42.54 |
| Fibonacci | 39.56 | 40.00 | 40.27 | 40.71 | 41.15 | 41.42 | 41.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.80 | 39.27 | 40.24 | 41.71 | 42.68 | 44.15 | 45.12 |
| Camarilla | 40.53 | 40.75 | 40.98 | 41.20 | 41.42 | 41.65 | 41.87 |
| Woodie | 37.54 | 39.15 | 39.98 | 41.59 | 42.42 | 44.03 | 44.86 |
| Fibonacci | 39.27 | 40.21 | 40.78 | 41.71 | 42.65 | 43.22 | 44.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.95 | 36.43 | 38.76 | 42.24 | 44.57 | 48.05 | 50.38 |
| Camarilla | 39.49 | 40.03 | 40.56 | 41.09 | 41.62 | 42.16 | 42.69 |
| Woodie | 32.38 | 36.14 | 38.19 | 41.95 | 44.00 | 47.76 | 49.81 |
| Fibonacci | 36.43 | 38.65 | 40.02 | 42.24 | 44.46 | 45.83 | 48.05 |
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): | 44.87 | |
| MACD (12,26,9): | -0.2500 | |
| Directional Movement: | -24.62 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 40.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 41.05 | |
| Elder Ray (13): | -0.16 | |
| Super Trend (3,10): | 41.49 | |
| Zig ZAG (10): | 40.70 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 53.58 | |
| TEMA (21): | 40.48 | |
| Williams %R (14): | -33.54 | |
| Chande Momentum Oscillator (20): | -0.16 | |
| Repulse (5,40,3): | 1.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 2.18 |
| MA7: | 41.52 | |
| MA20: | 41.37 | |
| MA50: | 44.07 | |
| MA100: | 47.34 | |
| MAexp7: | 40.70 | |
| MAexp20: | 40.90 | |
| MAexp50: | 41.26 | |
| MAexp100: | 41.54 | |
| Price / MA7: | -1.76% | |
| Price / MA20: | -1.40% | |
| Price / MA50: | -7.44% | |
| Price / MA100: | -13.84% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -1.14% | |
| Price / MAexp100: | -1.81% |
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:
- ASPIRE: Our Commitment To Address Health Inequities in Low- and Middle-Income Countries
- Bristol Myers Squibb Announces 10-Year Strategy to Reach More Patients in Low- and Middle-Income Countries
- Building a Better Future: Bristol Myers Squibb 2023 ESG Report
- Bristol Myers Squibb Releases 2023 ESG Report Demonstrating Progress and Setting New Long-Term Goals
- Bristol Myers Squibb Releases 2023 Environmental, Social and Governance Report Demonstrating Progress and Setting New Long-Term Goals
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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