BRISTOL-MYERS SQUIBB CO.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	BMY
ISIN:

BRISTOL-MYERS SQUIBB CO. - Daily - Technical analysis published on 08/13/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

72%

22%

My opinion

Bullish above 46.70 USD

My targets

50.41 USD (+2.94%)

53.07 USD (+8.37%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on BRISTOL-MYERS SQUIBB CO.. This is a positive signal for buyers. As long as the price remains above 46.70 USD, a purchase could be considered. The first bullish objective is located at 50.41 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 53.07 USD as an objective. Crossing it would then enable buyers to target 60.29 USD. In the event of a return below 46.70 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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

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.

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Additional analysis

Quotes

BRISTOL-MYERS SQUIBB CO. rating 48.97 USD. On the day, this instrument gained +4.06% and was between 47.48 USD and 48.99 USD. This implies that the price is at +3.14% from its lowest and at -0.04% from its highest.

47.48

48.99

48.97

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BRISTOL-MYERS SQUIBB CO.:

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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this BRISTOL-MYERS SQUIBB CO. chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	41.13	43.08	46.70	48.97	49.21	50.41	53.07
Change (%)	-16.01%	-12.03%	-4.64%	-	+0.49%	+2.94%	+8.37%
Change	-7.84	-5.89	-2.27	-	+0.24	+1.44	+4.10
Level	Intermediate	Minor	Major	-	Major	Major	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	45.55	46.01	46.54	47.00	47.53	47.99	48.52
Camarilla	46.79	46.88	46.97	47.06	47.15	47.24	47.33
Woodie	45.58	46.03	46.57	47.02	47.56	48.01	48.55
Fibonacci	46.01	46.39	46.63	47.00	47.38	47.62	47.99

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	43.19	44.71	45.71	47.23	48.23	49.75	50.75
Camarilla	46.03	46.26	46.49	46.72	46.95	47.18	47.41
Woodie	42.94	44.58	45.46	47.10	47.98	49.62	50.50
Fibonacci	44.71	45.67	46.26	47.23	48.19	48.78	49.75

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.04	34.19	40.88	46.03	52.72	57.87	64.56
Camarilla	44.30	45.39	46.48	47.56	48.65	49.73	50.82
Woodie	29.80	34.58	41.64	46.42	53.48	58.26	65.32
Fibonacci	34.19	38.72	41.51	46.03	50.56	53.35	57.87

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):	65.29
MACD (12,26,9):	1.4400
Directional Movement:	19.69
AROON (14):	21.43
DEMA (21):	48.16
Parabolic SAR (0,02-0,02-0,2):	50.53
Elder Ray (13):	1.23
Super Trend (3,10):	45.06
Zig ZAG (10):	48.90
VORTEX (21):	1.1200
Stochastique (14,3,5):	55.43
TEMA (21):	48.81
Williams %R (14):	-33.73
Chande Momentum Oscillator (20):	-1.52
Repulse (5,40,3):	2.7200
ROCnROLL:	1
TRIX (15,9):	0.5400
Courbe Coppock:	15.37

MA7:	47.28
MA20:	46.38
MA50:	43.05
MA100:	44.54
MAexp7:	47.54
MAexp20:	46.24
MAexp50:	44.59
MAexp100:	45.03
Price / MA7:	+3.57%
Price / MA20:	+5.58%
Price / MA50:	+13.75%
Price / MA100:	+9.95%
Price / MAexp7:	+3.01%
Price / MAexp20:	+5.90%
Price / MAexp50:	+9.82%
Price / MAexp100:	+8.75%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on BRISTOL-MYERS SQUIBB CO.. At the time of publication of this analysis, the latest news was as follows:

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

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