BRISTOL-MYERS SQUIBB CO.

619.30 USD (-2.84%)

03/28/2025 - 23:20 Open 15 min delayed data - NYSE Stocks

Open:	637.38
Change:	-18.11
Volume:	16,544

Low:	615.48
High:	638.98
High / Low range:	23.50

Type:	Stocks
Ticker:	BMY
ISIN:

BRISTOL-MYERS SQUIBB CO. - Daily - Technical analysis published on 09/27/2024 (GMT)

124
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09/27/2024 - 15:35
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Timeframe : Daily
- Analysis generated on 09/27/2024 - 15:35
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

11%

My opinion

Bullish above 50.49 USD

My targets

53.07 USD (+2.59%)

60.29 USD (+16.55%)

My analysis

BRISTOL-MYERS SQUIBB CO. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 50.49 USD. The next resistance located at 53.07 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 60.29 USD. After this resistance, buyers could then target 67.69 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem 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

8.2

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

BRISTOL-MYERS SQUIBB CO. rating 51.73 USD. On the day, this instrument gained +3.21% and was traded between 50.71 USD and 52.16 USD over the period. The price is currently at +2.01% from its lowest and -0.82% from its highest.

50.71

52.16

51.73

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

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this BRISTOL-MYERS SQUIBB CO. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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 increase is high given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	46.72	49.21	50.49	51.73	53.07	60.29	67.69
Change (%)	-9.68%	-4.87%	-2.40%	-	+2.59%	+16.55%	+30.85%
Change	-5.01	-2.52	-1.24	-	+1.34	+8.56	+15.96
Level	Major	Major	Major	-	Intermediate	Intermediate	Minor

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	48.88	49.30	49.71	50.13	50.54	50.96	51.37
Camarilla	49.89	49.97	50.04	50.12	50.20	50.27	50.35
Woodie	48.88	49.30	49.71	50.13	50.54	50.96	51.37
Fibonacci	49.30	49.62	49.81	50.13	50.45	50.64	50.96

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	47.03	47.90	48.66	49.53	50.29	51.16	51.92
Camarilla	48.96	49.11	49.26	49.41	49.56	49.71	49.86
Woodie	46.97	47.87	48.60	49.50	50.23	51.13	51.86
Fibonacci	47.90	48.53	48.91	49.53	50.16	50.54	51.16

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	43.35	44.78	47.37	48.80	51.39	52.82	55.41
Camarilla	48.85	49.21	49.58	49.95	50.32	50.69	51.06
Woodie	43.92	45.07	47.94	49.09	51.96	53.11	55.98
Fibonacci	44.78	46.32	47.27	48.80	50.34	51.29	52.82

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):	62.21
MACD (12,26,9):	0.6700
Directional Movement:	15.20
AROON (14):	100.00
DEMA (21):	50.50
Parabolic SAR (0,02-0,02-0,2):	48.35
Elder Ray (13):	1.52
Super Trend (3,10):	47.61
Zig ZAG (10):	51.37
VORTEX (21):	1.0700
Stochastique (14,3,5):	70.72
TEMA (21):	50.37
Williams %R (14):	-17.39
Chande Momentum Oscillator (20):	2.79
Repulse (5,40,3):	-0.4100
ROCnROLL:	1
TRIX (15,9):	0.1700
Courbe Coppock:	4.29

MA7:	50.11
MA20:	49.63
MA50:	48.39
MA100:	44.91
MAexp7:	50.29
MAexp20:	49.60
MAexp50:	48.12
MAexp100:	47.05
Price / MA7:	+3.23%
Price / MA20:	+4.23%
Price / MA50:	+6.90%
Price / MA100:	+15.19%
Price / MAexp7:	+2.86%
Price / MAexp20:	+4.29%
Price / MAexp50:	+7.50%
Price / MAexp100:	+9.95%

Quotes : 09/27/2024 - 15:19 - 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:

07/25/2024 - 09:45 Bristol Myers Squibb Promotes Health Equity with 100 Percent of Marketed Products Now Supported by Access Plans
07/22/2024 - 09:45 Bristol Myers Squibb's Commitment to Environment, Social and Governance: Our Progress & Aspirational Goals
07/18/2024 - 09:15 Bristol Myers Squibb Reaches Major Milestone in Environmental Sustainability
06/28/2024 - 15:40 Bristol Myers Squibb Named to Dow Jones Sustainability Index North America
05/28/2024 - 10:15 ASPIRE: Our Commitment To Address Health Inequities in Low- and Middle-Income Countries

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

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