BRISTOL-MYERS SQUIBB CO. - 1H - Technical analysis published on 07/11/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 77.67 USD
My targets
74.52 USD (-1.10%)
73.11 USD (-2.97%)
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 77.67 USD. The next support located at 74.52 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 73.11 USD. Below this support, sellers could then target 72.11 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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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. price is 75.35 USD. On the day, this instrument lost -0.04% and was between 75.27 USD and 75.99 USD. This implies that the price is at +0.11% from its lowest and at -0.84% from its highest.75.27
75.99
75.35
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of BRISTOL-MYERS SQUIBB CO. indicates that the overall trend is strongly bearish. The signals given by moving averages are 82.14% 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.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 4 are neutral and 9 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 72.11 | 73.11 | 74.52 | 75.35 | 75.43 | 77.67 | 80.02 |
Change (%) | -4.30% | -2.97% | -1.10% | - | +0.11% | +3.08% | +6.20% |
Change | -3.24 | -2.24 | -0.83 | - | +0.08 | +2.32 | +4.67 |
Level | Major | Intermediate | Intermediate | - | Minor | Major | Major |
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 | 73.32 | 73.99 | 74.69 | 75.36 | 76.06 | 76.73 | 77.43 |
Camarilla | 75.00 | 75.13 | 75.25 | 75.38 | 75.51 | 75.63 | 75.76 |
Woodie | 73.33 | 74.00 | 74.70 | 75.37 | 76.07 | 76.74 | 77.44 |
Fibonacci | 73.99 | 74.52 | 74.84 | 75.36 | 75.89 | 76.21 | 76.73 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 71.82 | 73.22 | 74.30 | 75.70 | 76.78 | 78.18 | 79.26 |
Camarilla | 74.70 | 74.93 | 75.15 | 75.38 | 75.61 | 75.84 | 76.06 |
Woodie | 71.66 | 73.14 | 74.14 | 75.62 | 76.62 | 78.10 | 79.10 |
Fibonacci | 73.22 | 74.17 | 74.75 | 75.70 | 76.65 | 77.23 | 78.18 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 63.32 | 67.27 | 72.13 | 76.08 | 80.94 | 84.89 | 89.75 |
Camarilla | 74.58 | 75.39 | 76.19 | 77.00 | 77.81 | 78.62 | 79.42 |
Woodie | 63.79 | 67.50 | 72.60 | 76.31 | 81.41 | 85.12 | 90.22 |
Fibonacci | 67.27 | 70.63 | 72.71 | 76.08 | 79.44 | 81.52 | 84.89 |
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): | 43.35 | |
MACD (12,26,9): | -0.1900 | |
Directional Movement: | -5.03 | |
AROON (14): | 7.14 | |
DEMA (21): | 75.38 | |
Parabolic SAR (0,02-0,02-0,2): | 75.96 | |
Elder Ray (13): | -0.13 | |
Super Trend (3,10): | 76.45 | |
Zig ZAG (10): | 75.34 | |
VORTEX (21): | 0.9200 | |
Stochastique (14,3,5): | 49.03 | |
TEMA (21): | 75.44 | |
Williams %R (14): | -53.28 | |
Chande Momentum Oscillator (20): | -0.05 | |
Repulse (5,40,3): | -0.6700 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0400 | |
Courbe Coppock: | 0.52 |
MA7: | 75.99 | |
MA20: | 75.63 | |
MA50: | 75.66 | |
MA100: | 73.43 | |
MAexp7: | 75.50 | |
MAexp20: | 75.66 | |
MAexp50: | 76.04 | |
MAexp100: | 76.09 | |
Price / MA7: | -0.84% | |
Price / MA20: | -0.37% | |
Price / MA50: | -0.41% | |
Price / MA100: | +2.61% | |
Price / MAexp7: | -0.20% | |
Price / MAexp20: | -0.41% | |
Price / MAexp50: | -0.91% | |
Price / MAexp100: | -0.97% |
Quotes :
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15 min delayed data
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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:
- Bristol Myers Squibb Completes Acquisition of MyoKardia, Strengthening Company’s Leading Cardiovascular Franchise
- Bristol Myers Squibb and MyoKardia Announce Expiration of HSR Act Waiting Period
- Thinking about buying stock in Apple, Bristol-Myers Squibb, Cronos Group, Coca-Cola, or Walgreens Boots Alliance?
- Bristol hospital introduces 'zero tolerance' policy on staff abuse
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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