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 12/04/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

50%

22%

28%

My opinion

Bearish under 51.13 USD

My targets

48.48 USD (-3.19%)

41.90 USD (-16.33%)

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 51.13 USD. The next support located at 48.48 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 41.90 USD. Below this support, sellers could then target 38.37 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

5.2

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

The BRISTOL-MYERS SQUIBB CO. rating is 50.08 USD. The price is lower by -0.04% since the last closing and was between 49.95 USD and 50.76 USD. This implies that the price is at +0.26% from its lowest and at -1.34% from its highest.

49.95

50.76

50.08

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

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

Technical analysis of BRISTOL-MYERS SQUIBB CO. in Daily shows a overall strongly 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 scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

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

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Near resistance of channel

Type : Bearish

Timeframe : Daily

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

White gravestone / inverted hammer

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	38.37	41.90	48.48	50.08	51.13	58.36	62.64
Change (%)	-23.38%	-16.33%	-3.19%	-	+2.10%	+16.53%	+25.08%
Change	-11.71	-8.18	-1.60	-	+1.05	+8.28	+12.56
Level	Major	Intermediate	Major	-	Major	Intermediate	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	48.04	48.49	49.29	49.74	50.54	50.99	51.79
Camarilla	49.76	49.87	49.99	50.10	50.22	50.33	50.44
Woodie	48.23	48.58	49.48	49.83	50.73	51.08	51.98
Fibonacci	48.49	48.96	49.26	49.74	50.21	50.51	50.99

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46.91	47.58	48.84	49.51	50.77	51.44	52.70
Camarilla	49.57	49.75	49.92	50.10	50.28	50.45	50.63
Woodie	47.21	47.73	49.14	49.66	51.07	51.59	53.00
Fibonacci	47.58	48.32	48.77	49.51	50.25	50.70	51.44

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	41.94	45.09	47.24	50.39	52.54	55.69	57.84
Camarilla	47.92	48.41	48.89	49.38	49.87	50.35	50.84
Woodie	41.43	44.84	46.73	50.14	52.03	55.44	57.33
Fibonacci	45.09	47.12	48.37	50.39	52.42	53.67	55.69

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):	44.43
MACD (12,26,9):	-1.1700
Directional Movement:	-10.19
AROON (14):	-64.28
DEMA (21):	48.74
Parabolic SAR (0,02-0,02-0,2):	48.25
Elder Ray (13):	0.45
Super Trend (3,10):	51.92
Zig ZAG (10):	50.21
VORTEX (21):	0.9500
Stochastique (14,3,5):	47.42
TEMA (21):	48.99
Williams %R (14):	-44.13
Chande Momentum Oscillator (20):	-1.39
Repulse (5,40,3):	1.8500
ROCnROLL:	-1
TRIX (15,9):	-0.4000
Courbe Coppock:	6.74

MA7:	49.44
MA20:	50.27
MA50:	53.59
MA100:	57.43
MAexp7:	49.66
MAexp20:	50.47
MAexp50:	53.16
MAexp100:	56.53
Price / MA7:	+1.29%
Price / MA20:	-0.38%
Price / MA50:	-6.55%
Price / MA100:	-12.80%
Price / MAexp7:	+0.85%
Price / MAexp20:	-0.77%
Price / MAexp50:	-5.79%
Price / MAexp100:	-11.41%

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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