BRISTOL-MYERS SQUIBB CO.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

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Type:	Stocks
Ticker:	BMY
ISIN:

BRISTOL-MYERS SQUIBB CO. - Daily - Technical analysis published on 03/05/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 50.54 USD

My targets

56.71 USD (+8.99%)

59.47 USD (+14.30%)

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 50.54 USD, a purchase could be considered. The first bullish objective is located at 56.71 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 59.47 USD as an objective. Crossing it would then enable buyers to target 61.92 USD. In the event of a return below 50.54 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.1

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. price is 52.03 USD. On the day, this instrument gained +2.18% and was between 50.99 USD and 52.11 USD. This implies that the price is at +2.04% from its lowest and at -0.15% from its highest.

50.99

52.11

52.03

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

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

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of BRISTOL-MYERS SQUIBB CO. indicates that the overall trend is bullish. The signals returned by the moving averages are 64.29% bullish. This bullish 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	37.93	47.92	50.54	52.03	52.23	56.71	59.47
Change (%)	-27.10%	-7.90%	-2.86%	-	+0.38%	+8.99%	+14.30%
Change	-14.10	-4.11	-1.49	-	+0.20	+4.68	+7.44
Level	Major	Major	Major	-	Major	Minor	Minor

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	48.89	49.81	50.36	51.28	51.83	52.75	53.30
Camarilla	50.52	50.65	50.79	50.92	51.06	51.19	51.32
Woodie	48.72	49.72	50.19	51.19	51.66	52.66	53.13
Fibonacci	49.81	50.37	50.72	51.28	51.84	52.19	52.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	48.60	49.38	50.13	50.91	51.66	52.44	53.19
Camarilla	50.47	50.61	50.75	50.89	51.03	51.17	51.31
Woodie	48.60	49.37	50.13	50.90	51.66	52.43	53.19
Fibonacci	49.38	49.96	50.32	50.91	51.49	51.85	52.44

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	43.91	45.74	48.25	50.08	52.59	54.42	56.93
Camarilla	49.56	49.95	50.35	50.75	51.15	51.55	51.94
Woodie	44.24	45.91	48.58	50.25	52.92	54.59	57.26
Fibonacci	45.74	47.40	48.43	50.08	51.74	52.77	54.42

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):	64.18
MACD (12,26,9):	0.4100
Directional Movement:	19.83
AROON (14):	92.86
DEMA (21):	50.91
Parabolic SAR (0,02-0,02-0,2):	50.44
Elder Ray (13):	0.82
Super Trend (3,10):	48.44
Zig ZAG (10):	52.04
VORTEX (21):	1.1200
Stochastique (14,3,5):	78.04
TEMA (21):	51.39
Williams %R (14):	-4.94
Chande Momentum Oscillator (20):	2.56
Repulse (5,40,3):	1.5600
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	7.86

MA7:	50.93
MA20:	50.17
MA50:	50.28
MA100:	50.84
MAexp7:	51.08
MAexp20:	50.49
MAexp50:	50.44
MAexp100:	51.86
Price / MA7:	+2.16%
Price / MA20:	+3.71%
Price / MA50:	+3.48%
Price / MA100:	+2.34%
Price / MAexp7:	+1.86%
Price / MAexp20:	+3.05%
Price / MAexp50:	+3.15%
Price / MAexp100:	+0.33%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on BRISTOL-MYERS SQUIBB CO. at the time of the analysis were as follows:

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

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Londinia AI

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