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. - 1H - Technical analysis published on 03/22/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

11%

My opinion

Bullish above 51.27 USD

My targets

53.80 USD (+2.85%)

54.68 USD (+4.53%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BRISTOL-MYERS SQUIBB CO. as long as the price remains well above 51.27 USD. The buyers' bullish objective is set at 53.80 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 54.68 USD. If there is any crossing, the next objective would be the resistance located at 56.71 USD.

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

5.4

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.

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 52.31 USD. On the day, this instrument gained +1.40% with the lowest point at 51.52 USD and the highest point at 52.45 USD. The deviation from the price is +1.53% for the low point and -0.27% for the high point.

51.52

52.45

52.31

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

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 BRISTOL-MYERS SQUIBB CO. in 1H shows an overall bullish trend. 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 : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	50.54	51.27	52.23	52.31	53.80	54.68	56.71
Change (%)	-3.38%	-1.99%	-0.15%	-	+2.85%	+4.53%	+8.41%
Change	-1.77	-1.04	-0.08	-	+1.49	+2.37	+4.40
Level	Major	Intermediate	Major	-	Minor	Intermediate	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	50.13	50.84	51.22	51.93	52.31	53.02	53.40
Camarilla	51.29	51.39	51.49	51.59	51.69	51.79	51.89
Woodie	49.96	50.76	51.05	51.85	52.14	52.94	53.23
Fibonacci	50.84	51.26	51.52	51.93	52.35	52.61	53.02

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	47.87	49.84	51.09	53.06	54.31	56.28	57.53
Camarilla	51.46	51.75	52.05	52.34	52.64	52.93	53.23
Woodie	47.51	49.66	50.73	52.88	53.95	56.10	57.17
Fibonacci	49.84	51.07	51.83	53.06	54.29	55.05	56.28

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):	56.69
MACD (12,26,9):	-0.0100
Directional Movement:	8.43
AROON (14):	-50.00
DEMA (21):	51.92
Parabolic SAR (0,02-0,02-0,2):	52.45
Elder Ray (13):	0.34
Super Trend (3,10):	52.62
Zig ZAG (10):	52.36
VORTEX (21):	1.0900
Stochastique (14,3,5):	71.22
TEMA (21):	52.12
Williams %R (14):	-23.91
Chande Momentum Oscillator (20):	0.42
Repulse (5,40,3):	0.7200
ROCnROLL:	1
TRIX (15,9):	-0.0300
Courbe Coppock:	0.76

MA7:	52.01
MA20:	52.11
MA50:	50.65
MA100:	50.52
MAexp7:	52.10
MAexp20:	51.99
MAexp50:	52.21
MAexp100:	52.18
Price / MA7:	+0.58%
Price / MA20:	+0.38%
Price / MA50:	+3.28%
Price / MA100:	+3.54%
Price / MAexp7:	+0.40%
Price / MAexp20:	+0.62%
Price / MAexp50:	+0.19%
Price / MAexp100:	+0.25%

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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