RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BMY
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Green day on Thursday for Bristol-Myers Squibb
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 20, 2024 Gain 4.53% PDF

The Bristol-Myers Squibb stock price gained 1.84% on the last trading day (Thursday, 28th Mar 2024), rising from $53.25 to $54.23. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.03% from a day low at $53.39 to a day high of $54.48. The price has risen in 7 of the last 10 days and is up by 3.31% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 9 million shares were bought and sold for approximately $509.84 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $54.89 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.75% during the next 3 months and, with a 90% probability hold a price between $51.84 and $57.50 at the end of this 3-month period.

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BMY Signals & Forecast

The Bristol-Myers Squibb stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $52.53 and $51.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 5.12%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Bristol-Myers Squibb stock

Bristol-Myers Squibb finds support from accumulated volume at $51.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.09 (2.03%) between high and low. For the last week, the stock has had daily average volatility of 1.63%.

Our recommended stop-loss: $51.95 (-4.21%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (BMY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Bristol-Myers Squibb Company to open at $54.03, and during the day (based on 14 day Average True Range), to move between $53.19 and $55.27, which gives a possible trading interval of +/-$1.04 (+/-1.92%) up or down from last closing price. If Bristol-Myers Squibb Company takes out the full calculated possible swing range there will be an estimated 3.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $54.36 (0.24%) than the support at $51.59 (4.87%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Bristol-Myers Squibb Company stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bristol-Myers Squibb stock to perform well in the short-term.

Current score: 2.766 Buy Candidate Unchanged

Predicted Opening Price for Bristol-Myers Squibb Company of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$54.03 ( 0.366%) $54.23

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BMY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 55.12 1.64 %
R2 54.70 0.87 %
R1 54.45 0.399 %
Current price: 54.23
Support S1 53.62 -1.13 %
S2 53.36 -1.60 %
S3 52.95 -2.37 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 54.40 0.313 %
R1 54.36 0.240 %
Current price 54.23
Support S1 51.59 -4.87%
S2 50.92 -6.10%
S3 48.71 -10.18%

BMY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 06, 2024 May 06, 2024 Jun 03, 2024 $0.500 0.92%
2 Mar 01, 2024 Apr 04, 2024 May 01, 2024 $0.600 1.11%
3 Dec 06, 2023 Jan 04, 2024 Feb 01, 2024 $0.600 1.23%
4 Sep 20, 2023 Oct 05, 2023 Nov 01, 2023 $0.570 1.11%
5 Jun 14, 2023 Jul 06, 2023 Aug 01, 2023 $0.570 0.93%

FAQ

What is the symbol for Bristol-Myers Squibb Stock and on which exchange is it traded?
The symbol for Bristol-Myers Squibb is BMY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Bristol-Myers Squibb Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bristol-Myers Squibb stock to perform well in the short-term.

How to buy Bristol-Myers Squibb Stock?
Bristol-Myers Squibb Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Bristol-Myers Squibb Stock.

What's the current price of Bristol-Myers Squibb Stock?
As of the end of day on the 2024-03-28, the price of an Bristol-Myers Squibb (BMY) share was $54.23.

What is the 52-week high and low for Bristol-Myers Squibb Stock?
The 52-week high for Bristol-Myers Squibb Stock is $71.07 and the 52-week low is $47.58.

What is the market capitalization of Bristol-Myers Squibb Stock?
As of the 2024-03-28, the market capitalization of Bristol-Myers Squibb is 109.663B.

When is the next earnings date for Bristol-Myers Squibb?
The upcoming earnings date for Bristol-Myers Squibb is Apr 25, 2024.
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About Bristol-Myers Squibb Company

Bristol-Myers Squibb Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, and markets biopharmaceutical products worldwide. It offers products for hematology, oncology, cardiovascular, immunology, fibrotic, neuroscience, and covid-19 diseases. The company's products include Revlimid, an oral immunomodulatory drug for the treatment of multiple myeloma; Eliquis, an oral inhibitor for reduction in risk of stroke/systemic embolism in NVAF, and for th... BMY Profile

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