Weaker Buy Today BMY ranks #707 as BUY CANDIDATE #707 Stronger Buy

BMY stock forecast Bristol-Myers Squibb Company

BMY stock forecast

VOLUME
Buy
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

BMY Forecast and Technical Stock Analysis

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Buy candidate since 2019-08-16

Bristol-Myers Squibb Company gained 2.69% in the last trading day ( Friday, 16th Aug 2019 ), rising from $45.75 to $46.98 , and has now gained 3 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 day the stock fluctuated 2.80% from a day low at $45.78 to a day high of $47.06. The price has risen in 6 of the last 10 days and is up by 2.15% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.92 million more shares were traded than the day before. In total, 9.41 million shares bought and sold for approximately $442.11 million.

Quick summary:

  • 30 day high of the BMY stock price was $47.84 and low was $42.48.
  • 90 day high was $49.55 and low was $42.48.
  • 52 week high for Bristol-Myers Squibb Company - $63.69 and low - $42.48.
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Trend

Bristol-Myers Squibb Company lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.59% during the next 3 months and, with 90% probability hold a price between $40.71 and $46.50 at the end of this period.

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Signals

Only positive signals in the chart today. Bristol-Myers Squibb Company holds buy signals from both short- and long-term moving averages. In addition, 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 $46.57 and $45.32. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday August 14, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 60 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Bristol-Myers Squibb Company finds support from accumulated volume at $45.77.

Support: $45.77 Price: $46.98 Resistance: $47.29

Risk

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 $1.28 (2.80%) between high and low. For the last week, the stock has had daily average volatility of 2.30%.

Our recommended stop-loss: $44.59 (-5.09%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)

2.30 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Weaker Buy Today BMY ranks #707 as BUY CANDIDATE #707 Stronger Buy

Will BMY stock price go up or down on Mon, 19 Aug 2019?

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!

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