BMY.L Forecast and Technical Stock Analysis

Sell candidate since 2019-07-16 Loss -0.43%

Bristol-Myers Squibb Company fell by -0.43% in the last day ( Wednesday, 17th Jul 2019 ) from £2.34 to £2.33 and has now fallen 3 days in a row. During day the stock fluctuated 3.49% from a day low at £2.29 to a day high of £2.37. The price has fallen in 6 of the last 10 days , but is still up by 0.87% over the past 2 weeks. Volume has increased in the last day by 54 582 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 216 003 shares bought and sold for approximately £503 287.00.

Quick summary:

  • 30 day high of the BMY.L stock price was £2.45 and low was £2.25.
  • 90 day high was £2.46 and low was £2.22.
  • 52 week high for the Bristol-Myers Squibb Company - £237.00 and low - £1.82.
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Bristol-Myers Squibb Company is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend you can expect Bristol-Myers Squibb Company with 90% probability to be traded between £2.22 and £2.36 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Monday July 15, 2019, which indicates further falls until a new bottom pivot has been found. Bristol-Myers Squibb Company gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". Bristol-Myers Squibb Company holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately £2.35. On a fall, the stock will find some support from the long-term average at approximately £2.32. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.

A buy signal from a double bottom formation was found on Friday July 12, 2019 and based on theory for this formation the price should go up by 0.08% to £2.38 within 5 trading days since signal was issued (Friday July 19, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 15 - 80 ]

RSI14 is 52 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 behavior.

Support & Resistance

Bristol-Myers Squibb Company finds support from accumulated volume at £2.32.

Support: £2.32 Price: £2.33 Resistance: £2.34


This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £0.08 (3.49%) between high and low. For the last week, the stock has had a daily average volatility of 4.47%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

4.47 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded


Bristol-Myers Squibb Company holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Stronger Sell Today BMY.L ranks #4386 as SELL CANDIDATE #4386 Weaker Sell

Will BMY.L stock price go up or down on Fri, 19 Jul 2019?

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