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Takip Edin: @UscMarketsBMY Stock Forecast & Bristol-Myers Squibb Company Chart Analysis
This article provides a detailed analysis of BMY-Bristol-Myers Squibb Company stock including a forecast for BMY shares. It features Bristol-Myers Squibb Company technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
BMY Historical Data Review
BMY Current Price Performance Analysis
The Bristol-Myers Squibb Company - BMY stock traded on the American stock market, on 06-05-2024, closed at 41.24$ with a %-1.22 decreased compared to the previous day.
In the last month, the price of BMY changed by %-6.06 decreased in value, from 43.9 dollars on 05-06-2024 to 41.24 dollars, decreased.
Last year, the price of BMY was 65.48 dollars on 06-06-2023, and changed by %-37.02 decreased in value, to 41.24 dollars decreased within a year.
The price of Bristol-Myers Squibb Company stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
BMY with AI Stock Forecast & Price Target
On the BMY chart Bristol-Myers Squibb Company price was recorded as 41.24 Dollars on 06/05/2024.
The artificial intelligence's forecast on BMY stock is as follows.
The artificial intelligence's prediction error margin for BMY stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Bristol-Myers Squibb Company stock over the next 4 months is: 28.4 Dollars.
The commentary on BMY stock Target Price: Highest: 43.531 Dollars is predicted.
The commentary on BMY stock Target Price: Lowest: 16.425 Dollars is predicted.
The commentary on BMY stock: The target price can generally be said to be on the decline.
The target price for Bristol-Myers Squibb Company stock by the end of 2024 is predicted to be 24.567 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on BMY stock, and the 2024 target price predictions for Bristol-Myers Squibb Company are detailed above.
The technical analysis and charts for the commentary on BMY stock are below.
BMY Support & Resistance and Trend Analysis
BMY stock you have reviewed the technical analysis support resistance charts regarding.
BMY : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the BMY review, the Bristol-Myers Squibb Company support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Bristol-Myers Squibb Company Support and Resistance Prices:
| BMY Support Level Price | BMY Resistance Level Price |
|---|---|
| 39.91 | 45.72 |
| 43.33 | 49.56 |
| 44.34 | 53.45 |
| 47.58 | 53.48 |
| 48.25 | 54.26 |
| 49.80 | 54.48 |
| 50.01 | 55.04 |
| 50.15 | |
| 50.74 | |
| 51.20 |
BMY Technical Analysis: SMA, RSI, MACD
Upon reviewing the BMY chart, buy and sell signals have been generated in the Bristol-Myers Squibb Company technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for BMY stock are as follows:- BMY technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Bristol-Myers Squibb Company gave a 'Buy' signal when the RSI was at 28.319, with the current RSI value at 24.499.
- The technical analysis for BMY indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Bristol-Myers Squibb Company issued a 'Buy' signal when the MACD was at -1.583, with the current MACD value being: -1.414
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Bristol-Myers Squibb Company stock: Click here to read more predictions on BP p.l.c. stock.
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