Bristol Myers Technical Analysis

BMY -- USA Stock  

  Buyout Trend

As of 17 of November Bristol Myers shows Downside Deviation of 1.01, Risk Adjusted Performance of 0.27 and Mean Deviation of 0.7638. Bristol Myers Squibb technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm future prices. In plain English you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found nineteen technical drivers for Bristol Myers Squibb Company which can be compared to its rivals. Please confirm Bristol Myers Squibb Semi Deviation, Jensen Alpha as well as the relationship between Jensen Alpha and Semi Variance to decide if Bristol Myers Squibb is priced correctly providing market reflects its regular price of 58.51 per share. Given that Bristol Myers has Jensen Alpha of 0.2674, we suggest you validate Bristol Myers Squibb Company prevailing market performance to make sure the company can sustain itself at future point.
Target PriceAdvice# of Analysts
59.43Buy7Odds
Bristol Myers Squibb Company current and past analyst recommendations published by number of research institutions as well as average analyst consensus
Bristol Myers Analyst Advice  
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Bristol Myers Squibb Technical Analysis

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  Portfolio Suggestion    
  
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The output start index for this execution was five with a total number of output elements of fifty-six. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Bristol Myers Squibb volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

Bristol Myers Squibb Trend Analysis

Use this graph to draw trend lines for Bristol Myers Squibb Company. You can use it to identify possible trend reversals for Bristol Myers as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Bristol Myers price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Bristol Myers Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Bristol Myers Squibb Company applied against its price change over selected period. The best fit line has a slop of   0.20  which may imply that Bristol Myers Squibb Company will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 1448.52, which is the sum of squared deviations for the predicted Bristol Myers price change compared to its average price change.

Bristol Myers November 17, 2019 Technical Indicators

Bristol Myers November 17, 2019 Daily Price Condition

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