Stocks

Bristol-Myers Squibb may fall to 36.20 - 37.00

2024-07-09

Our pivot point stands at 41.2.

Our preference

The downside prevails as long as 41.2 is resistance.

Alternative scenario

Above 41.2, look for 42.6 and 43.5.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 41.4165 and 42.4116).

Supports and resistances

43.5 **

42.6 *

41.2 **

40.7

39.99 (USD-last)

37.8

37 **

36.2 *

35.4 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

Introduction to Tradingtop Site

Related Articles


Return to All Articles