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Bristol-Myers Squibb's stock price triggered RSI Overbought, KDJ Death Cross signals.
ByAinvest
Wednesday, Jul 9, 2025 10:02 am ET1min read
Based on Bristol-Myers Squibb's 15-minute chart, there are several key technical indicators that warrant attention. Firstly, the Relative Strength Index (RSI) has reached an overbought level, indicating that the stock price has risen too rapidly and may be unsustainable in the near term. Additionally, the KDJ (KST Divergence) Death Cross has been triggered at 09:45 on July 9, 2025, suggesting that the momentum of the stock price is shifting towards the downside and may lead to further decreases. Overall, these indicators suggest that the stock may be experiencing technical difficulties that could impact its performance in the coming days.
In the latest trading session, Bristol Myers Squibb (BMY) closed at $47.66, marking a +1.32% move from the previous day. This change outpaced the S&P 500's 0.61% gain on the day. However, a detailed analysis of the company's 15-minute chart reveals several key technical indicators that warrant attention.Firstly, the Relative Strength Index (RSI) has reached an overbought level, indicating that the stock price has risen too rapidly and may be unsustainable in the near term. This is a common signal that a correction could be on the horizon.
Additionally, the KDJ (KST Divergence) Death Cross was triggered at 09:45 on July 9, 2025. This indicator suggests that the momentum of the stock price is shifting towards the downside and may lead to further decreases. The Death Cross is a bearish signal that occurs when the KDJ lines cross below each other, indicating a potential reversal in the stock's price trend.
These technical indicators suggest that Bristol Myers Squibb may be experiencing technical difficulties that could impact its performance in the coming days. Investors should keep a close eye on these indicators and consider the broader market conditions when making investment decisions.
References:
[1] https://www.nasdaq.com/articles/bristol-myers-squibb-bmy-surpasses-market-returns-some-facts-worth-knowing-0
[2] https://www.newstrail.com/immunology-market-growth-and-future-scope-2025-2032-bristol-myers-squibb-roche-holding-ag-novartis-ag/
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