Bristol-Myers Squibb (BMY) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for BMY · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$65.89last close · Aug 4, 202652-week range $42.52 – $68.10 · 3.25% below the high
Falling Wedge · playing out now

BMY just broke higher out of a falling wedge — a brief, tidy pause inside a strong run. That's usually a breather before another push up.

On this chart, setups like it have followed through about 50% of the time.

As long as price stays above $53.44, the setup is intact — a daily close back below there is the cue to step away.

It's already reached the first target near $60.37 and is still going. From here, the calm way to follow the move is to stay with the 10-day average — and only step aside when a day finally closes below it.

BMY Falling Wedge Pattern

BMY is currently forming a falling wedge on the daily timeframe. Detected Aug 4, 2026.

DirectionBullishTarget$60.37Projected move+8.9%Breakout level$55.45

New to this pattern? What a falling wedge is and how to trade it →

How Falling Wedges Have Performed

Win rate
56.2%
Avg return
+0.55R
Backtested trades
8,465
BMY win rate
42.9%

Historical pattern statistics (2006-08-04 – 2026-08-03), not a prediction.

How these backtests work →

BMY Pattern Trade History

Every completed pattern trade our nightly backtest found on BMY's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Rising WedgeFeb 5, 2026 @ $58.91Feb 18, 2026 @ $59.73Win+0.17R
Rising WedgeJan 28, 2026 @ $54.63Feb 4, 2026 @ $57.62Loss-1.24R
Rising WedgeDec 15, 2025 @ $53.49Feb 18, 2026 @ $59.73Win+1.18R
Falling WedgeOct 28, 2025 @ $43.03Oct 30, 2025 @ $45.62Loss-1.18R
TriangleSep 15, 2025 @ $46.27Nov 11, 2025 @ $48.72Loss-1.28R
Falling WedgeMay 19, 2025 @ $46.60Jul 31, 2025 @ $43.31Loss-1.27R
Falling WedgeFeb 10, 2025 @ $54.70Mar 7, 2025 @ $61.09Loss-1.13R
TriangleJan 21, 2025 @ $56.93Feb 14, 2025 @ $53.90Loss-1.43R
Falling WedgeDec 27, 2024 @ $58.05Feb 14, 2025 @ $53.90Loss-1.38R
TriangleDec 2, 2024 @ $59.13Mar 7, 2025 @ $61.09Loss-1.26R
Bullish PennantSep 24, 2024 @ $50.75Nov 8, 2024 @ $54.14Win+1.06R
Falling WedgeJul 16, 2024 @ $41.15Aug 6, 2024 @ $47.31Win+5.03R

BMY Support and Resistance Levels

Price is bouncing off a floor near $61.53 and starting to climb. On the weekly chart, the next ceiling overhead sits near $72.43 — about 10% away.

  • Traders commonly watch $72.43 as a target (its 78.6% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $61.53 floor about a week ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

Nearest auto-detected support sits near $65.58. These are chart/swing-derived levels, not formula pivots.

Support
$65.58$62.75$62.07$61.88$56.66$54.49$54.25$54.18$42.89$42.70$42.41

BMY Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$64.89$66.31$63.87$65.89
Aug 3, 2026$66.12$68.10$64.14$65.47
Jul 31, 2026$65.00$65.66$63.53$65.31
Jul 30, 2026$62.69$65.56$62.23$64.86
Jul 29, 2026$63.87$63.91$63.10$63.10
Jul 28, 2026$63.65$64.97$63.20$63.60
Jul 27, 2026$62.40$63.44$62.22$62.56
Jul 24, 2026$61.94$62.82$61.60$62.09
Jul 23, 2026$60.74$62.05$60.45$61.51
Jul 22, 2026$61.40$61.70$60.56$60.76

BMY Frequently Asked Questions

What chart pattern is BMY forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a falling wedge on Bristol-Myers Squibb (BMY) on the daily chart, with a measured-move target of $60.37.
Is a falling wedge bullish or bearish?
The falling wedge detected on BMY is a bullish pattern, projecting a measured-move target of $60.37. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (8,465 trades over 631 symbols), it resolved in the expected direction 56.2% of the time with an average of +0.55R. These are historical statistics, not a prediction.
What are the support and resistance levels for BMY?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), BMY's nearest support is around $65.58 and nearest resistance around n/a.
What is the price target if BMY's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $60.37 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was BMY's closing price on Aug 4, 2026?
Bristol-Myers Squibb (BMY) last closed at $65.89 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.