Bristol-Myers Squibb(BMY)

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

Auto-detected technical analysis for BMY · data as of Jul 22, 2026. The chart above is live; the read below updates daily.

$60.76last close · Jul 22, 202652-week range $42.52 – $62.89 · 3.38% 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 64% 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 $60.76 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 Jul 22, 2026.

DirectionBullishTarget$60.76Projected move+9.2%Breakout level$55.70

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

How Falling Wedges Have Performed

Win rate

56.4%

Avg return

+0.52R

Backtested trades

10,683

BMY win rate

45.5%

Historical pattern statistics (1987-01-30 – 2026-07-17), 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.

Pattern	Entry	Exit	Outcome	Result
Triangle	Sep 15, 2025 @ $46.05	Nov 11, 2025 @ $48.72	Loss	+12.8% · -1.25R
Falling Wedge	May 19, 2025 @ $46.60	Jul 31, 2025 @ $43.31	Loss	+17.3% · -1.27R
Triangle	Jan 22, 2025 @ $57.30	Feb 14, 2025 @ $53.90	Loss	+11.3% · -1.37R
Triangle	Dec 3, 2024 @ $59.46	Feb 14, 2025 @ $53.99	Win	+10.5% · +4.50R
Bullish Pennant	Sep 24, 2024 @ $50.75	Nov 8, 2024 @ $54.14	Win	+10.8% · +1.06R
Falling Wedge	Jul 22, 2024 @ $42.78	Aug 6, 2024 @ $47.31	Win	+8.2% · +1.58R
Falling Wedge	Jul 16, 2024 @ $41.15	Aug 6, 2024 @ $47.31	Win	+10.3% · +5.03R
Triangle	Apr 4, 2024 @ $51.94	Apr 12, 2024 @ $48.29	Win	+8.0% · +1.44R
Falling Wedge	Dec 1, 2023 @ $49.40	Feb 5, 2024 @ $47.98	Loss	+12.3% · -1.24R
Triangle	Jun 28, 2023 @ $63.84	Jul 27, 2023 @ $61.37	Win	+4.6% · +0.97R
Triangle	Oct 18, 2022 @ $72.09	Nov 11, 2022 @ $75.96	Win	+12.8% · +1.03R
Rising Wedge	Mar 8, 2022 @ $67.93	Mar 15, 2022 @ $69.75	Loss	+8.8% · -1.06R

Falling Wedge Examples on Other Charts

Historical examples from the published simulation. This selection is not a win-rate sample.

ALNYAlnylam Pharmaceuticals

Winning trade · +18.8%

Opened Feb 6, 2026

Closed Jul 22, 2026

Open ALNY’s live chart →

Open BA’s live chart →

BDXBecton Dickinson

Winning trade · +2.8%

Opened Jun 25, 2026

Closed Jul 21, 2026

Open BDX’s live chart →

HIIHuntington Ingalls Industries

Winning trade · +13.1%

Opened Jun 1, 2026

Closed Jul 21, 2026

Open HII’s live chart →

Learn about falling wedge

BMY Support and Resistance Levels

Price found a floor near $55.33 about 4 weeks ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $65.37 — still about 8% away.

Traders commonly watch $65.37 as a target (its 61.8% 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 $55.33 floor about 4 weeks ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

BMY Recent Daily Prices

Date	Open	High	Low	Close
Jul 22, 2026	$61.40	$61.70	$60.56	$60.76
Jul 21, 2026	$60.08	$61.02	$59.80	$60.93
Jul 20, 2026	$60.76	$61.35	$60.03	$60.16
Jul 17, 2026	$60.87	$62.29	$60.47	$60.74
Jul 16, 2026	$58.79	$60.56	$58.57	$60.51
Jul 15, 2026	$57.05	$59.19	$57.04	$58.72
Jul 14, 2026	$59.00	$59.14	$56.78	$56.95
Jul 13, 2026	$57.90	$59.44	$57.54	$59.34
Jul 10, 2026	$57.79	$57.94	$56.94	$57.58
Jul 9, 2026	$57.44	$58.00	$57.14	$57.94

BMY Frequently Asked Questions

What chart pattern is BMY forming right now?

As of Jul 22, 2026, TradingPal's detector identifies a falling wedge on Bristol-Myers Squibb (BMY) on the daily chart, with a measured-move target of $60.76.

Is a falling wedge bullish or bearish?

The falling wedge detected on BMY is a bullish pattern, projecting a measured-move target of $60.76. 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 (10,683 trades over 628 symbols), it resolved in the expected direction 56.4% of the time with an average of +0.52R. These are historical statistics, not a prediction.

What is the price target if BMY's pattern breaks out?

The detected falling wedge has a geometry-based measured-move target of $60.76 (pattern height projected from the breakout). This is a technical target, not a recommendation.

What was BMY's closing price on Jul 22, 2026?

Bristol-Myers Squibb (BMY) last closed at $60.76 on Jul 22, 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.