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Bristol-Myers Squibb: 12 weeks waiting for a decline that won't come

BMY is at week 12 of a sell signal, yet the market won't confirm: 3 sideways weeks, buy volume dominant in the last 2 weeks, and a double bottom building in the 55 area pointing to structural support.

Bristol-Myers Squibb: 12 weeks waiting for a decline that won't come
Sell signal at week 12 — confirmation still absent
Bristol-Myers Squibb: 12 weeks waiting for a decline that won't come
June 12, 2026
Sell signal at week 12 — confirmation still absent
In Summary
Bristol-Myers Squibb is at week 12 of a sell signal, but the decline never materialized: 3 observation weeks closed sideways, signal unconfirmed. Volume tells a different story from the bearish headline: the market is defending the stock, not abandoning it.
Ongoing decline ·12th week from start ·US stocks ·T2 ★ See Gold version →
IQS Phase
68
in tension
Signal Strength
2
indecisive week
Sizing
MINIMUM
Ranking
#40 / 114
US stocks
Trade P&L %
+0.61%
from signal to today
Chart · Weekly — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
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