1IBM Technical Analysis - INTL BUSINESS MACHINES CORP

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to 1IBM. In the last year, 1IBM was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

100% of all other stocks performed better in the past year than 1IBM.

1IBM is part of the IT Services industry. There are 74 other stocks in this industry, of which 87% are performing better than 1IBM.

Warning: 1IBM has an average volume of 134 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month 1IBM has a been trading in the 200.80 - 258.75 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

INTL BUSINESS MACHINES CORP / 1IBM Weekly stock chart

INTL BUSINESS MACHINES CORP / 1IBM Daily stock chart

Setup Rating and Analysis

1IBM has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

197.17

254.03

We found 3 important support areas.

A support zone ranging from 223.75 to 229.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @207.87 from a trend line in the daily time frame.
Support @199.16 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 251.50 to 251.51. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for 1IBM.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for 1IBM.MI is up.
ChartMill Relative Strength	0	NEGATIVE	1IBM.MI has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of 1IBM.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of 1IBM.MI is above the rising SMA(50).
Relative Strength Index/RSI (14)	59.03	NEUTRAL	The RSI value for 1IBM.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	2.62	POSITIVE	The MACD value suggests 1IBM.MI has a positive trend.
Stochastics (14,3)	79.35	NEUTRAL	The Stochastics value for 1IBM.MI is a neutral value.
Average True Range in percent/ATR (20)	4.01	MEDIUM VOLATILITY	The ATR as a percentage value for 1IBM.MI suggests some volalility.
Average Directional Index/ADX (14)	17.79	NEGATIVE	The low ADX value for 1IBM.MI suggests a weak or negative trend.