IBM CORP (EIB0.L) Stock Technical Analysis
Europe - LON:EIB0 - XS0996288717
Taking everything into account, EIB0 scores 0 out of 10 in our technical rating. EIB0's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, EIB0 does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 103.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 102.99, a Stop Loss order could be placed below this zone.
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101.96
When analyzing the support we notice one important area.
- A support zone ranging from 102.99 to 102.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 103.00 to 103.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for EIB0.L is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EIB0.L is down. |
| ChartMill Relative Strength | 23.11 | NEGATIVE | EIB0.L has a low relative strength, it was outperformed by 76.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EIB0.L is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EIB0.L is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EIB0.L is below a declining SMA(200). |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests EIB0.L has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 100 | OVERBOUGHT | The high Stochastics value suggests EIB0.L may be overbought. |
| Average True Range in percent/ATR (20) | 1.09 | LOW VOLATILITY | The low ATR as a percentage value for EIB0.L suggests low volalility. |
LON:EIB0 (12/27/2019, 7:00:00 PM)
103
0 (0%)