IBM CORP (EIB0.L) Technical Analysis
LON:EIB0 • XS0996288717
Current stock price
EIB0.L Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to EIB0. 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.
- When comparing the yearly performance of all stocks, EIB0 is a bad performer in the overall market: 77% of all stocks are doing better.
- Warning: EIB0 has an average volume of 9600 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- EIB0 is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so EIB0 is leading the market.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- In the last month EIB0 has a been trading in a tight range between 101.81 and 103.00.
- Considerably lower volume is observed in the last couple of days.
EIB0.L Weekly and Daily overview Charts
EIB0.L Setup Rating and Analysis
EIB0 has a bad technical rating, but it does show a decent setup pattern. 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.
More info and screens
EIB0.L Support and Resistance Analysis
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.
When analyzing the resistance we notice one important 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.
EIB0.L 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 | 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. |
EIB0.L Chart- and CandleStick Pattern Analysis
EIB0.L Technicals: Chart, Performance Metrics, Trend & Indicators
LON:EIB0 (12/27/2019, 7:00:00 PM)
103
0 (0%)
IBM CORP / EIB0.L TA FAQ
What is the technical rating for EIB0 stock?
ChartMill assigns a technical rating of 0 / 10 to EIB0.L.
Can you provide the trend direction for IBM CORP?
The current trend direction for IBM CORP (EIB0.L) is Bearish.
What is the RSI signal for EIB0 stock?
IBM CORP (EIB0.L) has an RSI value of 0. This indicates that the stock is currently oversold.
Can you provide the MACD signal for IBM CORP?
The MACD indicator for IBM CORP (EIB0.L) has a value of 1.51611e-10, indicating a bearish trend.
What is the support and resistance level for EIB0 stock?
IBM CORP (EIB0.L) has a support level at 102.99 and a resistance level at 103. Check the full technical report for our detailed analysis of EIB0.L support and resistance levels.