INTL BUSINESS MACHINES CORP (IBM) Stock Technical Analysis
NYSE:IBM - New York Stock Exchange, Inc. - US4592001014 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to IBM. Both in the recent history as in the last year, IBM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, IBM did better than 92% of all other stocks. On top of that, IBM also shows a nice and consistent pattern of rising prices.
IBM is one of the better performing stocks in the IT Services industry, it outperforms 81% of 82 stocks in the same industry.
A new 52 week high is currently being made by IBM, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so IBM is leading the market.
In the last month IBM has a been trading in the 224.44 - 269.28 range, which is quite wide. It is currently trading near the high of this range.
IBM has an average volume of 4843990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although IBM has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
217.97
271.10
4 important support areas can be observed.
- A support zone ranging from 242.91 to 250.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @236.49 from a trend line in the weekly time frame.
- A support zone ranging from 225.36 to 229.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @220.17 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 266.96 to 268.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.11
Mansfield1.67
10 Day High269.28
10 Day Low244.65
20 Day High269.28
20 Day Low224.44
52 Week High269.28
52 Week Low163.53
Performance
1 Week3.23%
2 Weeks7.16%
1 Month10.81%
3 Month2.09%
6 Month19.72%
12 Month56.21%
2 Year107.6%
3 Year92.27%
5 Year113.73%
10 Year57.35%
15 Year113.12%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)2.28
RSI(14)66.59
LBB238.38
UBB272.92
266.95
-1.46 (-0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.54%
1 Week3.23%
2 Weeks7.16%
1 Month10.81%
3 Month2.09%
6 Month19.72%
12 Month56.21%
2 Year107.6%
3 Year92.27%
5 Year113.73%
10 Year57.35%
15 Year113.12%
Volatility
ATR(14)5.5
ATR(20)%2.44%
ATR Inc-33.54%
Range Today3.66
ADR(20)5.55
ADR(20)%2.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.11
Mansfield1.67
10 Day High269.28
10 Day Low244.65
20 Day High269.28
20 Day Low224.44
52 Week High269.28
52 Week Low163.53
CS1 End250.19
CR1 Start266.96
Volume & EV
DER(3)1.36%
DER(5)0.8%
Volume2.44M
Volume Incr-26.32%
Vol(5)3.59M
Vol(50)4.84M