INTL BUSINESS MACHINES CORP (IBM) Stock Technical Analysis
NYSE:IBM • US4592001014
We assign a technical rating of 0 out of 10 to IBM. IBM'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.
- 72% of all other stocks performed better in the past year than IBM.
- In the last month IBM has a been trading in the 272.36 - 319.90 range, which is quite wide. It is currently trading near the lows of this range.
- IBM is one of the better performing stocks in the IT Services industry, it outperforms 74% of 87 stocks in the same industry.
- IBM has an average volume of 4434430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- IBM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IBM is lagging the market.
The technical rating of IBM is bad and it also does not present a quality setup 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
253.91
3 important support areas can be observed.
- A support zone ranging from 272.80 to 272.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @268.44 from a trend line in the weekly time frame.
- Support @256.47 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 295.38 to 301.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 309.25 to 313.09. This zone is formed by a combination of multiple trend lines 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 IBM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IBM is down. |
| ChartMill Relative Strength | 28.07 | NEGATIVE | IBM has a low relative strength, it was outperformed by 71.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IBM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IBM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of IBM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.29 | NEUTRAL | The RSI value for IBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.9 | NEGATIVE | The MACD value suggests IBM has a negative trend. |
| Stochastics (14,3) | 24.89 | NEUTRAL | The Stochastics value for IBM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.1 | MEDIUM VOLATILITY | The ATR as a percentage value for IBM suggests some volalility. |
| Average Directional Index/ADX (14) | 12.98 | NEGATIVE | The low ADX value for IBM suggests a weak or negative trend. |
272.81
-18.95 (-6.5%)
INTL BUSINESS MACHINES CORP / IBM FAQ
What is the technical rating for IBM stock?
ChartMill assigns a technical rating of 0 / 10 to IBM.
What is the current trend direction of INTL BUSINESS MACHINES CORP (IBM) stock?
The current trend direction for INTL BUSINESS MACHINES CORP (IBM) is Bearish.
What is the RSI signal for INTL BUSINESS MACHINES CORP (IBM) stock?
INTL BUSINESS MACHINES CORP (IBM) has an RSI value of 36.2866. This indicates that the stock is currently neutral.
What is the short term momentum for INTL BUSINESS MACHINES CORP (IBM) stock?
The short term momentum for INTL BUSINESS MACHINES CORP (IBM) is negative.
What is the support and resistance level for IBM stock?
INTL BUSINESS MACHINES CORP (IBM) has a support level at 272.8 and a resistance level at 295.38. Check the full technical report for our detailed analysis of IBM support and resistance levels.