INTL BUSINESS MACHINES CORP (IBM) Technical Analysis
NYSE:IBM • US4592001014
Current stock price
231.98 USD
+0.9 (+0.39%)
At close:
231.2 USD
-0.78 (-0.34%)
After Hours:
IBM Technical Rating and Analysis
Overall IBM gets a technical rating of 0 out of 10. IBM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, IBM is a bad performer in the overall market: 81% of all stocks are doing better.
- IBM is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month IBM has a been trading in the 221.73 - 258.50 range, which is quite wide. It is currently trading near the lows of this range.
- IBM has an average volume of 6480330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- IBM is part of the IT Services industry. There are 89 other stocks in this industry, IBM did better than 65% of them.
- Volume is considerably higher in the last couple of days.
IBM Weekly and Daily overview Charts
IBM Setup Rating and Analysis
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
IBM Support and Resistance Analysis
228.44
316.22
We found 1 important support area.
- Support @230.75 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 243.02 to 246.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 252.40 to 258.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 309.24 to 313.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
IBM 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 | DOWN | NEGATIVE | The long term trend for IBM is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IBM is neutral. |
| ChartMill Relative Strength | 19.8 | NEGATIVE | IBM has a low relative strength, it was outperformed by 80.2% 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) | DOWN | NEGATIVE | The current price of IBM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.96 | NEUTRAL | The RSI value for IBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests IBM has a negative trend. |
| Stochastics (14,3) | 43.19 | NEUTRAL | The Stochastics value for IBM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for IBM suggests some volalility. |
| Average Directional Index/ADX (14) | 18.95 | NEGATIVE | The low ADX value for IBM suggests a weak or negative trend. |
IBM Chart- and CandleStick Pattern Analysis
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)
IBM Technicals: Chart, Performance Metrics, Trend & Indicators
231.98
+0.9 (+0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.39%
1 Week-8.48%
2 Weeks0.53%
1 Month-4.01%
3 Month-20.67%
6 Month-24.55%
12 Month-0.19%
2 Year39.58%
3 Year83.51%
5 Year63.5%
10 Year58.96%
15 Year35.99%
Volatility
ATR(14)8.56
ATR(20)%3.35%
ATR Inc185.97%
Range Today7.8
ADR(20)6.49
ADR(20)%2.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.8
3 months CRS15.43
6 months CRS18.78
Mansfield-2.24
10 Day High258.5
10 Day Low221.73
20 Day High258.5
20 Day Low221.73
52 Week High324.9
52 Week Low220.72
CS1 End230.75
CR1 Start243.02
Volume & EV
DER(3)-0.74%
DER(5)-0.63%
Volume9.82M
Volume Incr133.59%
Vol(5)11.01M
Vol(50)6.48M
INTL BUSINESS MACHINES CORP / IBM TA 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.
Can you provide the RSI signal for INTL BUSINESS MACHINES CORP?
INTL BUSINESS MACHINES CORP (IBM) has an RSI value of 38.9615. This indicates that the stock is currently neutral.
What is the MACD signal for IBM stock?
The MACD indicator for INTL BUSINESS MACHINES CORP (IBM) has a value of -0.233903, indicating a bearish trend.