INTL BUSINESS MACHINES CORP (IBM) Stock Technical Analysis
USA - NYSE:IBM - US4592001014 - Common Stock
Overall IBM gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IBM is showing a nice and steady performance.
IBM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
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227.04
When analyzing the support we can see 5 important areas.
- Support @288.51 from a trend line in the daily time frame.
- A support zone ranging from 275.96 to 276.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @252.98 from a trend line in the weekly time frame.
- Support @244.36 from a trend line in the daily time frame.
- Support @229.33 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @313.10 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The long term trend for IBM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IBM is up. |
| ChartMill Relative Strength | 89.57 | POSITIVE | IBM has a high relative strength, it outperformed 89.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IBM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IBM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IBM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.2 | NEUTRAL | The RSI value for IBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests IBM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.69 | NEUTRAL | The Stochastics value for IBM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for IBM suggests some volalility. |
| Average Directional Index/ADX (14) | 25.64 | POSITIVE | The high ADX value value for IBM suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 313.11 | 288.50 | 24.61 (7.86%) | 12.72% |
| An entry @313.11. This is a Buy Stop order right above the resistance zone. | An exit @288.50. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 24.61 points, which is 7.86%. | For a 1.00% total portfolio risk, you can invest 12.72% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
306.77
+5.92 (+1.97%)
INTL BUSINESS MACHINES CORP / IBM FAQ
What is the technical rating for IBM stock?
ChartMill assigns a technical rating of 10 / 10 to IBM.
What is the trend direction for IBM stock?
The current trend direction for INTL BUSINESS MACHINES CORP (IBM) is Bullish.
What is the RSI signal for INTL BUSINESS MACHINES CORP (IBM) stock?
INTL BUSINESS MACHINES CORP (IBM) has an RSI value of 63.1976. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INTL BUSINESS MACHINES CORP?
The short term momentum for INTL BUSINESS MACHINES CORP (IBM) is positive.
Can you provide the buy/sell signal for INTL BUSINESS MACHINES CORP?
The buy/sell signal for INTL BUSINESS MACHINES CORP (IBM) is buy as both the short term and long term trends are positive.