INTL BUSINESS MACHINES CORP (IBM) Technical Analysis
NYSE:IBM • US4592001014
Current stock price
IBM Technical Rating and Analysis
Taking everything into account, IBM scores 0 out of 10 in our technical rating. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 72% of all other stocks performed better in the past year than IBM.
- IBM is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IBM is lagging the market.
- IBM is one of the better performing stocks in the IT Services industry, it outperforms 72% of 88 stocks in the same industry.
- IBM has an average volume of 6193090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month IBM has a been trading in the 233.75 - 259.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
IBM Weekly and Daily overview Charts
IBM Setup Rating and Analysis
Although the technical rating is bad, IBM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 242.11, a Stop Loss order could be placed below this zone.
More info and screens
IBM Support and Resistance Analysis
233.97
When analyzing the support we notice one important area.
- A support zone ranging from 236.33 to 242.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 258.86 to 262.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 305.74 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 | DOWN | NEGATIVE | The short term trend for IBM is down. |
| ChartMill Relative Strength | 28.16 | NEGATIVE | IBM has a low relative strength, it was outperformed by 71.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IBM is above 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) | 49.07 | NEUTRAL | The RSI value for IBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.13 | POSITIVE | The MACD value suggests IBM has a positive trend. |
| Stochastics (14,3) | 44.08 | NEUTRAL | The Stochastics value for IBM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for IBM suggests some volalility. |
| Average Directional Index/ADX (14) | 21.3 | NEUTRAL | The ADX value for IBM suggests a possible start of a new trend. |
IBM Chart- and CandleStick Pattern Analysis
IBM Technicals: Chart, Performance Metrics, Trend & Indicators
248.16
+5.02 (+2.06%)
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 49.0677. 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 1.12938, indicating a bullish trend.
What is the buy/sell signal for INTL BUSINESS MACHINES CORP (IBM) stock?
The buy/sell signal for INTL BUSINESS MACHINES CORP (IBM) is sell as both the short term and long term trends are negative.