INTL BUSINESS MACHINES CORP (IBM) Stock Technical Analysis
USA - NYSE:IBM - US4592001014 - Common Stock
284.31 USD
+2.87 (+1.02%)
284.81 USD
+0.5 (+0.18%)
Taking everything into account, IBM scores 10 out of 10 in our technical rating. 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, IBM did better than 73% of all other stocks. We also observe that the gains produced by IBM over the past year are nicely spread over this period.
IBM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IBM is lagging the market slightly.
In the last month IBM has a been trading in the 238.25 - 288.85 range, which is quite wide. It is currently trading near the high of this range.
IBM has an average volume of 5488690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
IBM is an average performer in the IT Services industry, it outperforms 62% of 87 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although IBM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
217.97
297.74
When analyzing the support we can see 5 important areas.
- A support zone ranging from 253.43 to 254.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @246.35 from a trend line in the weekly time frame.
- Support @239.88 from a trend line in the daily time frame.
- Support @229.33 from a horizontal line in the daily time frame.
- Support @220.17 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 291.98 to 294.79. 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 | 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 | 73.64 | POSITIVE | IBM has a high relative strength, it outperformed 73.64% 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) | 75.04 | OVERBOUGHT | The high RSI value suggests IBM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.04 | POSITIVE | The MACD value suggests IBM has a positive trend. |
| Stochastics (14,3) | 86.11 | OVERBOUGHT | The high Stochastics value suggests IBM may be overbought. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for IBM suggests some volalility. |
| Average Directional Index/ADX (14) | 34.28 | POSITIVE | The high ADX value value for IBM suggests a strong trend. |
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)
284.31
+2.87 (+1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.02%
1 Week6.72%
2 Weeks12.18%
1 Month15.7%
3 Month-1.86%
6 Month16.52%
12 Month28.74%
2 Year102.64%
3 Year139.3%
5 Year133.67%
10 Year96.12%
15 Year111.95%
Volatility
ATR(14)6.21
ATR(20)%2.13%
ATR Inc136.71%
Range Today8.74
ADR(20)5.74
ADR(20)%2.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.64
Mansfield0.42
10 Day High288.85
10 Day Low254
20 Day High288.85
20 Day Low238.25
52 Week High296.16
52 Week Low203.51
CS1 End254.9
CR1 Start291.98
Volume & EV
DER(3)0.04%
DER(5)-0.59%
Volume9.06M
Volume Incr59.41%
Vol(5)6.83M
Vol(50)5.49M