INTL BUSINESS MACHINES CORP (IBM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IBM - US4592001014 - Common Stock
We assign a technical rating of 10 out of 10 to IBM. 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.
Besides having an excellent technical rating, IBM 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 a support zone below the current price at 303.12, a Stop Loss order could be placed below this zone.
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227.04
When analyzing the support we can see 5 important areas.
- A support zone ranging from 296.51 to 303.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @288.52 from a horizontal line in the daily time frame.
- Support @259.60 from a trend line in the weekly time frame.
- A support zone ranging from 248.99 to 251.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @229.33 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 304.51 to 314.99. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for IBM is neutral. |
| ChartMill Relative Strength | 87.41 | POSITIVE | IBM has a high relative strength, it outperformed 87.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IBM is below 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) | 48.81 | NEUTRAL | The RSI value for IBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.73 | NEGATIVE | The MACD value suggests IBM has a negative trend. |
| Stochastics (14,3) | 38.77 | NEUTRAL | The Stochastics value for IBM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for IBM suggests some volalility. |
| Average Directional Index/ADX (14) | 18.01 | NEGATIVE | The low ADX value for IBM suggests a weak or negative 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 |
|---|---|---|---|
| 308.35 | 300.41 | 7.94 (2.57%) | 25.00% |
| An entry @308.35. This is a Buy Stop order right above the 10 day moving average. | An exit @300.41. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 7.94 points, which is 2.57%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.64%. |
- The distance between exit and entry is rather small compared to the average daily movement of IBM. Please evaluate whether better entry and exit points can be found.
- 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.
303.32
+0.14 (+0.05%)
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 48.814. 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 neutral.