INTL BUSINESS MACHINES CORP (IBM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IBM - US4592001014 - Common Stock
We assign a technical rating of 7 out of 10 to IBM. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
IBM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 309.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 303.94, a Stop Loss order could be placed below this zone.
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227.04
We found 4 important support areas.
- A support zone ranging from 288.53 to 303.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @262.92 from a trend line in the weekly time frame.
- A support zone ranging from 251.39 to 253.25. 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.
We found 1 important resistance area.
- A resistance zone ranging from 309.25 to 314.99. 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 | NEUTRAL | NEUTRAL | The short term trend for IBM is neutral. |
| ChartMill Relative Strength | 83.04 | POSITIVE | IBM has a high relative strength, it outperformed 83.04% 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 | MIXED | The current price of IBM is above a declining 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) | 52.76 | NEUTRAL | The RSI value for IBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests IBM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.21 | NEUTRAL | The Stochastics value for IBM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for IBM suggests some volalility. |
| Average Directional Index/ADX (14) | 12.94 | 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 |
|---|---|---|---|
| 315.00 | 288.99 | 26.01 (8.26%) | 12.11% |
| An entry @315.00. This is a Buy Stop order right above the resistance zone. | An exit @288.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 26.01 points, which is 8.26%. | When investing 12.11% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
304.22
+1.5 (+0.5%)
INTL BUSINESS MACHINES CORP / IBM FAQ
What is the technical rating for IBM stock?
ChartMill assigns a technical rating of 7 / 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 Bullish.
What is the RSI signal for INTL BUSINESS MACHINES CORP (IBM) stock?
INTL BUSINESS MACHINES CORP (IBM) has an RSI value of 52.7585. This indicates that the stock is currently neutral.
What is the short term momentum for INTL BUSINESS MACHINES CORP (IBM) stock?
The short term momentum for INTL BUSINESS MACHINES CORP (IBM) is neutral.
What is the support and resistance level for IBM stock?
INTL BUSINESS MACHINES CORP (IBM) has a support level at 303.94 and a resistance level at 309.25. Check the full technical report for our detailed analysis of IBM support and resistance levels.