INTL BUSINESS MACHINES CORP (IBM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IBM - US4592001014 - Common Stock
Taking everything into account, IBM scores 9 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.
IBM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 313.09. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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227.04
5 important support areas can be observed.
- A support zone ranging from 297.43 to 298.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 288.52 to 292.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @256.29 from a trend line in the weekly time frame.
- Support @246.75 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.
- A resistance zone ranging from 313.09 to 314.99. This zone is formed by a combination of multiple trend lines 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 | 89.09 | POSITIVE | IBM has a high relative strength, it outperformed 89.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IBM is below a declining 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) | 54.32 | NEUTRAL | The RSI value for IBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.16 | NEGATIVE | The MACD value suggests IBM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.08 | NEUTRAL | The Stochastics value for IBM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for IBM suggests some volalility. |
| Average Directional Index/ADX (14) | 17.64 | 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 | 297.42 | 17.58 (5.58%) | 17.92% |
| An entry @315.00. This is a Buy Stop order right above the resistance zone. | An exit @297.42. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 17.58 points, which is 5.58%. | When investing 17.92% 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.
303.21
-1.27 (-0.42%)
INTL BUSINESS MACHINES CORP / IBM FAQ
What is the technical rating for IBM stock?
ChartMill assigns a technical rating of 9 / 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 54.3232. 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.