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. In the last year, IBM was one of the better performers, but we do observe some doubts in the very recent evolution.
IBM has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
227.04
We found 4 important support areas.
- A support zone ranging from 288.53 to 302.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @264.02 from a trend line in the weekly time frame.
- A support zone ranging from 251.71 to 253.89. 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 | 83.01 | POSITIVE | IBM has a high relative strength, it outperformed 83.01% 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) | UP | POSITIVE | The current price of IBM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.51 | NEUTRAL | The RSI value for IBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.55 | POSITIVE | The MACD value suggests IBM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.1 | NEUTRAL | The Stochastics value for IBM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for IBM suggests some volalility. |
| Average Directional Index/ADX (14) | 12.68 | NEGATIVE | The low ADX value for IBM suggests a weak or negative trend. |
303.16
-9.02 (-2.89%)
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 50.5141. 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 302.24 and a resistance level at 309.25. Check the full technical report for our detailed analysis of IBM support and resistance levels.