INTL BUSINESS MACHINES CORP (IBM) Stock Technical Analysis
NYSE:IBM • US4592001014
Overall IBM gets a technical rating of 0 out of 10. IBM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, IBM is a bad performer in the overall market: 78% of all stocks are doing better.
- In the last month IBM has a been trading in the 253.51 - 319.90 range, which is quite wide. It is currently trading near the lows of this range.
- IBM is one of the better performing stocks in the IT Services industry, it outperforms 74% of 87 stocks in the same industry.
- IBM has an average volume of 4786950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- IBM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IBM is lagging the market.
IBM has a poor technical rating and the quality of the setup is also 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.
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253.71
When analyzing the support we notice one important area.
- A support zone ranging from 256.27 to 257.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 305.74 to 313.09. 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 | NEUTRAL | NEUTRAL | The long term trend for IBM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IBM is down. |
| ChartMill Relative Strength | 22.39 | NEGATIVE | IBM has a low relative strength, it was outperformed by 77.61% 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) | DOWN | NEGATIVE | The current price of IBM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of IBM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.94 | NEUTRAL | The RSI value for IBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.73 | NEGATIVE | The MACD value suggests IBM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.53 | OVERSOLD | The low Stochastics value suggests IBM may be oversold. |
| Average True Range in percent/ATR (20) | 4.1 | MEDIUM VOLATILITY | The ATR as a percentage value for IBM suggests some volalility. |
| Average Directional Index/ADX (14) | 21.48 | NEUTRAL | The ADX value for IBM suggests a possible start of a new trend. |
257.16
+0.88 (+0.34%)
INTL BUSINESS MACHINES CORP / IBM FAQ
What is the technical rating for IBM stock?
ChartMill assigns a technical rating of 0 / 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 Bearish.
What is the RSI signal for INTL BUSINESS MACHINES CORP (IBM) stock?
INTL BUSINESS MACHINES CORP (IBM) has an RSI value of 32.9408. 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 negative.
What is the support and resistance level for IBM stock?
INTL BUSINESS MACHINES CORP (IBM) has a support level at 257.15 and a resistance level at 305.74. Check the full technical report for our detailed analysis of IBM support and resistance levels.