INTL BUSINESS MACHINES CORP (IBM) Stock Technical Analysis
NYSE:IBM - New York Stock Exchange, Inc. - US4592001014 - Common Stock - Currency: USD
Taking everything into account, IBM scores 10 out of 10 in our technical rating. 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that IBM is one of the better performing stocks in the market, outperforming 90% of all stocks. We also observe that the gains produced by IBM over the past year are nicely spread over this period.
IBM is one of the better performing stocks in the IT Services industry, it outperforms 77% of 81 stocks in the same industry.
IBM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month IBM has a been trading in the 265.10 - 296.16 range, which is quite wide. It is currently trading near the high of this range.
IBM has an average volume of 4064800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
217.97
297.74
5 important support areas can be observed.
- A support zone ranging from 283.71 to 290.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @244.21 from a trend line in the weekly time frame.
- Support @235.85 from a trend line in the weekly time frame.
- Support @229.84 from a trend line in the daily time frame.
- Support @220.17 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 291.98 to 294.79. 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 | UP | POSITIVE | The short term trend for IBM is up. |
| ChartMill Relative Strength | 90.3 | POSITIVE | IBM has a high relative strength, it outperformed 90.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IBM is above 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) | 64.44 | NEUTRAL | The RSI value for IBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests IBM has a negative trend. |
| Stochastics (14,3) | 71.32 | NEUTRAL | The Stochastics value for IBM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for IBM suggests low volalility. |
| Average Directional Index/ADX (14) | 31.08 | POSITIVE | The high ADX value value for IBM suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
291.97
+4.32 (+1.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.5%
1 Week0.01%
2 Weeks3.09%
1 Month9.96%
3 Month28.35%
6 Month31.13%
12 Month65.87%
2 Year102.5%
3 Year123.24%
5 Year137.49%
10 Year80.24%
15 Year127.39%
Volatility
ATR(14)5.4
ATR(20)%1.77%
ATR Inc-17.89%
Range Today4.42
ADR(20)4.9
ADR(20)%1.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.3
Mansfield1.6
10 Day High296.16
10 Day Low277.2
20 Day High296.16
20 Day Low265.1
52 Week High296.16
52 Week Low174.45
CS1 End263.37
CR1 StartN/A
Volume & EV
DER(3)0.38%
DER(5)0.52%
Volume1.85M
Volume Incr-22.12%
Vol(5)3.09M
Vol(50)4.06M