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 8 out of 10 in our technical rating. In the last year, IBM was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, IBM did better than 90% of all other stocks.
IBM is part of the IT Services industry. There are 82 other stocks in this industry. IBM outperforms 75% of them.
IBM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so IBM is performing more or less in line with the market.
IBM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
IBM has an average volume of 4561820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, IBM also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
207.46
267.40
3 important support areas can be observed.
- A support zone ranging from 225.90 to 226.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 217.39 to 219.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @209.56 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 258.25 to 264.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.34
Mansfield1.66
10 Day High265.09
10 Day Low246.54
20 Day High265.72
20 Day Low246.54
52 Week High265.72
52 Week Low162.62
Performance
1 Week-3.46%
2 Weeks-2.6%
1 Month-2.26%
3 Month11.01%
6 Month24.89%
12 Month34.13%
2 Year95.24%
3 Year106.06%
5 Year93.96%
10 Year55.88%
15 Year98.52%
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)
Technical Indicators
MACD(12,26,9)-1.98
RSI(14)52.25
LBB248.96
UBB267.47
252.44
-0.79 (-0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.31%
1 Week-3.46%
2 Weeks-2.6%
1 Month-2.26%
3 Month11.01%
6 Month24.89%
12 Month34.13%
2 Year95.24%
3 Year106.06%
5 Year93.96%
10 Year55.88%
15 Year98.52%
Volatility
ATR(14)4.82
ATR(20)%2.2%
ATR Inc9.94%
Range Today6.27
ADR(20)5.41
ADR(20)%2.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.34
Mansfield1.66
10 Day High265.09
10 Day Low246.54
20 Day High265.72
20 Day Low246.54
52 Week High265.72
52 Week Low162.62
CS1 End226.03
CR1 Start258.54
Volume & EV
DER(3)-1.13%
DER(5)-1.51%
Volume7.72M
Volume Incr-9.15%
Vol(5)5.04M
Vol(50)4.56M