IBM
(Last Updated April 15, 2021)
Hello! This is the news page for International Business Machines Corp. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
If we observe the 90 and 30 day timeframes, we see an uptrend in place for IBM.
IBM Moving Averages
The moving averages on IBM indicate a trend that is clearly bullish.
The chart below illustrates.
International Business Machines Corp (IBM) Up 1.69%; Breaks Above 20 and 100 Day Averages
As for how volume fared, yesterday’s volume was up 63.54% from the previous day (tuesday), and up 25.83% from wednesday of the week before.
International Business Machines Corp (IBM) Down 0.34%, Price Base in Formation Over Past 14 Days; is Inching Close to 20 Day Average
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
International Business Machines Corp (IBM) 2 Day Down Streak Broken, Nears 20 Day Moving Average; Pin Bar Pattern Appearing on Chart
From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes.
International Business Machines Corp (IBM) Heads Down For the 2nd Consecutive Day; Breaks Below 20, 100 and 200 Day Averages
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
International Business Machines Corp (IBM) Up 0.63%, Nears 20 Day Moving Average; Pin Bar Pattern Appearing on Chart
The price move occurred on volume that was up 35.84% from the day prior, but down 8.27% from the same day the week before.
International Business Machines Corp (IBM) Moves Down For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
For another vantage point, consider that international business machines corp’s price has gone up 5 of the previous 10 trading days.
International Business Machines Corp (IBM) Down 1.09%; Crosses 100 Day Moving Average
This is a reversal of the price action on the previous hour, in which price moved up.