International Business Machines Corp (IBM) Moves Up For the 3rd Day In A Row
Huge entry point for me now that it’s down 12% overnight.
IBM
(Last Updated January 23, 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
IBM’s moving averages tell a multi-facted story about its trend. The 50 and 200 day averages are pointing upwards, suggesting a bullish trend, in contrast to the downward-facing 20 and 100 day averages that imply a bearish trend. Moreover, today we saw the 20 and 100 moving average turn bearish.
The chart below illustrates.
IBM (IBM) Closes Prior Hour Down -0.08%; in an Uptrend Over Past 14 Days, Pin Bar Pattern Appearing on Chart
Or to view things another way, note that out of the past 10 days international business machines corp’s price has gone up 5 them.
IBM (IBM) Closes Last Hour Up $0.05; in an Uptrend Over Past 30 Days
This is a reversal of the price action on the previous hour, in which price moved down.
IBM (IBM) Price Near $126.96; Pin Bar Pattern Appearing on Chart, Heads Up For the 2nd Day In A Row, in an Uptrend Over Past 30 Days
The price move occurred on volume that was down 33.45% from the day prior, but up 4.3% from the same day the week before.
IBM (IBM) Closes Last Hour Down $-0.42; 2 Day Up Streak Ended
This move is a reversal from the hour prior, which saw price move up.
IBM (IBM) Closes Prior Hour Up 0.03%; Breaks Above 20 Day Average, Price Base in Formation Over Past 90 Days
The price move occurred on stronger volume; specifically, yesterday’s volume was up 14.67% from the day prior, and up 120.44% from the same day the week before.
IBM (IBM) Closes Prior Hour Up 0.32%; Makes Big Move Relative to Two Week Trend, Price Base in Formation Over Past 90 Days, 2 Day Up Streak Ended
The price move occurred on stronger volume; specifically, yesterday’s volume was up 44.59% from the day prior, and up 27.71% from the same day the week before.
IBM (IBM) Closes Last Hour Up $0.67; Breaks Above 20 Day Average, Moves Up For the 2nd Day In A Row, Price Base in Formation Over Past 14 and 90 Days
The change in price came along side change in volume that was up 3.76% from previous day, but down 42.62% from the thursday of last week.
IBM (IBM) Price Near $123.78; in an Uptrend Over Past 30 Days, 4 Day Up Streak Snapped, Crosses 20 Day Moving Average
I can finally go long on this one for 2021.
IBM (IBM) Closes Prior Hour Up 0.39%; in an Uptrend Over Past 30 Days, Moves Up For the 3rd Consecutive Day, Price Base in Formation Over Past 90 Days
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.