(Last Updated October 28, 2020)
Hello! This is the news page for International Business Machines Corp. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
On International Business Machines Corp, there is currently a clear downtrend on the 14 day timeframe.
Across several time periods between 20 and 200 days, the trend on IBM has remained consistently bearish.
The chart below illustrates.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
As for how volume fared, yesterday’s volume was up 84.6% from the previous day (sunday), and up 112.14% from monday of the week before.
The price move occurred on volume that was down 19.43% from the day prior, but up 45.17% from the same day the week before.
The price move occurred on volume that was down 19.43% from the day prior, but up 45.17% from the same day the week before.
I have another buy at $114.10 and then my final buy would be if we got under $110 (who knows in this market).
The price move occurred on stronger volume; specifically, yesterday’s volume was up 190.37% from the day prior, and up 156.01% from the same day the week before.
The price move occurred on volume that was up 33.46% from the day prior, but down 75.12% from the same day the week before.
This move is a reversal from the hour prior, which saw price move up.