Technical Signs Suggest IBM’s Downtrend May Be Stalling

The Hourly View for IBM

  • At the time of this writing, IBM’s price is down $-0.15 (-0.11%) from the hour prior.
  • This move is a reversal from the hour prior, which saw price move up.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

IBM’s hourly price chart is shown below.

IBM

The Daily View for IBM

  • At the time of this writing, IBM’s price is up $1.2 (0.92%) from the day prior.
  • IBM has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 200 day moving average, resulting in them so that price is now turning above it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence alert: Trend in IBM’s price and its RSI are diverging. IBM’s price is declining faster than its RSI.

Below is a daily price chart of IBM.

IBM

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