The Greedy Trader Weekly Analysis
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- 4/11/2025 -
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International Bus. Machines (IBM) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance lineTrend resistance at 232.88
Daily :Trend support at 238.08
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It was a first positive week for the International Bus. Machines (IBM). During the week, the IBM gained 8.00 points, or 3.52%, and closed at 235.50 on Friday, April 11, 2025. Weekly volume was 62% above average.

IBM is a member of Information Technology Sector. Information Technology is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See IBM long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 90.56 and reached 266.50 on March 10, 2025. IBM gained -175.94 points, or -194.28%, in 259 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (142.02) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See IBM medium-term trend chart]
A medium-term uptrend had started on November 26, 2021 at 114.56 and reached 266.50 on March 10, 2025. IBM gained -151.94 points, or -132.63%, in 171 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (232.88). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See IBM weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 21, 2025. Use the following link to access a MACD help.

Short-term trend: [See IBM short-term trend chart]
A short-term uptrend had started on May 2, 2024 at 162.62 and reached 266.50 on March 10, 2025. IBM gained -103.88 points, or -63.88%, in 312 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (238.08) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

Daily Technical Indicators: [See IBM daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since February 21, 2025. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.24
Williams' Percentage Range (W%R) 36.70
Lane's Stochastic (%D-Slow) 71.90
Greed/Fear Indicator (GFI) 60.47
Moving Average Converg./Diverg. (MACD) -3.68
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.18
Williams' Percentage Range (W%R) 51.60
Lane's Stochastic (%D-Slow) 49.00
Greed/Fear Indicator (GFI) 50.20
Moving Average Converg./Diverg. (MACD) 11.58
Trading Signals
Description Value Chart
Weekly Trendline Resistance 275.87
Monthly Trendline Resistance 273.06
Upper Bollinger Band 257.46
50 Day Moving Average 248.72
20 Day Moving Average 240.36
Price 238.81
Weekly Trendline Support 238.08
Weekly Stochastic Crossing 237.85
Daily Stochastic Crossing 236.60
Quarterly Trendline Resistance 232.88
Lower Bollinger Band 222.68
Parabolic System 217.07
Monthly Trendline Support 202.78
Sector and Industry
Description Name Rank
Sector Information Technology 1
Industry IT Consulting & Other Services 40
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 266.50
High Date 03/10/2025
Low 214.50
Low Date 04/07/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 275.87
Support 238.08
Low 162.62
Low Date 05/02/2024
High 266.50
High Date 03/10/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 273.06
Support 202.78
Low 120.55
Low Date 05/11/2023
High 266.50
High Date 03/10/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 232.88
Support 126.97
Low 114.56
Low Date 11/26/2021
High 266.50
High Date 03/10/2025
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 153.78
Support 142.02
Low 90.56
Low Date 03/23/2020
High 266.50
High Date 03/10/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.