The Greedy Trader Weekly Analysis
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Number of records: 8
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International Bus. Machines
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Summary:
Weekly :Broken trend support line
Daily :Daily  MACD line has moved below its signal lineThe price has risen above the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock pricePrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the International Bus. Machines (IBM). During the week, the IBM gave back -1.03 points, or -0.70%, and closed at 145.45 on Friday, September 07, 2018. Weekly volume was -20% below average.

Long-term trend: [See IBM long-term trend chart]
A long-term uptrend had started on February 11, 2016 at 116.90 and reached 182.79 on February 16, 2017. IBM gained -65.89 points, or -56.36%, in 53 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (154.41) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.

Medium-term trend: [See IBM medium-term trend chart]
A medium-term downtrend had started on February 16, 2017 at 182.79 and reached 137.45 on June 27, 2018. IBM lost 45.34 points, or 24.80%, in 70 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 137.06 and resistance is at 163.00. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since July 20, 2018. The distance between MACD and the signal line is low, but getting bigger. 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 August 15, 2018 at 142.00 and reached 147.93 on August 29, 2018. IBM gained -5.93 points, or -4.18%, in 14 days. The price is now at the 41.82% retracement level.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 3.25% on Friday. It is 56.50% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.74
Williams' Percentage Range (W%R) 33.60
Lane's Stochastic (%D-Slow) 42.97
Greed/Fear Indicator (GFI) 52.05
Moving Average Converg./Diverg. (MACD) 0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.41
Williams' Percentage Range (W%R) 44.10
Lane's Stochastic (%D-Slow) 62.39
Greed/Fear Indicator (GFI) 55.86
Moving Average Converg./Diverg. (MACD) -2.15
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 163.00
Yearly Trendline Resistance 163.00
Yearly Trendline Support 154.41
Upper Bollinger Band 148.21
Weekly Stochastic Crossing 147.19
Daily Stochastic Crossing 146.06
20 Day Moving Average 145.62
Price 145.45
50 Day Moving Average 145.02
Parabolic System 144.73
Lower Bollinger Band 143.51
Quarterly Trendline Support 137.06
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Diversified Computer Sys 110
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 142.00
Low Date 08/15/2018
High 147.93
High Date 08/29/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 137.45
Low Date 06/27/2018
High 150.54
High Date 07/19/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 171.13
High Date 01/18/2018
Low 137.45
Low Date 06/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Valid
Resistance 163.00
Support 137.06
High 182.79
High Date 02/16/2017
Low 137.45
Low Date 06/27/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 163.00
Support 154.41
Low 116.90
Low Date 02/11/2016
High 182.79
High Date 02/16/2017
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.

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