The Greedy Trader Weekly Analysis
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Number of records: 2
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International Bus. Machines
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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaThe price has fallen below the Parabolic SAR
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It was the negative week for the International Bus. Machines (IBM). During the week, the IBM gave back -0.39 points, or -0.29%, and closed at 133.71 on Friday, February 8, 2019. It was the worst weekly loss since December 21, 2018. Weekly volume was -18% below average.

Long-term trend: [See IBM long-term trend chart]
A long-term downtrend had started on January 18, 2018 at 171.13 and reached 105.94 on December 26, 2018. IBM lost 65.19 points, or 38.09%, in 48 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 98.38 and resistance is at 146.21. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See IBM medium-term trend chart]
A medium-term downtrend had started on October 3, 2018 at 154.36 and reached 105.94 on December 26, 2018. IBM lost 48.42 points, or 31.37%, in 12 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (99.33) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See IBM weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since January 18, 2019. The distance between MACD and the signal line is relatively high and 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 December 26, 2018 at 105.94 and reached 136.65 on February 6, 2019. IBM gained -30.71 points, or -28.99%, in 42 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See IBM daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since December 31, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.59
Williams' Percentage Range (W%R) 25.50
Lane's Stochastic (%D-Slow) 68.09
Greed/Fear Indicator (GFI) 72.39
Moving Average Converg./Diverg. (MACD) 3.92
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.21
Williams' Percentage Range (W%R) 45.50
Lane's Stochastic (%D-Slow) 84.50
Overbought
Greed/Fear Indicator (GFI) 64.77
Moving Average Converg./Diverg. (MACD) -6.32
Trading Signals
Description Value Chart
Monthly Trendline Resistance 146.21
Upper Bollinger Band 141.97
Parabolic System 136.69
Daily Stochastic Crossing 134.89
Price 133.71
Weekly Stochastic Crossing 133.31
20 Day Moving Average 129.93
50 Day Moving Average 122.80
Lower Bollinger Band 118.24
Sector and Industry
Description Name Rank
Sector Technology 7
Industry Diversified Computer Sys 78
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 105.94
Low Date 12/26/2018
High 136.65
High Date 02/06/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 96.84
Support 99.33
High 154.36
High Date 10/03/2018
Low 105.94
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 146.21
Support 98.38
High 171.13
High Date 01/18/2018
Low 105.94
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 182.79
High Date 02/16/2017
Low 105.94
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 215.90
High Date 03/15/2013
Low 105.94
Low Date 12/26/2018
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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