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Archive
- 10/9/2026 -
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International Bus. Machines (IBM) Technical Analysis
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| Summary:
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| | It was a first positive week after 3 consecutive negative weeks for the International Bus. Machines (IBM). During the week, the IBM gained 4.49 points, or 2.02%, and closed at 227.13 on Friday, October 9, 2026. Weekly volume was -23% below average.
IBM is a member of Information Technology Sector. Information Technology is the most overbought 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 332.46 on June 2, 2026. IBM gained -241.90 points, or -267.12%, in 323 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 183.51 and resistance is at 345.40. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See IBM medium-term trend chart]
A medium-term downtrend had started on June 2, 2026 at 332.46 and reached 199.19 on July 23, 2026. IBM lost 133.27 points, or 40.09%, in 7 weeks. The price is now at the 20.96% retracement level.
 Weekly Technical Indicators: [See IBM weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since July 17, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 October 8, 2026 at 217.80 and reached 228.76 on October 9, 2026. IBM gained -10.96 points, or -5.03%, in 1 days. The price is now at the 14.87% retracement level.
 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 above oversold area. Such crossover is considered a bullish signal. 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.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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.
The price is close to the moving average in the center of the Bollinger Bands. 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.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.
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