The Greedy Trader Weekly Analysis
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- 7/2/2026 -
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International Bus. Machines (IBM) Technical Analysis

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Summary:
Weekly :Price is near the Fibonacci 38.2% retracement level
Daily :Lane's Stochastic is strongly overboughtBearish Advance Block CandlestickDaily  MACD line has moved above its signal line
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It was a second positive week after 3 consecutive negative weeks for the International Bus. Machines (IBM). During the week, the IBM gained 17.89 points, or 6.59%, and closed at 289.52 on Thursday, July 2, 2026. Weekly volume was 11% above average.

Long-term trend: [See IBM long-term trend chart]
A long-term uptrend had started on November 26, 2021 at 114.56 and reached 332.46 on June 2, 2026. IBM gained -217.90 points, or -190.21%, in 235 weeks. The price is now at the 19.71% retracement level.

Medium-term trend: [See IBM medium-term trend chart]
A medium-term uptrend had started on May 13, 2026 at 212.34 and reached 332.46 on June 2, 2026. IBM gained -120.12 points, or -56.57%, in 2 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is above its signal line since May 29, 2026. This is an indication that the medium-term trend is up. 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 June 18, 2026 at 243.68 and reached 294.49 on July 1, 2026. IBM gained -50.81 points, or -20.85%, in 13 days. The price is now at the 9.78% retracement level.

Daily Technical Indicators: [See IBM daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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.

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

Candlestick pattern: [See IBM candlestick chart pattern]
On Friday the chart has formed a Bearish Advance Block Candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Advance Block Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.76
Williams' Percentage Range (W%R) 40.90
Lane's Stochastic (%D-Slow) 90.98
Strong Overbought
Greed/Fear Indicator (GFI) 69.62
Moving Average Converg./Diverg. (MACD) 4.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.46
Williams' Percentage Range (W%R) 41.10
Lane's Stochastic (%D-Slow) 58.67
Greed/Fear Indicator (GFI) 57.83
Moving Average Converg./Diverg. (MACD) -5.92
Trading Signals
Description Value Chart
Upper Bollinger Band 296.61
Daily Stochastic Crossing 291.55
Price 289.52
Weekly Stochastic Crossing 273.02
20 Day Moving Average 273.02
Parabolic System 263.13
50 Day Moving Average 255.34
Lower Bollinger Band 246.66
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry IT Consulting & Other Services 17
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 243.68
Low Date 06/18/2026
High 294.49
High Date 07/01/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 332.46
High Date 06/02/2026
Low 243.68
Low Date 06/18/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 212.34
Low Date 05/13/2026
High 332.46
High Date 06/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 114.56
Low Date 11/26/2021
High 332.46
High Date 06/02/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 90.56
Low Date 03/23/2020
High 332.46
High Date 06/02/2026
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.