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Uptrend ExhaustionArchive
- 1/3/2025 -
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International Bus. Machines (IBM) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the International Bus. Machines (IBM). During the week, the IBM gave back -0.10 points, or -0.04%, and closed at 222.70 on Friday, January 3, 2025. Weekly volume was -36% below average.
IBM is a member of Information Technology Sector. Information Technology is the second 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 239.35 on December 9, 2024. IBM gained -148.79 points, or -164.30%, in 246 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (139.29) 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 239.35 on December 9, 2024. IBM gained -124.79 points, or -108.93%, in 158 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (223.83). 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 December 13, 2024. 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 October 31, 2024 at 203.50 and reached 239.35 on December 9, 2024. IBM gained -35.85 points, or -17.62%, in 39 days. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern.
 Daily Technical Indicators: [See IBM daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. 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 Williams' Percentage Range help.
The daily MACD line is below its signal line since December 13, 2024. The distance between MACD and the signal line is low and getting smaller.
A Parabolic SAR (stop and reversal) indicator (224.58) comes close to the price (222.70). It indicates that the trend is getting weaker. 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.
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