INTL. BUSINESS MACHINES - Weekly - Technical analysis published on 07/20/2020 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
67%
0%
33%
My opinion
Neutral between 118.04 USD and 139.70 USD
My targets
-
My analysis
The short-term increase on INTL. BUSINESS MACHINES remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 139.70 USD. The first support is located at 118.04 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by Mattkh. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INTL. BUSINESS MACHINES price is 126.37 USD. The price registered an increase of +6.02% over 5 days and was traded between 122.16 USD and 125.63 USD over the period. The price is currently at +3.45% from its lowest point and +0.59% from its highest point.122.16
125.63
126.37
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Weekly chart of INTL. BUSINESS MACHINES indicates that the overall trend is slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Weekly
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Weekly
The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Weekly
Near horizontal support
Type : Bullish
Timeframe : Weekly
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 94.77 | 107.67 | 118.04 | 126.37 | 139.70 | 156.92 | 169.12 |
| Change (%) | -25.01% | -14.80% | -6.59% | - | +10.55% | +24.18% | +33.83% |
| Change | -31.60 | -18.70 | -8.33 | - | +13.33 | +30.55 | +42.75 |
| Level | Major | Major | Major | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 121.23 | 122.22 | 123.66 | 124.65 | 126.09 | 127.08 | 128.52 |
| Camarilla | 124.44 | 124.67 | 124.89 | 125.11 | 125.33 | 125.56 | 125.78 |
| Woodie | 121.47 | 122.33 | 123.90 | 124.76 | 126.33 | 127.19 | 128.76 |
| Fibonacci | 122.22 | 123.15 | 123.72 | 124.65 | 125.58 | 126.15 | 127.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 112.43 | 115.18 | 120.14 | 122.89 | 127.85 | 130.60 | 135.56 |
| Camarilla | 122.99 | 123.70 | 124.40 | 125.11 | 125.82 | 126.52 | 127.23 |
| Woodie | 113.55 | 115.73 | 121.26 | 123.44 | 128.97 | 131.15 | 136.68 |
| Fibonacci | 115.18 | 118.12 | 119.94 | 122.89 | 125.83 | 127.65 | 130.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 92.47 | 104.18 | 112.47 | 124.18 | 132.47 | 144.18 | 152.47 |
| Camarilla | 115.27 | 117.10 | 118.94 | 120.77 | 122.60 | 124.44 | 126.27 |
| Woodie | 90.77 | 103.33 | 110.77 | 123.33 | 130.77 | 143.33 | 150.77 |
| Fibonacci | 104.18 | 111.82 | 116.54 | 124.18 | 131.82 | 136.54 | 144.18 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.42 | |
| MACD (12,26,9): | -1.1600 | |
| Directional Movement: | -2.24 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 120.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 107.46 | |
| Elder Ray (13): | 3.91 | |
| Super Trend (3,10): | 100.54 | |
| Zig ZAG (10): | 126.37 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 51.81 | |
| TEMA (21): | 121.42 | |
| Williams %R (14): | -37.58 | |
| Chande Momentum Oscillator (20): | 6.11 | |
| Repulse (5,40,3): | 2.8400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.2800 | |
| Courbe Coppock: | 14.36 |
| MA7: | 122.38 | |
| MA20: | 120.00 | |
| MA50: | 122.17 | |
| MA100: | 118.89 | |
| MAexp7: | 122.71 | |
| MAexp20: | 122.67 | |
| MAexp50: | 125.61 | |
| MAexp100: | 127.73 | |
| Price / MA7: | +3.26% | |
| Price / MA20: | +5.31% | |
| Price / MA50: | +3.44% | |
| Price / MA100: | +6.29% | |
| Price / MAexp7: | +2.98% | |
| Price / MAexp20: | +3.02% | |
| Price / MAexp50: | +0.61% | |
| Price / MAexp100: | -1.06% |
Quotes :
2020-07-20 19:59:59
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15 min delayed data
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NYSE Stocks
News
The last news published on INTL. BUSINESS MACHINES at the time of the generation of this analysis was as follows:
- IBM Reports 2020 Second-Quarter Results
- EY and IBM expand global alliance to help organizations accelerate their digital transformation
- IBM and Verizon Business to Collaborate on 5G and AI Solutions at the Enterprise Edge
- IBM's 30th Annual Environmental Report Highlights Reduction In CO2 Emissions
- International Business Machines Corporation - Post Stabilisation Notice
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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