INTL. BUSINESS MACHINES - 1H - Technical analysis published on 09/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 145.07 USD
My targets
140.61 USD (-1.72%)
134.00 USD (-6.34%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on INTL. BUSINESS MACHINES as long as the price remains well below 145.07 USD. The sellers' bearish objective is set at 140.61 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 134.00 USD. In case of crossing, the next objective would be the support located at 128.88 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INTL. BUSINESS MACHINES rating is 143.07 USD. On the day, this instrument lost -0.12% and was traded between 141.76 USD and 143.82 USD over the period. The price is currently at +0.92% from its lowest and -0.52% from its highest.141.76
143.82
143.07
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this INTL. BUSINESS MACHINES chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 128.88 | 134.00 | 140.61 | 143.07 | 143.23 | 145.07 | 147.20 |
| Change (%) | -9.92% | -6.34% | -1.72% | - | +0.11% | +1.40% | +2.89% |
| Change | -14.19 | -9.07 | -2.46 | - | +0.16 | +2.00 | +4.13 |
| Level | Minor | Major | Major | - | Intermediate | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 138.97 | 140.99 | 142.12 | 144.14 | 145.27 | 147.29 | 148.42 |
| Camarilla | 142.37 | 142.66 | 142.95 | 143.24 | 143.53 | 143.82 | 144.11 |
| Woodie | 138.52 | 140.77 | 141.67 | 143.92 | 144.82 | 147.07 | 147.97 |
| Fibonacci | 140.99 | 142.20 | 142.94 | 144.14 | 145.35 | 146.09 | 147.29 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 136.47 | 140.56 | 143.74 | 147.83 | 151.01 | 155.10 | 158.28 |
| Camarilla | 144.91 | 145.58 | 146.24 | 146.91 | 147.58 | 148.24 | 148.91 |
| Woodie | 136.01 | 140.33 | 143.28 | 147.60 | 150.55 | 154.87 | 157.82 |
| Fibonacci | 140.56 | 143.34 | 145.06 | 147.83 | 150.61 | 152.33 | 155.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 133.85 | 136.80 | 141.82 | 144.77 | 149.79 | 152.74 | 157.76 |
| Camarilla | 144.64 | 145.37 | 146.10 | 146.83 | 147.56 | 148.29 | 149.02 |
| Woodie | 134.88 | 137.32 | 142.85 | 145.29 | 150.82 | 153.26 | 158.79 |
| Fibonacci | 136.80 | 139.85 | 141.73 | 144.77 | 147.82 | 149.70 | 152.74 |
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): | 31.62 | |
| MACD (12,26,9): | -1.2200 | |
| Directional Movement: | -16.54 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 142.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 141.76 | |
| Elder Ray (13): | -0.30 | |
| Super Trend (3,10): | 144.44 | |
| Zig ZAG (10): | 142.93 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 22.14 | |
| TEMA (21): | 141.99 | |
| Williams %R (14): | -72.34 | |
| Chande Momentum Oscillator (20): | -2.06 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 4.87 |
| MA7: | 146.19 | |
| MA20: | 146.80 | |
| MA50: | 143.76 | |
| MA100: | 136.47 | |
| MAexp7: | 142.95 | |
| MAexp20: | 144.17 | |
| MAexp50: | 145.64 | |
| MAexp100: | 146.18 | |
| Price / MA7: | -2.13% | |
| Price / MA20: | -2.54% | |
| Price / MA50: | -0.48% | |
| Price / MA100: | +4.84% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | -0.76% | |
| Price / MAexp50: | -1.76% | |
| Price / MAexp100: | -2.13% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on INTL. BUSINESS MACHINES at the time of the analysis were as follows:
- IBM Commits To Train 2 Million in Artificial Intelligence in Three Years, With a Focus on Underrepresented Communities
- IBM Announced as a Sponsor of 2023 U.N. Climate Change Conference (COP28)
- Advancing Environmental Justice With AI
- Transforming Sustainable Agriculture: The Nature Conservancy Centre and IBM Unite To Reduce Crop Residue Burning in North India
- Preparing Our Country for a Cyber Future
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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