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INTL. BUSINESS MACHINES
INTL. BUSINESS MACHINES
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: IBM
ISIN:

INTL. BUSINESS MACHINES - 1H - Technical analysis published on 08/05/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 121.12 USD
My targets
127.68 USD (+1.54%)
129.42 USD (+2.93%)
My analysis
The bullish trend is currently very strong on INTL. BUSINESS MACHINES. As long as the price remains above the support at 121.12 USD, you could try to benefit from the boom. The first bullish objective is located at 127.68 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 129.42 USD as an objective. Crossing it would then enable buyers to target 132.17 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

INTL. BUSINESS MACHINES rating 125.74 USD. The price is lower by -0.08% since the last closing and was traded between 125.57 USD and 126.75 USD over the period. The price is currently at +0.14% from its lowest and -0.80% from its highest.

125.57
126.75
125.74

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by INTL. BUSINESS MACHINES:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of INTL. BUSINESS MACHINES indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 118.04 121.12 125.35 125.74 127.68 129.42 132.17
Change (%) -6.12% -3.67% -0.31% - +1.54% +2.93% +5.11%
Change -7.70 -4.62 -0.39 - +1.94 +3.68 +6.43
Level Major Intermediate Intermediate - Minor Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard122.45123.13124.49125.17126.53127.21128.57
Camarilla125.28125.47125.65125.84126.03126.21126.40
Woodie122.78123.30124.82125.34126.86127.38128.90
Fibonacci123.13123.91124.39125.17125.95126.43127.21


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard115.32118.21120.57123.46125.82128.71131.07
Camarilla121.50121.98122.46122.94123.42123.90124.38
Woodie115.07118.08120.32123.33125.57128.58130.82
Fibonacci118.21120.21121.45123.46125.46126.70128.71


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard97.73106.47114.70123.44131.67140.41148.64
Camarilla118.27119.83121.38122.94124.50126.05127.61
Woodie97.49106.34114.46123.31131.43140.28148.40
Fibonacci106.47112.95116.95123.44129.92133.92140.41

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): 67.37
MACD (12,26,9): 0.6000
Directional Movement: 18.95
AROON (14): 85.71
DEMA (21): 125.24
Parabolic SAR (0,02-0,02-0,2): 125.26
Elder Ray (13): 1.02
Super Trend (3,10): 124.19
Zig ZAG (10): 125.83
VORTEX (21): 1.2900
Stochastique (14,3,5): 78.67
TEMA (21): 126.04
Williams %R (14): -30.59
Chande Momentum Oscillator (20): 1.67
Repulse (5,40,3): -0.2500
ROCnROLL: 1
TRIX (15,9): 0.0400
Courbe Coppock: 4.04
MA7: 124.50
MA20: 123.90
MA50: 123.53
MA100: 119.25
MAexp7: 125.50
MAexp20: 124.65
MAexp50: 124.45
MAexp100: 124.16
Price / MA7: +1.00%
Price / MA20: +1.49%
Price / MA50: +1.79%
Price / MA100: +5.44%
Price / MAexp7: +0.19%
Price / MAexp20: +0.87%
Price / MAexp50: +1.04%
Price / MAexp100: +1.27%

Quotes : 2020-08-05 15:39:00 - 15 min delayed data - NYSE Stocks

News


Don"t forget to follow the news on INTL. BUSINESS MACHINES. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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