IBM closes within previous day's range

International Business Machines (IBM) Technical Analysis Report for Sep 14, 2018

Highlights

IBM unable to break through key resistance level
IBM closes within previous day's range

TQ Sentiment

Report Sentiment: 0% Neutral
Technical Forecast:

Overview

IBM ended the week 1.98% higher at 148.33 after losing $0.62 (-0.42%) today. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range.

Daily chart for IBM

Volatility

Friday's trading range was $1.52 (1.02%), that's slightly above last trading month's daily average range of $1.44. Weekly volatility is also higher, being above the markets average with the monthly volatility being slightly below average.

Support/Resistance

Prices are trading close to a key support level at 147.30. Unable to break through the key technical resistance level at 149.27, the market closed below it after spiking as high as 149.30 during the day. The failure to close above the resistance could increase that levels importance as resistance going forward.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

Trading close to July's high at 150.54 we might see further upside momentum if potential buy stops at the level get triggered.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for International Business Machines

Loading Market Conditions for $IBM (International Business Machines)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when International Business Machines traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Market Movers

Related Stocks

AAPL 10 day candlestick chart for AAPL 218.37 0.13 (0.06%)
ACIA 10 day candlestick chart for ACIA 39.12 0.34 (0.88%)
ACN 10 day candlestick chart for ACN 173.14 0.73 (0.42%)
ADBE 10 day candlestick chart for ADBE 264.88 -5.91 (-2.18%)
ADI 10 day candlestick chart for ADI 92.58 0.72 (0.78%)
ADSK 10 day candlestick chart for ADSK 148.40 -0.39 (-0.26%)
AKAM 10 day candlestick chart for AKAM 73.74 -0.59 (-0.79%)
AMAT 10 day candlestick chart for AMAT 39.04 -0.15 (-0.38%)
AMD 10 day candlestick chart for AMD 31.21 -0.72 (-2.25%)
ANET 10 day candlestick chart for ANET 270.20 3.04 (1.14%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!