International Business Machines Stock Forecast
Green day on Friday for International Business Machines
(Updated on Apr 19, 2024)
The International Business Machines stock price gained 0.0606% on the last trading day (Friday, 19th Apr 2024), rising from $181.47 to $181.58. During the last trading day the stock fluctuated 1.23% from a day low at $180.57 to a day high of $182.79. The price has fallen in 7 of the last 10 days and is down by -4% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 28 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $437.10 million.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $181.60. A reaction back to this level may hold a second chance to get out before further falls.
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IBM Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.182%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The International Business Machines stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $182.76 and $189.84. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for International Business Machines stock
International Business Machines finds support from accumulated volume at $179.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.22 between high and low, or 1.23%. For the last week the stock has had daily average volatility of 1.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IBM) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect International Business Machines Corporation to open at $181.65, and during the day (based on 14 day Average True Range), to move between $178.18 and $184.98, which gives a possible trading interval of +/-$3.40 (+/-1.87%) up or down from last closing price. If International Business Machines Corporation takes out the full calculated possible swing range there will be an estimated 3.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $179.70 (1.04%) than the resistance at $187.42 (3.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
International Business Machines will release earnings AMC on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.59. We will update the financials statements for International Business Machines, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.67% in the first trading day after earnings release.
Is International Business Machines Corporation stock A Buy?
The International Business Machines stock holds several negative signals and despite the positive trend, we believe International Business Machines will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.877 Sell Candidate Unchanged
Predicted Opening Price for International Business Machines Corporation of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $181.65 ( 0.0367%) | $181.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IBM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 183.87 | 1.26 % | |
| R2 | 183.02 | 0.792 % | ||
| R1 | 182.49 | 0.504 % | ||
| Current price: | 181.58 | |||
| Support | S1 | 180.80 | -0.430 % | |
| S2 | 180.27 | -0.719 % | ||
| S3 | 179.43 | -1.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 193.06 | 6.32 % | |
| R2 | 190.43 | 4.87 % | ||
| R1 | 187.42 | 3.22 % | ||
| Current price | 181.58 | |||
| Support | S1 | 179.70 | -1.04% | |
| S2 | 173.93 | -4.21% | ||
| S3 | 172.83 | -4.82% |
IBM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Feb 09, 2024 | Mar 09, 2024 | $1.66 | 0.85% |
| 2 | Jan 30, 2024 | Feb 08, 2024 | Mar 09, 2024 | $1.66 | 0.85% |
| 3 | Oct 30, 2023 | Nov 09, 2023 | Dec 09, 2023 | $1.66 | 1.02% |
| 4 | Jul 24, 2023 | Aug 09, 2023 | Sep 09, 2023 | $1.66 | 1.12% |
| 5 | Apr 25, 2023 | May 09, 2023 | Jun 10, 2023 | $1.66 | 1.23% |
FAQ
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