International Business Machines Corp Stock Forecast

Stronger technical forecast for International Business Machines Corp stock price after Friday trading.
(Updated on May 03, 2024)

IBM.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 0.601%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The International Business Machines Corp 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 157.33€ and 171.31€. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for International Business Machines Corp stock

International Business Machines Corp finds support from accumulated volume at 152.98€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 1.62€ between high and low, or 1.06%. For the last week the stock has had daily average volatility of 1.38%.

International Business Machines Corp is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: 144.74€ (-5.95%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 16 which reduces the risk some. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (IBM.F) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect International Business Machines Corporation to open at 153.71€, and during the day (based on 14 day Average True Range), to move between 150.76€ and 157.04€, which gives a possible trading interval of +/-3.14€ (+/-2.04%) 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 4.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 152.98€ (0.60%) than the resistance at 156.04€ (1.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is International Business Machines Corporation stock A Buy?

International Business Machines Corp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.845 Hold/Accumulate Upgraded

Predicted Opening Price for International Business Machines Corporation of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.