International Business Machines Stock Forecast
International Business Machines stock price up 1.05% on Wednesday
(Updated on Apr 24, 2024)
The International Business Machines stock price gained 1.05% on the last trading day (Wednesday, 24th Apr 2024), rising from $182.19 to $184.10. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.59% from a day low at $181.40 to a day high of $184.29. The price has been going up and down for this period, and there has been a -1.04% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 483 thousand more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately $1.18 billion.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect International Business Machines stock with a 90% probability to be traded between $180.06 and $198.11 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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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 1.57%. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $189.13. On a fall, the stock will find some support from the short-term average at $182.58. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 $183.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.89 (1.59%) between high and low. For the last week, the stock has had daily average volatility of 1.87%.
Our recommended stop-loss: $173.40 (-5.81%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (IBM) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect International Business Machines Corporation to open at $183.26, and during the day (based on 14 day Average True Range), to move between $180.64 and $187.56, which gives a possible trading interval of +/-$3.46 (+/-1.88%) 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 $183.66 (0.24%) than the resistance at $187.42 (1.80%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for International Business Machines stock to perform well in the short-term period.
Current score: 1.378 Buy Candidate Unchanged
Predicted Opening Price for International Business Machines Corporation of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $183.26 ( 0.454%) | $184.10 |
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 | 186.15 | 1.12 % | |
| R2 | 185.05 | 0.516 % | ||
| R1 | 184.37 | 0.145 % | ||
| Current price: | 184.10 | |||
| Support | S1 | 182.16 | -1.05 % | |
| S2 | 181.48 | -1.42 % | ||
| S3 | 180.37 | -2.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 193.06 | 4.87 % | |
| R2 | 190.43 | 3.44 % | ||
| R1 | 187.42 | 1.80 % | ||
| Current price | 184.10 | |||
| Support | S1 | 183.66 | -0.239% | |
| S2 | 183.42 | -0.369% | ||
| S3 | 182.19 | -1.04% |
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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