International Business Machines Corp.(NYSE:IBM) Downward Trend

International Business Machines Corp.(NYSE:IBM) Downward Trend

International Business Machines Corp.(NYSE:IBM) Downward Trend

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are ranging.

The projected upper bound is: 163.85.

The projected lower bound is: 153.08.

The projected closing price is: 158.47.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 1 white candles and 8 black candles for a net of 7 black candles. During the past 50 bars, there have been 24 white candles and 25 black candles for a net of 1 black candles.

Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 14.7672. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 5 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 42.65. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 101 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -114.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 3 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 20 period(s) ago.

Rex Takasugi – TD Profile

INTL BUS MACHINE closed down -0.310 at 158.320. Volume was 30% below average (neutral) and Bollinger Bands were 45% narrower than normal.

Open High Low Close Volume___
159.100 160.420 157.850 158.320 753,759

Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 160.07 157.79 144.63
Volatility: 8 23 25
Volume: 952,445 1,095,622 1,240,701

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary
INTL BUS MACHINE is currently 9.5% above its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of IBM.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on IBM.N and have had this outlook for the last 4 periods.

Description

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services). Its GBS segment provides consulting and systems integration, application management services and process services. The software segment consists primarily of middleware and operating systems software. The Systems Hardware segment provides clients with infrastructure technologies. The Company’s Global Financing segment includes client financing, commercial financing, and remanufacturing and remarketing.
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