Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Friday, May 3, 2024.
International Business Machines Corporation (NYSE:IBM)
Bear Market Rally (-75) - IBM is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on IBM as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid IBM?
MarketClub looks at technical strength and momentum to determine if the timing is right for IBM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for IBM
The long-term trend has been DOWN since May 1st, 2024 at 165.2605
The intermediate-term trend has been DOWN since Apr 1st, 2024 at 188.5300
The short-term trend has been UP since Apr 23rd, 2024 at 183.4600
Smart Scan Analysis for IBM
Based on our trend formula, IBM is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 164.34 | 164.88 | 162.62 | 164.52 | +0.09 |
| Prev. Close | Volume | Bid | Ask | Time |
| 164.69 | 3064931 | 2024-05-02 15:59:10 |
| Year High | 171.13 | Year High Date | 2018-01-18 |
| Year Low | 114.09 | Year Low Date | 2018-10-31 |
| 52wk High | 199.18 | 52wk High Date | 2024-03-12 |
| 52wk Low | 120.55 | 52wk Low Date | 2023-05-11 |
| Year End Close | 191.55 | Average Volume | 4,723,519 |
| Shares Outstanding | 916,745 | Short Interest | 12,795,084 |
| % Institutional | 57.5 | Market Cap | 127,211M |
| Assets | 137,169,000M | Liabilities | 113,908,000M |
| P/E Ratio | 20.2003 | Beta | 0.62 |
| Volatility | 29.94 |