Stock Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
Intl Business Machines Corp (NYSE:IBM)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for IBM
The long term trend has been DOWN since Oct 17th, 2018 at 138.2000
The intermediate term trend has been UP since Nov 30th, 2018 at 124.6197
The short term trend has been DOWN since Dec 4th, 2018 at 121.4800
Smart Scan Analysis for IBM
Based on a pre-defined weighted trend formula for chart analysis, IBM scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||171.13||Year High Date||2018-01-18|
|Year Low||114.09||Year Low Date||2018-10-31|
|52wk High||171.13||52wk High Date||2018-01-18|
|52wk Low||114.09||52wk Low Date||2018-10-31|
|Year End Close||191.55||Average Volume||6,360,045|
|Shares Outstanding||1,129,932||Short Interest||12,795,084|