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Stock Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

International Business Machines Corporation (NYSE:IBM)

Sidelines Mode (-55) - IBM is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

NYSE_IBM
Open High Low IBM Price Change
170.00 170.75 168.38 170.53 +1.03
Entry Signal

MarketClub’s Trade Triangles for IBM

long term down The long-term trend has been DOWN since May 1st, 2024 at 165.2605

intermediate term down The intermediate-term trend has been DOWN since May 30th, 2024 at 165.8800

short term up The short-term trend has been UP since Jun 5th, 2024 at 166.9700

Smart Scan Analysis for IBM

Based on our trend formula, IBM is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for IBM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
170.00 170.75 168.38 170.53 +1.03
Prev. Close Volume Bid Ask Time
170.55 2574294 2024-06-18 15:59:14
Year High171.13Year High Date2018-01-18
Year Low114.09Year Low Date2018-10-31
52wk High199.1852wk High Date2024-03-12
52wk Low129.1852wk Low Date2023-06-23
Year End Close191.55Average Volume3,410,313
Shares Outstanding916,745Short Interest12,795,084
% Institutional57.5Market Cap127,211M
Assets137,169,000MLiabilities113,908,000M
P/E Ratio19.293Beta0.62
Volatility29.94
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