The Hourly View for IBM
Last Updated March 1, 2021, 12:45 GMT
At the time of this writing, IBM’s price is down $-3.41 (-2.76%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
International Business Machines Corp Daily price Recap
International Business Machines Corp came into today down 2.89% ($3.54) from the open of the previous day, marking the 2nd consecutive day it has gone down. The price move occurred on stronger volume; specifically, yesterday’s volume was up 59.11% from the day prior, and up 127.59% from the same day the week before. The daily price chart of International Business Machines Corp below illustrates.
International Business Machines Corp Technical Analysis
Notably, International Business Machines Corp crossed below its 20, 100 and 200 day moving averages yesterday. Volatility for International Business Machines Corp has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 10 days International Business Machines Corp’s price has gone down 7 them.
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about IBM:
$ARKK blah blah blah… Cathie is dismissive on everything in her latest youtube. High PE- who cares! Inflation? It is $GM and $IBM problem. High use of electricity mining bitcon? Oh, we have our own “white paper”. Blah blah blah still holding highest PE stock in all funds. blah blah blah…
“A single transaction of bitcoin has the same carbon footprint as 680,000 Visa transactions or 51,210 hours of watching YouTube, according to the site.” “<…> one dollar’s worth of bitcoin took 17 megajoules of energy, more than double the amount of energy it took to mine one dollar’s worth of copper, gold and platinum.”