The Hourly View for IBM
Last Updated January 1, 2021, 12:39 GMT
At the moment, IBM’s price is down $-0.19 (-0.15%) from the hour prior. This is the 2nd consecutive hour IBM has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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 closed yesterday up 1.24% ($1.54); this denotes the 2nd day in a row it has gone up. The price move occurred on volume that was up 3.76% from the day prior, but down 42.62% from the same day the week before. Here is a daily price chart of International Business Machines Corp.
International Business Machines Corp Technical Analysis
Moving average crossovers are always interesting, so let’s start there: International Business Machines Corp crossed above its 20 day moving average 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 up over that time. price action traders in particular will want to note that the 14 and 90 day periods appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 16 out of the past 30 days.
Overheard Around the Web
Here’s what one trader on StockTwits recently had to say in regards to IBM:
$IBM Just sold my entire position after 11 years of holding this stock. I will not support this company with their targeting of lawful firearm owners. They are going to pay a hefty price for this IMO. Stock price is going to take a hit from the bad PR.