IBM: Another Value Turnaround?International Business Machines has been in a downtrend for almost a decade, but now it could be showing signs of a turn.
The main pattern on today’s chart is the bullish gap following the last quarterly report on April 19. IBM has retraced almost all the jump but remains higher despite a big drop in the broader market at the same time.
The rally established prices above the 50-day simple moving average (SMA). That’s something of a feat that only nine members of the Technology Select Sector SPDR ETF managed to achieve yesterday, according to TradeStation data. (XLK’s portfolio includes 70+ companies.)
Speaking of the 50-day SMA, it’s rising toward the 200-day SMA. Is a “golden cross” coming soon?
Third, the stock’s long decline has produced a falling trendline that IBM has battled since June. Will the current strength result in a breakout through the downtrend?
Finally, consider that IBM jumped last month because management is finally shifting more of its revenue to cloud services. In that way, it may have potential as a “value turnaround,” similar to Oracle a year ago.
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IBM trade ideas
IBM announced dividend increases this weekInternational Business Machines Corporation is paying out a larger dividend than last year.
IBM Institute for Business Value (IBV) in cooperation with Celonis and Oxford Economics, surveyed almost 500 CSCOs across 10 industries including banking, consumer products, manufacturing and automotive. The study findings indicate that organizations are searching for ways to modernize their supply chains by embracing data and hybrid cloud strategies as well as prioritizing sustainability.
"The Confluence of post-COVID-19 challenges, inflation and supply issues, security, and sustainability has led to the most complex operating environment in modern business. This has forced organizations to rethink and rebuild their supply chains to be more agile, efficient, and sustainable," said Jonathan Wright, Managing Partner, Finance and Supply Chain Transformation, IBM Consulting. "Technology and data-fueled automation and intelligence are key to not only evaluating current workflows and inefficiencies, but in identifying new opportunities as well."
Sustainability over profit.
IBM FORCAST- on the weekly chart :the price strongly rejecting the level
- on the daily chart : even when it broke a good reen candle , we can notice a big attack from the seller that made that wick on the top with a confirmation red candle that the price will fall again
- personal opinion : the price got a chance of 80% of going down but not before doing a little fluctuation on the level
- best move : you can sell now if you want , but it'll be better to wait until today's candle to form
High risk setup for IBM long. IBMShort term outlook only.
Goals 130, 133. Invalidation at 181.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
IBM: bearish MACD crossover!MACD bearish crossover applicable.
Crossed below its 200-day sma.
Crossed below some major support.
Below 131.25 supports a bearish trend.
Crossing above this level will negate the bearish trend.
Downside price momentum supports the bearish trend.
RSI leaves enough room for further downside price potential.
IBM 3000+ Day Downtrend Breaking?$IBM #IBM has been in a HTF downtrend since 2013...3311 days.
Currently retesting trendline and forming a right shoulder of inverse HnS. Weekly close above 145 and PT would be 199.
nPOCs at 169, 180, 197.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. Never use just 1 indicator for confirmation.
7. Set Perimeters and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Price Action greater than Indicators/Fractals/MAs
10. Horizontals greater than Diagonals
Please Note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
IBM winding up for a pop I know my idea is simple and your welcome to check it with your own indicators but I propose that this stock is preparing for a torrential uptrend which will finally end a multi year downtrend. The reason is because the price is finding itself bound up within a tighter and tighter trading range over the past year. And with pressure must come release. Sure, we could see a break to the downside but fundamentally it just wouldn't make sense. The free cash flows are great and that's what investors look for when examining companies. This horse is gonna run! 🏇
IBM AnalysisA bearish idea for IBM , showing a potential drop below the major trendline that has been established
it can be compared to a point in the past where price also went under the major trendline (in red) and took a steep drop
I'm not sure how far it could drop but under the major trendline we will consider it bearish for traders
IBM may be setting up a bear break. "IB who"?
Posting some IBM analysis mostly to remind you that up until 2011 IBM was the king of the stocks. IBM was most certainly "Going nowhere". And IBM are still in business - but the stock went somewhere. For those who think holding stocks that are industry leaders is risk free, I'd recommend you look up the top 20 stocks of 50 years ago and see how many of them are still performing today. Being in it for the long run does not give default success - over time, things cycle out of their bullish patterns and things that have been bullish for decades can be bearish for decades.
IBM Forecast and OutlookMonthly View
IBM is operating in a type of bull pennant on the monthly chart that has been building up since March of 2013.
I would have liked to see this break out, but unfortunately, owning to the current market circumstances, its probably not going to happen in the near future.
Tech is being hit hard with this current bear market and IBM has managed to retain an admirable amount of strength. But I think the market is catching up to it and we will see a, at least for the short term, bearishness.
Technical supports are charted in purple. The levels are:
1. 118
2. 112
3. 106
4. 101
Will it reach all of these levels? I am not actually sure, but I do anticipate some, at least short term, bearishness.
We have a flat top bearish candle formation on heikin ashi on the monthly chart as well which, looking at IBM historically, generally means at least another month of continuation downwards.
I was previously in a swing trade long position on IBM until I looked at the monthly chart. I closed out today for a small win because I anticipate IBM selling off.
I am not shorting it though.
I am bullish on IBM, I am just acknowledging the market and the chart.
As always, not financial advice.
Trade safe and feel free to leave your comments, thoughts, criticisms, etc. :)
Take care!
Gartley/BullishIBM seems to be in a Gartley pattern.
The final leg pull to the .786 and is labeled as D. The retracement leg, called AB pulls to the .618 or very close. Peak 2 is lower than peak 1 in the crooked M unlike a Bullish shark or a Bullish Cypher where peak 2 is higher than peak 1.
The structure is labeled XABCD. Possible stop below D or where you see support.
No recommendation/Gap top overhead so resistance possible/red dashed line. Look left for the gap.
IBM has made it past the bottom of the gap which can now be support.
Look in the rearview mirror in multiple time frames and also good to lookup and down and all around (o:
IBM is sued for age discrimination by widow of ousted workerHundreds of former IBM employees are suing for age discrimination
Widow Denise Lohnn is suing on behalf of her late husband Jorgen, who killed himself after being fired from the firm in 2016, when he was 57
A company executive allegedly referred to older employees as 'dinobabies' that should be an 'extinct species' in an email quoted in court filings
Another said the company's 'dated maternal workforce' was something that 'must change' , writing that they were 'Not digital natives. A real threat for us'
A spokesperson denied that IBM engaged in mass age discrimination, noting that 37 percent of the company's new hired since 2010 were over the age of 40
The median age of the company's employees was 48 in 2020, the company said in a statement, unchanged since 2010
But IBM had fired as many as 100,000 older employees in 2019, according to a court deposition from Alan Wild, former vice president of human resources
Between 2013 and 2018, according to ProPublica, older employees accounted for 60 percent of job cuts
IBM update Not every organisation has the same appetite to adopt new technologies, which may hold them back, according to Visvanathan. “IBM recognises that people have legacy. The answer is not about pushing new technology down their throat,” he says.
“The reason we bought Red Hat is to give customers choice, to wrap an architecture around legacy IT,” he adds. In IBM’s vision of this architecture, “it only needs to be built once and can be deployed anywhere, across multiple cloud environments”.
It used to be the case that people could be sure they would not get fired for buying from IBM – but IBM is no longer the only option for IT leaders looking to build a secure and resilient IT architecture. There are a number of IT suppliers associated with a culture of innovation, and these are often used to stimulate innovation in IT departments.
IBM's Sustainability Accelerator ProgramLatinX have high participation in weather-exposed industries, such as construction and agriculture, which are especially vulnerable to extreme temperatures. With that same two °C temperature increase due to global warming, LatinX individuals are 43% more likely to currently live in areas with the highest projected decrease in labor hours due to extreme temperatures.
Globally, disasters related to weather, climate or water hazard caused 2 million deaths and US$ 3.64 trillion in losses between the 1970s and 2019. Research published in 2021 in the Journal Nature Climate Change used machine learning to analyze and map more than 100,000 studies of events that could be linked to global warming. Researchers paired the analysis with a well-established data set of temperature and precipitation shifts caused by fossil fuel use and other sources of carbon emissions. Aside from the critical finding that despite existing pledges, the planet is on track to heat up about 2.7 degrees Celsius (4.9 degrees Fahrenheit) by the end of the century, the researchers identified an immense gap in studies. For example, fewer than 10,000 studies looked at climate change's effect on Africa, and about half as many focused on South America. By contrast, roughly 30,000 published papers examined climate impacts in North America.