The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 5/29/2026 -
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International Bus. Machines (IBM) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Relative Strength Index and Lane's Stochastic are overboughtThe price is above the upper Bollinger BandThe period of high volatility of the stock price
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It was a second consecutive positive week for the International Bus. Machines (IBM). During the week, the IBM gained 43.96 points, or 17.32%, and closed at 297.80 on Friday, May 29, 2026. Weekly volume was 180% above average.

IBM is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See IBM long-term trend chart]
A long-term uptrend had started on November 26, 2021 at 114.56 and reached 324.90 on November 12, 2025. IBM gained -210.34 points, or -183.61%, in 206 weeks. The price is now at the 12.88% retracement level.

Medium-term trend: [See IBM medium-term trend chart]
A medium-term downtrend had started on November 12, 2025 at 324.90 and reached 212.34 on May 13, 2026. IBM lost 112.56 points, or 34.64%, in 26 weeks. The price is now at the 75.92% retracement level.

Weekly Technical Indicators: [See IBM weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since January 2, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See IBM short-term trend chart]
A short-term uptrend had started on May 13, 2026 at 212.34 and reached 301.00 on May 29, 2026. IBM gained -88.66 points, or -41.75%, in 16 days. Price is near the trend high.

Daily Technical Indicators: [See IBM daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since May 19, 2026. This is an indication that the short-term trend is up.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is 100.09% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.27
Overbought
Williams' Percentage Range (W%R) 26.70
Lane's Stochastic (%D-Slow) 84.42
Overbought
Greed/Fear Indicator (GFI) 79.99
Moving Average Converg./Diverg. (MACD) 1.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.11
Williams' Percentage Range (W%R) 39.60
Lane's Stochastic (%D-Slow) 34.32
Greed/Fear Indicator (GFI) 51.03
Moving Average Converg./Diverg. (MACD) -10.60
Trading Signals
Description Value Chart
Price 297.80
Daily Stochastic Crossing 288.86
Upper Bollinger Band 283.87
Weekly Stochastic Crossing 245.33
50 Day Moving Average 239.22
20 Day Moving Average 235.87
Parabolic System 231.67
Lower Bollinger Band 203.65
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry IT Consulting & Other Services 17
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 212.34
Low Date 05/13/2026
High 301.00
High Date 05/29/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 212.34
Low Date 05/13/2026
High 301.00
High Date 05/29/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 324.90
High Date 11/12/2025
Low 212.34
Low Date 05/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 114.56
Low Date 11/26/2021
High 324.90
High Date 11/12/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 90.56
Low Date 03/23/2020
High 324.90
High Date 11/12/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.