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Downtrend Broken Resist.Archive
- 10/30/2026 -
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International Bus. Machines (IBM) Technical Analysis
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| Summary:
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| | It was a fourth positive week after 3 consecutive negative weeks for the International Bus. Machines (IBM). During the week, the IBM gained 4.25 points, or 1.68%, and closed at 257.81 on Friday, October 30, 2026. Weekly volume was -39% below average.
IBM is a member of Information Technology Sector. Information Technology is the second 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 March 23, 2020 at 90.56 and reached 332.46 on June 2, 2026. IBM gained -241.90 points, or -267.12%, in 323 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 184.36 and resistance is at 347.56. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See IBM medium-term trend chart]
A medium-term downtrend had started on June 2, 2026 at 332.46 and reached 199.19 on July 23, 2026. IBM lost 133.27 points, or 40.09%, in 7 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (223.31) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. IBM may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See IBM weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since October 16, 2026. The distance between MACD and the signal line is low, but getting bigger. 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 October 23, 2026 at 247.03 and reached 259.59 on October 30, 2026. IBM gained -12.56 points, or -5.08%, in 7 days. The price is now at the 14.17% retracement level.
 Daily Technical Indicators: [See IBM daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index and MACD have bearish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since October 8, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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