What implications does the 10-day RSI indicator have for IBM?

The 10-day RSI Indicator for IBM moved out of overbought territory on September 06, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 42 similar instances where the indicator moved out of overbought territory. In 15 of the 42 cases, the stock moved lower in the following days. This puts the odds of a move lower at 36%.

What does the Stochastic Oscillator suggest about IBM's trend?

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 27 of 59 cases where IBM's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 46%.

How did IBM's Momentum indicator behave recently?

The Momentum Indicator moved above the 0 level on August 13, 2024. You may want to consider a long position or call options on IBM as a result. In 50 of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 61%.

What does a 3-day price advance indicate for IBM?

Following a +1.85% 3-day Advance, the price is estimated to grow further. Considering data from situations where IBM advanced for three days, in 205 of 339 cases, the price rose further within the following month. The odds of a continued upward trend are 60%.

What does a 3-day decline signify for IBM's future price movement?

Following a 3-day decline, the stock is projected to fall further. Considering past instances where IBM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 44%.

What does IBM breaking above its upper Bollinger Band indicate?

IBM broke above its upper Bollinger Band on September 04, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

How does the Aroon Indicator reflect on IBM's trend?

The Aroon Indicator entered an Uptrend today. In 150 of 237 cases where IBM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 63%.

IBM

AS OF

Sep 9 closing price

Price

$203.53

Change

+$2.79 (+1.39%)

Capitalization

187.48B

43 days until earnings call

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Dem Sem

published in Blogs

Jun 29, 2023

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Positive Outcome: Trader Robots Deliver +3.51% Growth for IBM Last Week

These sophisticated algorithms analyze market data and execute trades with speed and precision. Two prominent AI trading bots, Swing Trader, Popular Stocks: Long Bias Strategy (TA&FA) and Day Trader, Popular Stocks: Short Bias Strategy (TA&FA), have shown impressive performance, generating a gain of +3.51% while trading IBM over the previous week. In this article, we will delve into the earning results and technical indicators that influenced these trading bots' strategies.

Technical Analysis:

The 10-day moving average for IBM recently exhibited a bullish crossover, crossing above the 50-day moving average on May 25, 2023. This development is generally regarded as a positive signal, suggesting a shift in the stock's trend towards higher prices. Historical analysis reveals that in 12 out of 17 previous instances when the 10-day moving average crossed above the 50-day moving average, the stock continued to move higher over the following month. Based on this data, there is a 71% probability of a continued upward trend in IBM.

Earnings Results:

IBM's most recent earnings report, released on April 19, showed earnings per share (EPS) of $1.36. This figure exceeded market expectations, which had estimated EPS at $1.27. The positive earnings surprise indicates that IBM's financial performance was stronger than anticipated, potentially boosting investor confidence in the company.

Market Capitalization:

With 680.09K shares outstanding, IBM's current market capitalization stands at 119.26B. Market capitalization is a measure of a company's total market value and is calculated by multiplying the number of outstanding shares by the stock's current price per share. It provides investors with a snapshot of the company's overall worth in the eyes of the market.

AI trading bots have demonstrated their ability to leverage technical analysis and market data to make informed trading decisions. In the case of IBM, these bots generated a +3.51% gain over the previous week.The bullish crossover of the 10-day moving average above the 50-day moving average and the positive earnings report indicate a potentially favorable outlook for the stock.

Related Ticker: IBM

IBM's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for IBM turned positive on August 15, 2024. Looking at past instances where IBM's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .

Notable companies

The most notable companies in this group are Accenture PLC (NYSE:ACN), International Business Machines Corp (NYSE:IBM), Xerox Holdings Corp (NASDAQ:XRX), Unisys Corp (NYSE:UIS).

Industry description

The industry, whose total market cap runs into trillions, makes hardware/software that allows data to be stored, retrieved, transmitted, and manipulated on computers. With the ever-increasing relevance of data, the information technology (IT) industry has gained momentous growth over the years, and continues to thrive on innovation. Some of the behemoths in the industry are International Business Machines Corporation, Accenture, and VMware, Inc.

Market Cap

The average market capitalization across the Information Technology Services Industry is 9.65B. The market cap for tickers in the group ranges from 0 to 214.1B. ACN holds the highest valuation in this group at 214.1B. The lowest valued company is ARSC at 0.

High and low price notable news

The average weekly price growth across all stocks in the Information Technology Services Industry was -2%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was 129%. APLD experienced the highest price growth at 80%, while KTHGF experienced the biggest fall at -54%.

Volume

The average weekly volume growth across all stocks in the Information Technology Services Industry was 27%. For the same stocks of the Industry, the average monthly volume growth was 34% and the average quarterly volume growth was -7%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 40

P/E Growth Rating: 63

Price Growth Rating: 79

SMR Rating: 74

Profit Risk Rating: 80

Seasonality Score: -23 (-100 ... +100)

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a manufacturer of various computer products through the use of advanced information technology

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Information Technology Services

Address

One New Orchard Road

Phone

+1 914 499-1900

Employees

305300

Web

http://www.ibm.com

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