IBM stock: buy or sell
Jul 29th, 2021
IBM stock brief
- IBM stock scarcely moved -0.69% to close at $141.77 on the stock market on Wednesday.
- IBM released its earnings report on July 19
- International Business Machines Corporation provides integrated solutions and services worldwide.
Should I buy IBM stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $IBM stock a buy?
Currently, IBM stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $IBM will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell IBM stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies allow us to avoid rash decisions based on our emotions or the noise surrounding the market. Our trading system selects very simple setups to guide us on when is a good time to sell our shares. Be aware that these setups should not be used for shorting $IBM stock
A golden rule is that you should never keep a trading operation that yields higher than expected losses upon purchase. The timing to sell shares must always be ruled by the stop-loss (automatic or manual)
Is it time to sell IBM stock?
Currently, IBM stock doesn't match any of our preferred sell setups, so if you hold IBM stock and your operation is in profit probably is not time to sell now
We don't have any rating posted in the last 30 days for IBM
IBM stock analysis
Supports and resistances
The current resistances are:
The current support levels are:
The price is moving near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 in mid-June after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Wednesday was 48.67. IBM shares dropped a 6.29% since that level was lost
IBM stock price history
IBM went public on Jan 2nd, 1962 at $1.86 per share1. Since then, IBM stock surged by 7,522.04%, with an average of 127.49% per year. If you had invested $1,000USD in IBM stock on Jan 1962, it would be valued $76,220.43 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for IBM stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions release their price predictions based on the stock price action and the company fundamental data. Most of these estimates follow the release of new financial information by the company, and many times. If you are a small investor you shouldn't buy or sell based on these predictions.
We don't have any target price published in the last 30 days for IBM.
Earnings and financials
International Business Machines Corporation ($IBM) came out with quarterly earnings of $2.33 per share on July 19, matching the Wall St consensus estimate of $2.29 per share. Reported sales were $18.7 billion, consistent with the market forecasts as well.Compared to the same quarter last year, EPS was $2.18, so reported EPS is a gain of 6.88%. Revenue only changed on an annualized basis in the , from $181.2B to $187.5B last quarter.
IBM ($IBM) will host the quarterly earnings call next October. Wall Street analysts forecast of $2.50, that is a 7.30% more than Q2.
Important note:The viewpoints published in this post are personal and not recommendations for you to buy or sell stocks. The author of this document does not have an understanding of the particular situations of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for general educational motives only
|Wednesday, July 28th, 2021|
|Day range||$141.64 - $143.1|
|Average true range||$2.59|
|50d mov avg||$144.20|
|100d mov avg||$139.63|
|200d mov avg||$129.09|
|Earnings date||October 20th, 2021|