IBM stock: buy or sell

IBM stock price: $141.77 -0.69% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

1

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

IBM ratings

We don't have any rating posted in the last 30 days for IBM

IBM stock analysis

SMAs overview

IBM stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $143.03 (0.89% above)
  • R2: $143.09 (0.93% above)
  • R3: $143.87 (1.48% above)
  • The current support levels are:

  • S1: $141.62 (-0.11% below)
  • S2: $141.45 (-0.23% below)
  • S3: $141.35 (-0.30% below)
  • Bollinger bands

    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

    IBM stock Bollinger Bands chart

    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 RSI chart

    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

    IBM stock price history chart

    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.

    IBM performance

    IBM performance compared
    Company1m3m6m
    IBM ($IBM) -2.40% -0.50% 18.30%

    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

    IBM summary

    Wednesday, July 28th, 2021
    Open$143.01
    Close$141.77
    Day range$141.64 - $143.1
    Previous close$142.75
    Session gain-0.69%
    Average true range$2.59
    50d mov avg$144.20
    100d mov avg$139.63
    200d mov avg$129.09
    Earnings dateOctober 20th, 2021

    Frequently asked questions

    What is IBM stock symbol?

    International Business Machines Corporation is a public company trading in the US stock market with the IBM symbol

    Is IBM stock a buy or sell?

    IBM had no ratings in the last four weeks Read the article to get additional tips on trading IBM stock.

    Will IBM go up?

    There were no price targets issued by market analysts in the last month for IBM.