$IBM looking strongFor IBM I like think it'll definitely hit resistance but the good news is that it's above the current price point, and it'll probably hit $175 before it makes any meaningful pullback.
That's all!
IBM trade ideas
Immediate short on IBM!Thank you as always for watching my analysis. Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose! This is not financial advice just my opinion!
IBM - Turnaround story of the century?With all the AI meme companies rocking the market last year, this behemoth has silently honed its skills in that domain and could stand to benefit from the mass AI adaption in years to come. Monthly chart clearly shows the potential. 2024 is likely to mark the turnaround year for IBM.
Upside targets: 175, 190
Breakout of the flag.The flag formation is very clearly visible on the M30 in a strong bull market on D1. The flag was broken on Friday. The question arises whether we will be able to open a transaction on Monday at a good price, or whether the price will fly too quickly northward.
If it is possible to enter approximately as marked on the chart, there is a chance for an R:R of 1:1.3.
This is small, as there is concern about a reaction at the resistance level marked with a white line. This is a level marked on the D1 chart.
IBM meets heavy resistanceStrong resistance with a confluence of QR2 and FYR2 Pivots. The high could be in for 2023
Ripple's Metaco Floats Game-Changing Safety Tech With IBMRipple Labs-owned subsidiary Metaco has joined hands with IBM to create a major top tier tech for digital asset safety.
Ripple Labs’ wholly-owned subsidiary Metaco recently joined hands with IBM to introduce Hyper Protect Offline Signing Orchestrator (OSO), a new technology that will facilitate the deployment of cold storage for digital assets.
The Metaco and IBM Solution Deviates from the Norm
The launch of the advanced technology which was announced by IBM is targeted at addressing the requirements of top-tier banks and financial institutions. Markedly, the tool is a clear deviation from the conventional manual process of executing cold storage transactions. Moreso, it offers protection for high-value transactions by creating extra layers of security.
Other features of the IBM OSO are disconnected network operations, time-based security, and electronic transaction approval by multiple stakeholders. Per IBM’s announcement, “OSO is designed to address limitations of current cold storage offerings for digital assets, including the need for people to perform manual procedures for the execution of a cold storage transaction.”
Apart from all of the aforementioned features, Hyper Protect OSO breaks the communication barrier between applications that have been designed to not interact directly due to certain security concerns. Precisely, it provides a policy engine which acts as a bridge between these different applications, facilitating secure and efficient digital asset transactions.
More Proactive Partnerships
Metaco and IBM worked together with other entities to ensure that the newly launched tool is in alignment with client requirements. Metaco Harmonize provides a highly robust and secured orchestration platform for digital asset applications. At the same time, it intends to leverage this novel solution for its operations.
Adrien Treccani, founder and CEO at Metaco stated that it is the company’s responsibility to deliver cutting-edge digital asset security to Metaco clients, especially due to its position as a trusted provider of institutional grade custody infrastructure. Furthermore, Treccani acknowledged IBM’s reliability over the years as a partner.
The strategic partnership with IBM is one of Metaco’s numerous alliances to push advanced technologies and cryptocurrency. Standard Chartered’s Zodia Custody joined Metaco recently to roll out a new crypto custody solution. The offering gives institutions easy access to crypto storage and settlement, with complete security.
Bullish Breakout on IBM?
As you can see here, we are above VWAP therefore I think with enough volume, and a strong hiekin ashi candlestick close above the resistance line, on the 5 minute chart then I believe we are valid for a strong breakout. Definetely keep this stock on your watchlist. NYSE:IBM
International Business Machines *International Business Machines*
*IBM*
C&H; Formation on Yearly Basis.
C&H; Formation on Weekly Basis.
Price BreakOut Sustained.
RSI: 1HW<M
Multiple Resistance @ 164/166/169/176/182/185
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
International Business Machines *International Business Machines*
*IBM*
C&H; Formation on Yearly Basis.
C&H; Formation on Weekly Basis.
Price BreakOut Sustained.
RSI: 1HW<M
Multiple Resistance @ 164/166/169/176/182/185
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
$IBM Double Top In SightNYSE:IBM is approaching a potential Double Top formation, and we plan to set an alert on the chart to initiate a short position once it reaches $151.93. At this level, watch for a possible pierce or consider shorting. Set a stop-out if there is a close above this level for more than three days. If you currently hold a long position, it may be prudent to take profits.
Ascending TrianglePrice is at the resistance line today but there is another level right above when price broke the top line but failed to continue up (throwback). Throwbacks can hurt performance and are different than pull backs.
I used the term loose triangle as price does not completely fill the upper and lower lines.
Tight triangles perform better than loose triangles.
No recommendation.
IBM: A Risky Earnings TradeNYSE:IBM Reports after the market closes today. It is probably at or near its fundamental levels even if the report is weak.
The chart shows a strong support level as the stock price is at the neck of the bottom completion level.
IBM is in a long term trading range when viewed on a long term trend. The problem is a weak CEO who has failed at reinvention and a stock that is pricey for its growth potential.
However, it has more upside potential than downside. It would take a really negative report to create a strong run down. That is not likely.
PSHI is very low so less savvy investors own almost half the outstanding shares. This means trading the earnings report is riskier.
BM Unveils) Ground-breaking AI Chip: North PoleThe team is already several years into developing the next iteration of the potentially revolutionary NorthPole chip.
NorthPole achieves an astounding 25 times higher energy efficiency metric and boasts 22 times lower latency metrics compared to relevant benchmarks.
This implies the potential for post-GPU performance at significantly reduced energy costs.
Researchers have described NorthPole’s energy efficiency as “mind-blowing,” as reported in Nature
Bearish on IBM for 10-11-23.
As you can see here on the 15-minute chart of IBM. We are riding some trendlines. I am looking for us to break under today as we have rejected the 25 EMA, and we were under VWAP yesterday. Also, on the Daily chart, we are below 50 on the RSI. I would be looking at the 5-minute chart for a break under the trendline with heavy volume. Make sure you are under VWAP as well.
IBM Long - B wave formationIBM continues to consolidate after dropping down the A wave. If enough buying power comes in this should begin the B wave. Look for a target of around $145. Consider buying options 2 Fridays out once this is confirmed.
Neutral on IBM. Looking more bearish.
As you can see here we are at a demand zone. But, we are consolidating at this zone and that usually means we break through the zone. If we bounce off of the zone, I will look for it to retest the recent trendline that we have just broken. But, if we break through the zone, I will be looking for the stock to fall all the way down to the bottom Bollinger Band on the weekly chart. The P/E ratio is at 65 which is very high so I am leaning more bearish. Also, the market as a whole has an extreme fear index which could also signal a bearish ride for this stock. On the weekly chart, we were over-extended from the top Bollinger Band and have been red the last two weeks so I do look for this downtrend to continue. If we fall, this could be a money-making monster for a couple months out put and I feel we have more room to go down then up. My overall opinion is that we might go up in the short-term but the long term we could be headed for a landslide to the downside.
IBM, This is Huge, Massive BULL-Acceleration, BREAKOUT-Setup!Hello There!
Welcome to my new analysis of IBM. In recent times I have analyzed the stock and I have detected major important historical determinations within the analytics backend that are actually indicating an epical breakout has a high potential to emerge within the next times. Not every stock within the market is bullish however with IBM there are clear signs that it already had the potential to rebound since the grievous corona market shock lows and now as digitization increases this is already building a bullish base for IBM.
Within my chart, I have detected this gigantic inverse head-shoulder formation in combination with the paramount bull flag formation, both being two bullish formations that have the potential to be major bullish trend accelerants once the breakout above the boundary has shown up this is going to activate a major double confirmation here. The trend is supported by the major underlying demand structure as well as the EMAs and the main ascending trend line. Once the final breakout above the upper boundary of the inverse head-shoulder formation in combination with the upper boundary of the bull flag has shown up this is going to accelerate the demand trend dynamics.
Taking all these factors into consideration here as digitization since the corona pullback lows have been completed increased massively this is increasing the actual digitization demand within the market and for a stock like IBM, this means that there is a main underlying demand base that is accelerating a bullish trend dynamic. Once the main breakouts as mentioned within the next times have shown up this is going to activate the minimum target of 250 and above further continuations have an increased potential once the main demand and momentum spread into the trend direction increases. Because of the importance of this setup forming here, I am keeping the stock in my current watchlist.
In this manner, thank you everybody for watching my analysis of IBM. Support from your side is greatly appreciated.
VP
IBM: Navigating the Cloud and AI Era for Smart InvestmentsIBM: Navigating the Cloud and AI Era for Smart Investments
When Arvind Krishna assumed the role of CEO at IBM in 2020, he embarked on a transformation journey for the iconic tech giant, steering its focus towards cloud computing and artificial intelligence (AI). As this transformation reached its fruition, the rejuvenated IBM experienced a notable surge in its share price on September 20, following an "outperform" rating bestowed upon it by Matthew Swanson, an analyst at investment bank RBC Capital.
A Strategic Pivot for the Future
Considering the company's strategic pivot towards the thriving domains of cloud computing and AI, alongside the recent endorsement with an "outperform" rating, the question arises: Is investing in Big Blue a logical choice? Several compelling factors support the notion of acquiring IBM shares. However, it's worth noting that IBM's stock price has experienced an upward trajectory in recent months, currently hovering close to its 52-week high.
Warren Buffett's Wisdom
As the venerable Wall Street figure Warren Buffett has articulated, "For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favorable business developments." With this sage advice in mind, let's delve deeper into the company to assess whether IBM constitutes a prudent and promising long-term investment.
Dominating Cloud and AI
IBM stands out as an enticing investment option primarily due to its unwavering focus on two dynamic domains: cloud computing and artificial intelligence (AI). The company has honed its specialization in the hybrid cloud market, catering to clients seeking a blend of dedicated IT infrastructure for heightened privacy and shared infrastructure for cost efficiencies.
Within the cloud computing landscape, IBM ranks among the top six companies in terms of market share, positioning itself advantageously to harness the robust growth of the hybrid cloud sector. In 2021, this market was valued at $85 billion, and experts predict it will surge to an impressive $262 billion by 2027.
IBM's extensive experience spanning decades has propelled it to the forefront of the AI arena. Notably, IBM made history in 1997 when its AI technology defeated the reigning world chess champion. The company's latest AI offering, Watsonx, which was launched in July, has rapidly found favor with over 150 businesses, including prestigious institutions like NASA. Watsonx even played a pivotal role at Wimbledon by generating tennis commentary.
Quantum Leap in Technology
Moreover, IBM is actively involved in the development of quantum computers, which hold the key to unlocking more powerful iterations of AI. Quantum computers possess the ability to process vast volumes of data at unprecedented speeds, and IBM holds a prominent position as a leader in the burgeoning field of quantum computing.
Revenue Growth and Resilience
IBM's strategic technologies have propelled the company's revenue growth over the past three years, showcasing its resilience and adaptability. In the second quarter, which concluded at the end of June, the Red Hat division, the core of its cloud computing business, experienced an impressive 11% revenue surge. Simultaneously, the data and AI segment recorded a commendable 10% increase. Both segments fall under IBM's software business unit, which contributed significantly with $6.6 billion in Q2 revenue.
Strong Free Cash Flow and Dividend Track Record
IBM's prowess in technology adoption among its clientele also fuels revenue expansion in its consulting division, which aids clients in integrating the company's technical solutions. This segment achieved a 4% increase in Q2 sales, reaching $5 billion. Collectively, IBM's software and consulting divisions accounted for a substantial 75% of the Q2 revenue totaling $15.5 billion.
Furthermore, IBM boasts the capacity to generate dependable free cash flow (FCF), a crucial metric representing cash available for business investments, debt servicing, and dividend disbursements. By the close of Q2, the company had accumulated $2.1 billion in FCF and anticipates reaching $10.5 billion for the year, marking a substantial increase from the previous year.
IBM's robust FCF empowers it to maintain an attractive dividend yield, currently exceeding 4%. Impressively, IBM has consistently paid dividends since 1916, boasting 28 consecutive years of dividend increases.
Assessing the Share Price
Notably, while IBM has seen growth in its software and consulting divisions, its Q2 revenue of $15.5 billion experienced a marginal 0.4% decline compared to the preceding year's quarter. This dip was primarily attributed to a reduction in sales within its infrastructure segment, responsible for hardware sales like computer servers.
However, IBM anticipates year-over-year revenue growth of at least 3% in 2023, adjusting for currency fluctuations. In fact, when currency fluctuations are accounted for, Q2 year-over-year revenue exhibited a 0.4% increase.
Yet, investors may scrutinize IBM's share price, which currently hovers near its 52-week high. Nevertheless, RBC Capital analyst Matthew Swanson has set an optimistic price target of $188, marking a 30% increase from the current price.
Conclusion
To gauge IBM's potential, let's consider its forward price-to-earnings ratio (P/E), factoring in consensus price estimates from various analysts. In comparison to cloud competitors Microsoft and Oracle, IBM holds the lowest forward P/E, potentially indicating that its stock is undervalued relative to its peers.
However, it's worth noting that the average price target from analysts currently stands at $147 for IBM shares, aligning closely with the stock's current valuation. Therefore, substantial appreciation in IBM's stock price at its current level seems unlikely.
Nonetheless, IBM's high-yield dividend offers the prospect of consistent passive income over the years. With its strong foothold in the cloud computing and AI markets, coupled with robust FCF generation, IBM presents itself as an appealing long-term income stock.
Our preference
Above 132.00, look for 146.00 and 150.00
IBM Bearish Pattern!!!When taking a look at IBM, we an see that it has had an impressive climb over the past few weeks. This bullish climb is also printing a bearish reversal pattern. The rising wedge breaks out to the downside more than it breaks upward. With this being said and the price action approaching the end of the wedge, i would expect a drop from these levels to the next support around 5% down.
If you end up taking a trade, use risk management so you don't lose more than 1%-2% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.
IBM show a small level double topIBM show a small level double top
This figure shows the weekly candle chart of IBM's stock from the end of 2019 to the present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, IBM's stock tested the 2.000 position of the bottom up golden section twice in December 2022 and this month, completing the small level double top form! So for a period of time in the future, use the bottom of the graph to match the 1.618 position of the golden section as the watershed to judge the strength of IBM's stock!
IBM - Triple top!Triple top at 152 rejected by a hefty red bar this week. If the bar's low is convincingly broken as price breaks out of the wedge, (quite a bit) lower prices likely.
IBM shortRising structure was broken, but wen back to structure so after a test back short will be open.
Sell limit for IBMAssuming existing ownership of IBM stock. Using fibs, potential sell limit orders can be placed. The low sell limit has more odds. The highest sell limit could happen (you never know). The higher you go, the more chance you're taking it will reach that price at some point. Question is, how badly do you want to sell?
