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International Business Machines Corp (IBM) Down 0.83%; Breaks Below 200 Day Average – CFD Trading


The Hourly View for IBM

Last Updated October 16, 2020, 11:15 GMT

At the time of this writing, IBM’s price is down $-0.89 (-0.71%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50 and 100 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

International Business Machines Corp Daily Price Recap

The choppiness in the recent daily price action of International Business Machines Corp continues; to start today, it came in at a price of 124.89 US dollars, down 0.83% ($1.05) since yesterday. This move happened on lower volume, as yesterday’s volume was down 9.17% from the day before — and down 12.55% from the same day the week before. Here is a daily price chart of International Business Machines Corp.

IBM

International Business Machines Corp Technical Analysis

Moving average crossovers are always interesting, so let’s start there: International Business Machines Corp crossed below its 200 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days International Business
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