Uptrend Under Pressure 100
Institutional selling is building — 7 distribution days in the last 25 sessions. Severe risk · 100/100 · 7 distribution days (SPY) Oct 26 Full briefing →
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IBM · International Business Machines Corporation

$253.44 -0.05% Oct 26 close
No confirmed setup in the latest scan

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$IBM

International Business Machines Corporation

International Business Machines Corporation is a mega-cap Information Technology Services company in the Technology Services sector with a market cap of $240B.

Technology Services Information Technology Services stock Stage 3 · Topping Base 1
$253.44 latest close
Market Structure
Trend structure: downtrend
Latest event: bos (bearish)
Resistance 288.07–289.79 · 3 touches · moderate
Earnings

Normal technical setup

Next earnings Wednesday, October 21, 2026 After market close Exact clock time not supplied by source

Deterministic evidence

Reported EPS 2.95 vs estimate 2.8866 · surprise +2.2%

IBM-0.05%
Sector proxy · XLK+1.69%
Broad market · SPY+0.71%
Same completed session window ending 2026-10-26. IBM was -1.74 points vs XLK. -0.76 points vs SPY.

Session internals Mixed

Rule: direction and internals disagree — it met neither the strong nor the weak rule. Judged on internals, not on the size of the move.

Vs prior close-0.05% From the open+0.17% Range position51% GapNo gap
QQQ confirmationDiverging (+1.11%) SMH confirmationDiverging (+2.74%)
Short-term conviction -2 points.
  • Positive catalyst received negative stock confirmation.
  • QQQ, SMH moved against the stock — no index confirmation.
Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.

Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.

Price $253.44 -0.1% Oct 26 close
52W High $332.46 23.8% below high
Wks Since High 20w
Base Depth 40.1%
SMA 50 $233.42
Avg Vol 5,543,496
Rel Vol (Oct 26) 0.68× 1.23× on up days
More stats
52W Low $199.19
Tight Wks 0
Base B1
SMA 200 $250.21
Group Rank #18/65
ADR% 2.8%
ATR(14) $7.52 (3.0%)
Vol Pace (live) N/A
A/D Days 17A / 12D
A/D Rating A+
Power Trend 3d
Earnings past
Position in 52-week range 41stpercentile of the 52-week range
$199.19low
$332.46high

IBM Chart

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Technical Analysis Report Card

$IBM · $253.44 · as of 2026-10-26 · multi-factor read
65
/ 100
Buy

Trend · Daily / Weekly / Monthly

Daily ▬ Sideways / consolidating
Weekly ▬ Sideways / consolidating
Monthly ▬ Sideways / consolidating

Moving Averages

50-day$233.42 ↑
100-day$242.88 ↑
200-day$250.21 ↑
Bearish (50 < 200)

RSI (14)

Reading71.0 · Overbought

Overbought — buyers extended; watch for a pause or pullback.

MACD (12/26/9)

StateBullish
Histogram+3.351

Bullish — MACD above its signal line and above zero. Histogram contracting.

Bollinger Bands (20,2)

%B / Width94% · 20.5%

Near the upper band — buyers in control.

Volume · Buyer vs Seller

Up/Down vol1.23 · Neutral
Rel volume0.68×
Pocket pivots · 10d2
5d vs 50d vol138%
Heavy vol up / down3 / 0

Balanced — up/down volume is roughly even; no clear hand. Recent volume is expanding versus its baseline.

  • Pocket pivot 2 sessions ago — up-day volume beat every down day of the prior 10 sessions.
  • 3 heavy-volume up days vs 0 down in the last 20 sessions.

Support & Resistance

R · $258.50swing level
R · $311.80swing level
R · $332.4652-week high
Price · $253.44now
S · $243.68swing level
S · $229.34swing level
S · $221.73swing level

Fibonacci · Downtrend swing

23.6%$230.64
38.2% ◄ price here$250.10
50.0%$265.82
61.8%$281.55
78.6%$303.94

Retracement resistance zones measured from the recent swing high down to the low.

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Above 200-day MA50/200 bearishRSI overbought5.2:1 reward-to-risk
Want this read in a legend's voice? Ask a Legend about IBM
Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Base & Breakout
Breakout follow-through

No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?

Latest candle: Doji — Open and close nearly equal — indecision. After a strong move it can signal a pause or pending reversal; wait for confirmation.

RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH
72RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net +1 A+
A: 13 D: 12 Net: +165 sessions

No patterns detected

This symbol didn't match any pattern in the latest scan.

Minervini Trend Template

3/8

Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.

Price above SMA 150 & 200 $253.44 vs SMA150 $243.09 / SMA200 $250.21
SMA 150 above SMA 200 SMA150 $243.09 vs SMA200 $250.21
SMA 200 trending up Slope -7.06 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $233.42
Price above SMA 50 $253.44 vs SMA50 $233.42
30%+ above 52-week low +27.2% from $199.19
Within 25% of 52-week high -23.8% from $332.46
RS score above 70 RS 50

Fundamentals

52W Range
41%
Mkt Cap SEC
239.6B
Rev YoY
+8%
EPS TTM
$11.17
P/E TTM
22.7x
Float
945M
Insider
No Buy

Company

Company profile
International Business Machines Corporation
IBM · NYSE · Technology Services · Information Technology Services

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