Resistance

Time

<ul class="list-ic vertical">
 <li><span>1</span> <a>IBM stock price surged 0.36% in intraday on Friday and currently trades at $142.03.</a></li>
 <li><span>2</span> <a>International Business Machines stock price (NYSE: IBM) shows accumulation near the recent swing low.</a></li>
 <li><span>3</span> <a>The IBM share price slipped below the 50-day EMA indicating weakness in the short-term.</a></li>
</ul>
<p>International Business Machines (NYSE: IBM) stock price has witnessed an accumulation near the recent swing low for the past week. The accumulation is supported by the rising volume indicating the possibility of new positions being formed and the stock might try to resume its long-term trend.<br><br>Furthermore, the price trend analysis elaborates that the IBM stock persisted in a strong uptrend in the last quarter. The daily chart shows that the stock price bottomed out in the last week of May and surged from a low of $120 to a high of $150 thus gaining an over 15% return.<br><br>Thereafter, the stock price experienced a selloff and currently hovers near the recent swing low after slipping below the 50-day EMA. The rise in volume in the recent sessions indicates towards the buyers’ participation in the trend and the stock price might surge higher in the coming sessions.<br><br>The breakout above the 50-day EMA and $143 level might attract more short-term buyers to participate and the stock price might surge to break above the $150 level. Moreover, the breakdown below the $139.6 level may turn the short-term trend in favor of bears and the stock price might show a decline to reach the 200-day EMA.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh4.googleusercontent.com/FceFntUPQO8_v3WUoyCnDfQQOeu6TcNi8rw7f0GZ4YOnF0pFemRlUUnDNQf1t48Oh53JRHgnmh7-pY2n4KTuAnGQapLJEyGkCbxGDh9rL-Zw1QZJVKVY2wlncKwZ4f1_0lFZE7djHXCTuP46VJqtYQ0" alt="IBM Stock Price Accumulating The Lows: Time To Enter The Market?">
  <figcaption class="wp-element-caption">
   &nbsp;Source: barchart.com
  </figcaption>
 </figure>
</div>
<p><a href="https://www.thecoinrepublic.com/2023/09/28/ibm-stock-price-prediction-will-ibm-extend-pullback-to-150/" target="_blank" rel="noopener noreferrer nofollow">IBM stock</a>’s option-chain analysis states that the current implied volatility in the market of IBM is 26.23% with a decrement of 0.46% in the last trading session. The at-the-money strike price has 408 open contracts on the PUT side and 738 open contracts on the CALL side indicating the dominance of sellers at the current level.</p>
<h2 class="wp-block-heading" id="strong-ibm-stock-price-forecast-for-2023-strong"><strong>IBM Stock Price Forecast For 2023</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh5.googleusercontent.com/ydmHHoF0SGx3v77Au2gknqLOuwRo3_tk-RKW_SkqK4Zr0JgAsIRWrv1pU90gz_UIfRLRWlS80KUtbAbJGhcPOYLP2297lX2eXbTj_wgw3l9r-BnJYMHiJBizdvDMoFGYHzzOzuTOtpuz75WM7-_S3gQ" alt="IBM Stock Price Accumulating The Lows: Time To Enter The Market?">
  <figcaption class="wp-element-caption">
   Source: International Business Machines 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>The average analyst price target for IBM stock in 2023 is $147.47, which represents a potential upside of 3.83% from the current price. However, there is a wide range of analyst price targets from $110 to $188.</p>
<p>The most optimistic analysts believe that IBM stock could reach $188 in 2023 indicating an upside potential of over 32.37%. It is If the global IT and software industry grows strongly and International Business Machine Company is able to come up with new products successfully.</p>
<h3 class="wp-block-heading" id="strong-ibm-stock-price-slipped-below-the-50-day-ema-strong"><strong>IBM Stock Price Slipped Below The 50-Day EMA</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh4.googleusercontent.com/-viw24R8bM3yZUPq1oWefHlWJV__wfHDnDuMKIWsisTjulazd9vUs98yq2AwqEAR2xYyEW-6eS6StROGNouQDCvF4ElMUHpd4dSHZjjrHF64GM8Sr--GpF0r5S_XpH6m2yFZ_ByupfThbMif9k--uWw" alt="IBM Stock Price Accumulating The Lows: Time To Enter The Market?">
  <figcaption class="wp-element-caption">
   Source: International Business Machines 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>The overall technical indicators including the RSI and MACD signal a 56% “buy” with a weakening short-term outlook on maintaining the current direction. The long-term indicators fully support the continuation of the trend.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p><a href="https://www.thecoinrepublic.com/2023/09/28/ibm-stock-price-prediction-will-ibm-extend-pullback-to-150/" target="_blank" rel="noopener noreferrer nofollow">IBM stock</a> price witnessed an accumulation near the recent swing low. The stock shows accumulation after the dividends that broke the consolidation. The accumulation is supported by rising volume indicating the bulls entering the market. The price trend analysis shows the optimistic long term which might derive the short term if breaks above the $143 level. The breakout may surge the price higher above the $150 level. The technical indicators support the trend with a buy rating of 56%.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li><strong>Support levels:</strong> $139.63 and $136.73.</li>
 <li><strong>Resistance levels:</strong> $143.37 and $146.42.</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

IBM Stock Price Accumulating The Lows: Time To Enter The Market?

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