IBM Struggles Below Key Moving Averages at $231.04
Bearish
Aug 24, 2026 at 9:02 PM
•
$231.04
(-1.97%)
International Business Machines Corp (IBM) closed down 1.97% at $231.04 on August 24.
Chart analysis reveals a mixed configuration:
Moving Averages
The stock trades below its 9-day EMA ($233.58) with the 21-day ($234.26) acting as overhead resistance.
Momentum
RSI at 44.9 is in neutral territory. MACD is bullish (-2.02 vs signal -3.28).
Volatility
Stock has been in a TTM Squeeze for 3 days, indicating compressed volatility and potential for a significant move.
While EMAs remain bearish, positive MACD divergence hints at potential support around $222.79.
Support sits at $222.79 with resistance at $241.92.