What IBM’s Technical Indicators Say about the Stock
IBM’s shareholder returns and stock trends
As of July 26, 2017, International Business Machines (IBM) stock has fallen 10% in the trailing-12-month period. It fell 5.1% and 5.07% in the trailing-one-month period and the trailing-five-day period.
By comparison, peers Cognizant Technology Solutions (CTSH) and Teradata (TDC) in the IT consulting space generated returns of ~1.66% and -0.54%, respectively, in the trailing-five-day period. Accenture (ACN) stock rose 1.76% in the trailing-five-day period.
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IBM’s RSI, ATR, and volatility
As RSI helps us in the attempt to determine the buying and selling price of a stock, it is viewed as one of the most widely used technical indicators. Oracle’s ATR (average true range) value is ~0.51.
The ATR of a stock is a technical indicator that ascertains a stock’s volatility. This metric helps in making investment choices according to the risk profile.
IBM’s ATR value is 1.3. A stock’s ATR is the difference between the high and low price on any given day, and it provides information about the stock’s volatility. Large ranges indicate high volatility, while small ranges depict low volatility.