2026-04-02
Market Status: IBM is showing early signs of recovery after a downtrend, currently trading at $248.16 but still significantly below its 50-day EMA ($260.66) and 200-day EMA ($270.69). The stock remains in a bearish longer-term trend but is building short-term momentum.
Technical Indicators: MACD histogram is expanding positively (1.25), suggesting strengthening bullish momentum. RSI climbed from 42.7 to 50.4 in just 3 days - crossing above the neutral 50 level signals buyers are taking control. The 9-day EMA is flattening, indicating potential trend reversal.
Prediction: Tomorrow likely sees a green candle as momentum continues. Week expected to close above Monday's open of $242.12 if current trajectory holds. However, the 50-day EMA at $260 will be a major resistance test ahead.
Trend: 🚀 BULLISH
Candlestick Pattern: Three White Soldiers forming (2026-03-31 to 2026-04-02): Three consecutive green candles with higher closes, gaining +2.12, +1.02, and +5.16 points. Strong bullish reversal pattern indicating accumulation.
Support: 🟢 241.49
Resistance: 🔴 248.21
CALLBUYExpired IBM @ 250
Expiration: Apr 16, 2026 · 14 days out | This strategy has expired