International Business Machines Corporation (IBM) declined in its latest intraday trading, as it attempts to establish a higher low that could serve as a base for regaining positive momentum and resuming its recovery. The stock remains supported by dynamic backing from trading above its 50-day SMA, and it continues to move within a dominant upward trend along a short-term ascending trendline. Additionally, a bullish divergence is beginning to form in the Relative Strength Index, after it reached extremely oversold territory relative to price action, with early bullish signals starting to appear.

Therefore we expect the stock to rise in upcoming sessions, provided support at $277.20 holds, targeting the key resistance level at $296.00.

Todays price forecast: Bullish.

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Weekly performance report available here: Trading Signal Results Week of July 1418, 2025