International Business Machines Corporation

Company Overview: International Business Machines Corporation (NYSE: IBM) is engaged in addressing the hybrid cloud and artificial intelligence (AI) opportunity with a platform-centric approach, focused on providing client value through a combination of technology and business expertise. Its segments include Software, Consulting, Infrastructure and Financing.

As per our previous US Daily Report published on ‘IBM’ on 06^th November 2024, Kalkine provided a ‘Buy’ stance on the stock at USD 207.57 based on ‘’decent fundamental, consistent top-line result, higher profitability ratios, associated risks, healthy cash balance, and current valuation” and the stock price has now moved by ~23.19% since then and attained resistance 1 and resistance 2.

Noted below are the details of support and resistance levels provided in our previous report:

IBM’s Daily Chart

Considering the current trading levels, current macro environment, resistance 1 and 2 attainment, and risks associated, a ‘Sell’ rating is assigned to the “IBM” at the closing market price of USD 255.70, as of January 31, 2025.  

Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is January 31, 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’