IBM Stock Analysis & GEX Options Insights – Feb. 18
Technical Analysis (TA) for IBM
* Current Price Action: IBM is in a strong uptrend, forming an ascending wedge pattern on the 1-hour timeframe. The price is currently testing a key resistance zone.
* Support & Resistance Levels:
* Immediate Resistance: $265 – A breakout here could trigger more upside.
* Next Resistance: $280 – Aligns with the 3rd Call Wall from GEX data.
* Major Resistance: $285 – A strong rejection zone if price reaches this level.
* First Support: $257 – If IBM pulls back, this is the first demand zone.
* Major Support: $250 – A break below this could shift momentum bearish.
* Critical Breakdown Level: $235 – Losing this level would likely lead to a bigger sell-off.
* Indicators:
* MACD: Slight bullish momentum, but showing signs of exhaustion.
* Stochastic RSI: Mid-range, suggesting IBM could still move higher but may need a pullback first.
Options Flow & GEX Analysis
* GEX (Gamma Exposure):
* Highest Positive NetGEX / Call Resistance: $250 – IBM is trading above this level, suggesting support.
* 78.04% Call Wall: $265 – A key level IBM is testing now.
* 62.76% Call Wall: $280 – A major resistance area where price may slow down.
* Put Wall Support: $235 – The strongest downside support from options positioning.
* 3rd Put Wall: $215 – If IBM drops significantly, this could be the last support zone.
* IV & Sentiment:
* IV Rank (IVR): 23.4 → Moderate implied volatility, meaning options are fairly priced.
* IVx Avg: 28.1 → A slightly elevated volatility level.
* Options Sentiment: Calls = 10.7% → Slightly bullish options positioning.
Trade Setups
📈 Bullish Scenario (Breakout Play):
* Entry: Above $265 with strong volume.
* Target: $280 (Gamma Squeeze Potential).
* Stop Loss: Below $257.
📉 Bearish Scenario (Breakdown Play):
* Entry: Below $257.
* Target: $250 or $235 (Put Support).
* Stop Loss: Above $265.
Final Thoughts
* IBM remains bullish but is near key resistance at $265.
* A breakout above $265 could lead to a strong rally toward $280.
* A failure to hold $257 might trigger a pullback to $250 or lower.
* Best Trade Approach: Monitor price action at $265 for a breakout confirmation or $257 for breakdown confirmation before entering a trade.
🚨 This analysis is for educational purposes only. Trade responsibly and manage risk! 🚨
* Current Price Action: IBM is in a strong uptrend, forming an ascending wedge pattern on the 1-hour timeframe. The price is currently testing a key resistance zone.
* Support & Resistance Levels:
* Immediate Resistance: $265 – A breakout here could trigger more upside.
* Next Resistance: $280 – Aligns with the 3rd Call Wall from GEX data.
* Major Resistance: $285 – A strong rejection zone if price reaches this level.
* First Support: $257 – If IBM pulls back, this is the first demand zone.
* Major Support: $250 – A break below this could shift momentum bearish.
* Critical Breakdown Level: $235 – Losing this level would likely lead to a bigger sell-off.
* Indicators:
* MACD: Slight bullish momentum, but showing signs of exhaustion.
* Stochastic RSI: Mid-range, suggesting IBM could still move higher but may need a pullback first.
Options Flow & GEX Analysis
* GEX (Gamma Exposure):
* Highest Positive NetGEX / Call Resistance: $250 – IBM is trading above this level, suggesting support.
* 78.04% Call Wall: $265 – A key level IBM is testing now.
* 62.76% Call Wall: $280 – A major resistance area where price may slow down.
* Put Wall Support: $235 – The strongest downside support from options positioning.
* 3rd Put Wall: $215 – If IBM drops significantly, this could be the last support zone.
* IV & Sentiment:
* IV Rank (IVR): 23.4 → Moderate implied volatility, meaning options are fairly priced.
* IVx Avg: 28.1 → A slightly elevated volatility level.
* Options Sentiment: Calls = 10.7% → Slightly bullish options positioning.
Trade Setups
📈 Bullish Scenario (Breakout Play):
* Entry: Above $265 with strong volume.
* Target: $280 (Gamma Squeeze Potential).
* Stop Loss: Below $257.
📉 Bearish Scenario (Breakdown Play):
* Entry: Below $257.
* Target: $250 or $235 (Put Support).
* Stop Loss: Above $265.
Final Thoughts
* IBM remains bullish but is near key resistance at $265.
* A breakout above $265 could lead to a strong rally toward $280.
* A failure to hold $257 might trigger a pullback to $250 or lower.
* Best Trade Approach: Monitor price action at $265 for a breakout confirmation or $257 for breakdown confirmation before entering a trade.
🚨 This analysis is for educational purposes only. Trade responsibly and manage risk! 🚨
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.