International Business Machines (IBM) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for IBM · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$235.15last close · Aug 4, 202652-week range $199.19 – $332.46 · 29.27% below the high

IBM Bullish Pennant Pattern

IBM is currently forming a bullish pennant on the daily timeframe. Detected Aug 4, 2026.

A bullish pennant is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $338.70 (+12.8%). Across 2,605 backtested bullish pennants, the setup followed through 57.4% of the time, averaging +0.99R; IBM's own bullish pennants have hit 0.0%.

DirectionBullishTarget$338.70Projected move+12.8%Breakout level$301.87

New to this pattern? What a bullish pennant is and how to trade it →

IBM's Most Recent Triangle Trade

IBM's most recent completed triangle resolved as a loss: it broke higher on Jan 29, 2026 near $317.86, then was stopped out at $289.05 on Feb 4, 2026 — a -1.03R move (9.1%) over 4 sessions. Across 125 backtested triangles, this setup wins 60.8% of the time.

OutcomeLossResult-1.03REntry$317.86Exit$289.05

Learn about triangle

How Bullish Pennants Have Performed

Win rate
57.4%
Avg return
+0.99R
Backtested trades
2,605
IBM win rate
0.0%

Historical pattern statistics (2006-08-15 – 2026-08-04), not a prediction.

How these backtests work →

IBM Pattern Trade History

Every completed pattern trade our nightly backtest found on IBM's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
TriangleJan 29, 2026 @ $317.86Feb 4, 2026 @ $289.05Loss-1.03R
Bullish PennantJan 7, 2026 @ $303.92Feb 11, 2026 @ $272.81Loss-2.09R
Rising WedgeNov 13, 2025 @ $309.26Feb 4, 2026 @ $279.44Win+1.91R
TriangleMay 5, 2025 @ $245.53Jul 2, 2025 @ $287.65Win+2.00R
TriangleApr 29, 2025 @ $238.29Jul 2, 2025 @ $287.65Win+3.56R
Falling WedgeApr 4, 2025 @ $238.00Apr 7, 2025 @ $222.70Win+1.03R
Rising WedgeJul 12, 2024 @ $179.94Aug 5, 2024 @ $183.31Win+0.35R
TriangleJun 17, 2024 @ $169.17Aug 5, 2024 @ $183.31Win+2.50R
TriangleJun 7, 2024 @ $169.97Aug 5, 2024 @ $183.31Win+2.07R
TriangleJul 19, 2022 @ $131.58Jul 21, 2022 @ $125.99Win+0.44R
TriangleJul 13, 2022 @ $137.18Jul 21, 2022 @ $125.33Win+1.70R
TriangleMay 26, 2022 @ $137.31Sep 15, 2022 @ $125.49Loss-1.03R

IBM Support and Resistance Levels

Nothing notable near price right now — the chart is quiet on the weekly view, and that's perfectly normal.

  • Much of the time charts simply drift between levels; the best reads are worth waiting for.
  • Keep an eye out for price approaching a floor (where it tends to steady) or a ceiling (where it tends to stall) — that's usually where the next readable move begins.

Nearest auto-detected support sits near $223.16, resistance near $305.42. These are chart/swing-derived levels, not formula pivots.

Resistance
$305.42$309.13$310.04$311.80$312.28$317.12$322.89$325.99$333.48
Support
$223.16$220.23$206.87

IBM Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$224.76$235.31$223.30$235.15
Aug 3, 2026$228.33$228.55$224.87$226.31
Jul 31, 2026$221.15$224.76$216.59$223.65
Jul 30, 2026$222.00$224.86$220.20$221.74
Jul 29, 2026$227.70$230.97$223.95$226.44
Jul 28, 2026$219.73$228.98$215.11$227.55
Jul 27, 2026$217.75$219.63$215.29$216.28
Jul 24, 2026$209.28$216.10$206.80$214.19
Jul 23, 2026$202.64$207.55$199.19$206.65
Jul 22, 2026$207.68$212.34$204.73$205.77

IBM Frequently Asked Questions

What chart pattern is IBM forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a bullish pennant on International Business Machines (IBM) on the daily chart, with a measured-move target of $338.70.
Is a bullish pennant bullish or bearish?
The bullish pennant detected on IBM is a bullish pattern, projecting a measured-move target of $338.70. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a bullish pennant pattern, and what is its win rate?
Across TradingPal's backtest of the bullish pennant family (2,605 trades over 631 symbols), it resolved in the expected direction 57.4% of the time with an average of +0.99R. These are historical statistics, not a prediction.
What are the support and resistance levels for IBM?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), IBM's nearest support is around $223.16 and nearest resistance around $305.42.
What is the price target if IBM's pattern breaks out?
The detected bullish pennant has a geometry-based measured-move target of $338.70 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was IBM's closing price on Aug 4, 2026?
International Business Machines (IBM) last closed at $235.15 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.