International Business Machines Corporation, also known as IBM, operates as an integrated solutions and services company worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, Internet of Things (IoT), weather, and security software and services application areas.
Is IBM (NYSE: IBM) stock undervalued? The weekly timeframe is clearly trending up, and as of the 19th of December 2022, a strong weekly demand imbalance has taken control. As supply and demand swing traders, we expect a nice reaction to this IBM stock buying opportunity. The imbalance is trading at $108 per share.
Is IBM stock undervalued? IBM is a technology titan currently executing a new platform strategy focusing on the hybrid cloud and AI. Remember not to consider fundamental stock analysis as supply and demand trading. However, the stock reported strong financial results in Q3 2022, beating revenue estimates and adjusted earnings. According to market research commissioned by IBM, more than 70% of IT decision-makers have adopted the hybrid cloud strategy.
The weekly timeframe is clearly trending up, and as of the 19th of December 2022, a strong weekly demand imbalance has taken control. As supply and demand swing traders, we expect a nice reaction to this IBM stock buying opportunity. The imbalance is trading at $108 per share. IBM stock price is poised to benefit from this strong weekly demand imbalance at $138 per share, together with the Artificial Intelligence and Hybrid cloud industry growth.
The old IBM company was founded in the early 20th century. The company was a pioneer in the computing industry, with its mainframe computers having a dominant market share. However, IBM didn’t take the personal computing market too seriously. Look what has happened to the personal computer industry since then. The new IBM company is going through a period of reinvention and has taken a different business model. The Cloud and AI are essential parts.
IBM supply and demand stock analysis below has been shared with Set and Forget online trading academy. The chart below is a screenshot of IBM’s weekly timeframe submitted to the academy’s stock channel.
As supply and demand traders, we do not need to pay attention to fundamental analysis. Unless you are doing very short-term trading and scalping, you should not worry about fundamentals for stocks and ETFs.
Trading is just waiting for the right trigger points and scenarios to present themselves, this game has a name, and it’s called the waiting game. We must patiently wait for the correct scenarios and setups to happen and for the price to pull back or dip into the price levels we want to trade. These price levels are made of supply and demand imbalances in our case. You can use these imbalances to plan your trades in lower timeframes.
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