In the daily bar chart of IBM, below, we can see that the shares gapped lower in July and continue to struggle to regain or restart their longer-term uptrend. Prices have been trading around the 200-day moving average line. The 50-day moving average line intersects above the price action.
The On-Balance-Volume (OBV) has struggled since November. The Moving Average Convergence Divergence (MACD) oscillator has signaled a cover shorts buy signal.