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Archive - 3/15/2024 - Sign In to see current Signals. |
Altria Group, Inc. (MO) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Altria Group, Inc. (MO). During the week, the MO gained 2.00 points, or 4.78%, and closed at 43.87 on Friday, March 15, 2024. Weekly volume was 68% above average. Long-term trend: [See MO long-term trend chart] A long-term downtrend had started on April 21, 2022 at 57.05 and reached 39.07 on October 26, 2023. MO lost 17.98 points, or 31.52%, in 79 weeks. The price is now at the 26.70% retracement level. Medium-term trend: [See MO medium-term trend chart] A medium-term downtrend had started on January 24, 2023 at 51.57 and reached 39.07 on October 26, 2023. MO lost 12.50 points, or 24.24%, in 39 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (39.08) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. MO may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend. Weekly Technical Indicators: [See MO weekly technical indicators chart] Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help. The weekly MACD line is above its signal line since December 29, 2023. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help. Short-term trend: [See MO short-term trend chart] A short-term uptrend had started on March 4, 2024 at 39.25 and reached 44.50 on March 15, 2024. MO gained -5.25 points, or -13.38%, in 11 days. The price is now at the 12% retracement level. Daily Technical Indicators: [See MO daily technical indicators chart] Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help. The daily MACD line is above its signal line since March 5, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong. During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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