|
|
Downtrend Broken Resist.Archive
- 4/26/2024 -
Sign In to see current Signals. |
Phillip Morris International Inc. (PM) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Phillip Morris International Inc. (PM). During the week, the PM gained 1.25 points, or 1.33%, and closed at 95.02 on Friday, April 26, 2024. Weekly volume was 115% above average.
 Long-term trend: [See PM long-term trend chart]
A long-term downtrend had started on February 18, 2022 at 112.48 and reached 82.85 on September 30, 2022. PM lost 29.63 points, or 26.34%, in 32 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (96.83). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See PM medium-term trend chart]
A medium-term downtrend had started on January 4, 2024 at 96.82 and reached 87.82 on April 15, 2024. PM lost 9.00 points, or 9.30%, in 14 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (95.68). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See PM weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
 Short-term trend: [See PM short-term trend chart]
A short-term uptrend had started on April 15, 2024 at 87.82 and reached 99.90 on April 25, 2024. PM gained -12.08 points, or -13.76%, in 10 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See PM daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. 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 Lane's Stochastic help.
The daily MACD line is above its signal line since April 17, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
The distance between the Bollinger Bands (12.33%) is close to one year high (10.11%). It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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.
| |
|
|