The Greedy Trader Weekly Analysis
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Archive
- 6/7/2019
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Phillip Morris International Inc.
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Summary:
Weekly :Lane's Stochastic is oversold
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal line
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It was a first positive week for the Phillip Morris International Inc. (PM). During the week, the PM gained 1.04 points, or 1.35%, and closed at 78.17 on Friday, June 7, 2019. Weekly volume was -22% below average.

Long-term trend: [See PM long-term trend chart]
A long-term downtrend had started on June 20, 2017 at 123.55 and reached 64.67 on December 27, 2018. PM lost 58.88 points, or 47.66%, in 79 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 53.64 and resistance is at 81.18. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See PM medium-term trend chart]
A medium-term downtrend had started on March 22, 2019 at 92.74 and reached 76.65 on June 5, 2019. PM lost 16.09 points, or 17.35%, in 10 weeks. The price is now at the 9.45% retracement level.

Weekly Technical Indicators: [See PM weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 weekly MACD line is below its signal line since May 24, 2019. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See PM short-term trend chart]
A short-term downtrend had started on May 20, 2019 at 87.57 and reached 76.65 on June 5, 2019. PM lost 10.92 points, or 12.47%, in 16 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 74.85 and resistance is at 81.98. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See PM daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since May 24, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.28
Williams' Percentage Range (W%R) 89.30
Oversold
Lane's Stochastic (%D-Slow) 13.52
Oversold
Greed/Fear Indicator (GFI) 15.17
Oversold
Moving Average Converg./Diverg. (MACD) -1.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.36
Williams' Percentage Range (W%R) 63.40
Lane's Stochastic (%D-Slow) 19.06
Oversold
Greed/Fear Indicator (GFI) 31.12
Moving Average Converg./Diverg. (MACD) 0.61
Trading Signals
Description Value Chart
Upper Bollinger Band 88.35
50 Day Moving Average 84.29
20 Day Moving Average 82.38
Weekly Trendline Resistance 81.98
Yearly Trendline Resistance 81.18
Parabolic System 79.65
Weekly Stochastic Crossing 78.68
Price 78.17
Daily Stochastic Crossing 77.28
Weekly Trendline Support 74.85
Lower Bollinger Band 74.46
Sector and Industry
Description Name Rank
Sector Consumer Goods 7
Industry Cigarettes 40
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 76.65
Low Date 06/05/2019
High 78.77
High Date 06/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 81.98
Support 74.85
High 87.57
High Date 05/20/2019
Low 76.65
Low Date 06/05/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 92.74
High Date 03/22/2019
Low 76.65
Low Date 06/05/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.67
Low Date 12/27/2018
High 92.74
High Date 03/22/2019
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 81.18
Support 53.64
High 123.55
High Date 06/20/2017
Low 64.67
Low Date 12/27/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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