The Greedy Trader Weekly Analysis
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Archive
- 8/9/2019 -
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Phillip Morris International Inc. (PM)

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Summary:
Weekly :
Daily :The price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Phillip Morris International Inc. (PM). During the week, the PM dropped -1.58 points, or -1.88%, and closed at 82.59 on Friday, August 9, 2019. Weekly volume was -10% below average.

Long-term trend: [See PM long-term trend chart]
A long-term uptrend had started on December 27, 2018 at 64.67 and reached 92.74 on March 22, 2019. PM gained -28.07 points, or -43.40%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 78.76 and resistance is at 89.48. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.

Medium-term trend: [See PM medium-term trend chart]
A medium-term uptrend had started on June 20, 2019 at 75.58 and reached 89.98 on July 19, 2019. PM gained -14.40 points, or -19.05%, in 4 weeks. The price is now at the 51.32% retracement level.

Weekly Technical Indicators: [See PM weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since July 19, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 July 19, 2019 at 89.98 and reached 79.35 on August 7, 2019. PM lost 10.63 points, or 11.81%, in 19 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See PM daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since July 31, 2019. This is an indication that the short-term trend is down.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.32
Williams' Percentage Range (W%R) 71.00
Lane's Stochastic (%D-Slow) 29.26
Greed/Fear Indicator (GFI) 31.52
Moving Average Converg./Diverg. (MACD) 0.67
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.45
Williams' Percentage Range (W%R) 60.10
Lane's Stochastic (%D-Slow) 56.68
Greed/Fear Indicator (GFI) 48.14
Moving Average Converg./Diverg. (MACD) -0.33
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 89.48
Upper Bollinger Band 88.01
Weekly Stochastic Crossing 84.31
Parabolic System 84.18
20 Day Moving Average 84.11
Price 82.59
Daily Stochastic Crossing 81.75
50 Day Moving Average 80.71
Quarterly Trendline Support 78.76
Lower Bollinger Band 77.86
Sector and Industry
Description Name Rank
Sector Consumer Goods 5
Industry Cigarettes 29
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 89.98
High Date 07/19/2019
Low 79.35
Low Date 08/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 75.58
Low Date 06/20/2019
High 89.98
High Date 07/19/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 92.74
High Date 03/22/2019
Low 75.58
Low Date 06/20/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 89.48
Support 78.76
Low 64.67
Low Date 12/27/2018
High 92.74
High Date 03/22/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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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