- 8/9/2019 -
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Phillip Morris International Inc. (PM)
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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.