The Greedy Trader Weekly Analysis
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- 6/26/2020 -
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Phillip Morris International Inc. (PM)

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Summary:
Weekly :Price is near the Fibonacci 38.2% retracement level
Daily :Broken trend support line
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It was the negative week for the Phillip Morris International Inc. (PM). During the week, the PM dropped -3.33 points, or -4.61%, and closed at 68.87 on Friday, June 26, 2020. Weekly volume was -26% below average.

Long-term trend: [See PM long-term trend chart]
A long-term downtrend had started on March 22, 2019 at 92.74 and reached 56.01 on March 23, 2020. PM lost 36.73 points, or 39.61%, in 52 weeks. The price is now at the 35.01% retracement level.

Medium-term trend: [See PM medium-term trend chart]
A medium-term downtrend had started on February 11, 2020 at 90.17 and reached 56.01 on March 23, 2020. PM lost 34.16 points, or 37.88%, in 5 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is below its signal line since March 6, 2020. 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 uptrend had started on March 23, 2020 at 56.01 and reached 78.87 on April 17, 2020. PM gained -22.86 points, or -40.81%, in 25 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (75.64) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a short-term trend.

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

The daily MACD line is below its signal line since June 18, 2020. The distance between MACD and the signal line is low, but getting bigger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.35
Williams' Percentage Range (W%R) 79.70
Lane's Stochastic (%D-Slow) 21.75
Greed/Fear Indicator (GFI) 23.13
Moving Average Converg./Diverg. (MACD) -0.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.50
Williams' Percentage Range (W%R) 58.20
Lane's Stochastic (%D-Slow) 55.79
Greed/Fear Indicator (GFI) 48.69
Moving Average Converg./Diverg. (MACD) -2.45
Trading Signals
Description Value Chart
Weekly Trendline Resistance 77.34
Upper Bollinger Band 76.72
Weekly Trendline Support 75.64
20 Day Moving Average 73.19
Parabolic System 72.80
Weekly Stochastic Crossing 72.65
50 Day Moving Average 72.64
Daily Stochastic Crossing 69.62
Price 68.87
Lower Bollinger Band 67.76
Sector and Industry
Description Name Rank
Sector Consumer Staples 6
Industry Tobacco 31
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 77.78
High Date 06/08/2020
Low 68.37
Low Date 06/26/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 77.34
Support 75.64
Low 56.01
Low Date 03/23/2020
High 78.87
High Date 04/17/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 90.17
High Date 02/11/2020
Low 56.01
Low Date 03/23/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 92.74
High Date 03/22/2019
Low 56.01
Low Date 03/23/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 123.55
High Date 06/20/2017
Low 56.01
Low Date 03/23/2020
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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