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Tobacco Industry Stocks Technical Analysis - MOArchive
- 11/8/2024 -
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Altria Group, Inc. (MO) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a third positive week after 3 consecutive negative weeks for the Altria Group, Inc. (MO). During the week, the MO climbed 0.18 points, or 0.33%, and closed at 54.05 on Friday, November 8, 2024. Weekly volume was -25% below average.
MO is a member of Consumer Staples Sector. Consumer Staples is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See MO long-term trend chart]
A long-term downtrend had started on June 20, 2017 at 77.79 and reached 30.95 on March 23, 2020. MO lost 46.84 points, or 60.21%, in 143 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (41.41) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. MO may retest the broken resistance line. It is considered to be a support line now. 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 resistance line in a long-term trend.
 Medium-term trend: [See MO medium-term trend chart]
A medium-term uptrend had started on October 18, 2024 at 48.86 and reached 55.05 on November 6, 2024. MO gained -6.19 points, or -12.67%, in 2 weeks. The price is now at the 16.16% retracement level.
 Weekly Technical Indicators: [See MO weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since September 27, 2024. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
Short-term trend: [See MO short-term trend chart]
A short-term uptrend had started on November 7, 2024 at 53.43 and reached 54.27 on November 8, 2024. MO gained -0.84 points, or -1.57%, in 1 days. The price is now at the 26.19% retracement level.
 Daily Technical Indicators: [See MO 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. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since October 21, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.
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