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Archive
- 12/20/2024 -
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Altria Group, Inc. (MO) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Altria Group, Inc. (MO). During the week, the MO dropped -1.08 points, or -1.97%, and closed at 53.84 on Friday, December 20, 2024. Weekly volume was 37% above average.
 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 (41.67) is broken. A broken support is considered to be a long-term bullish 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 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 58.01 on December 6, 2024. MO gained -9.15 points, or -18.73%, in 7 weeks. The price is now at the 45.57% retracement level.
 Weekly Technical Indicators: [See MO weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD 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 Lane's Stochastic and Relative Strength Index help.
The weekly MACD line is above its signal line since November 8, 2024. 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 MO short-term trend chart]
A short-term downtrend had started on December 6, 2024 at 58.01 and reached 52.85 on December 20, 2024. MO lost 5.16 points, or 8.90%, in 14 days. The price is now at the 19.19% retracement level.
 Daily Technical Indicators: [See MO daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly 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 December 2, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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