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Advanced TA SearchArchive
- 4/26/2024 -
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Altria Group, Inc. (MO) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a second consecutive positive week for the Altria Group, Inc. (MO). During the week, the MO gained 1.29 points, or 3.06%, and closed at 43.38 on Friday, April 26, 2024. Weekly volume was 60% above average.
 Long-term trend: [See MO long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 57.05 and reached 39.07 on October 26, 2023. MO lost 17.98 points, or 31.52%, in 79 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (38.48) 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 26, 2023 at 39.07 and reached 45.00 on March 21, 2024. MO gained -5.93 points, or -15.18%, in 21 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 39.33 and resistance is at 45.69. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See MO weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since December 29, 2023. This is an indication that the medium-term trend is up. 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 March 21, 2024 at 45.00 and reached 40.65 on April 15, 2024. MO lost 4.35 points, or 9.67%, in 25 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See MO daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. 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 Williams' Percentage Range help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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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