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Archive - 3/15/2024 - Sign In to see current Signals. |
Phillip Morris International Inc. (PM) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Phillip Morris International Inc. (PM). During the week, the PM gained 1.59 points, or 1.72%, and closed at 94.27 on Friday, March 15, 2024. Weekly volume was 29% above average. Long-term trend: [See PM long-term trend chart] A long-term downtrend had started on February 18, 2022 at 112.48 and reached 82.85 on September 30, 2022. PM lost 29.63 points, or 26.34%, in 32 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 68.36 and resistance is at 97.64. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend. Medium-term trend: [See PM medium-term trend chart] A medium-term uptrend had started on February 8, 2024 at 88.30 and reached 95.87 on March 13, 2024. PM gained -7.57 points, or -8.57%, in 4 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 89.23 and resistance is at 96.47. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend. Weekly Technical Indicators: [See PM weekly technical indicators chart] Weekly technical indicators are neutral. During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 1, 2024 at 88.86 and reached 95.87 on March 13, 2024. PM gained -7.01 points, or -7.89%, in 12 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level. Daily Technical Indicators: [See PM 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. 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 link to access Lane's Stochastic help. The daily MACD line is above its signal line since February 20, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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Daily Oscillators |
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Weekly Oscillators |
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Trading
Signals |
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Sector and
Industry |
Description |
Name |
Rank |
Sector |
Consumer Staples |
4 |
Industry |
Tobacco |
36 |
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Daily Trend |
Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Low |
88.86 |
Low Date |
03/01/2024 |
High |
95.87 |
High Date |
03/13/2024 |
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Weekly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Broadening Ascending Wedge |
Status |
Valid |
Resistance |
96.47 |
Support |
89.23 |
Low |
88.30 |
Low Date |
02/08/2024 |
High |
95.87 |
High Date |
03/13/2024 |
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Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
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Resistance |
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Support |
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High |
96.82 |
High Date |
01/04/2024 |
Low |
88.30 |
Low Date |
02/08/2024 |
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Quarterly Trend |
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Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
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Resistance |
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Support |
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High |
105.62 |
High Date |
02/01/2023 |
Low |
87.23 |
Low Date |
10/27/2023 |
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Description |
Value |
Direction |
Down |
Chart Pattern |
Broadening Descending Wedge |
Status |
Valid |
Resistance |
97.64 |
Support |
68.36 |
High |
112.48 |
High Date |
02/18/2022 |
Low |
82.85 |
Low Date |
09/30/2022 |
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