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Uptrend ExhaustionArchive
- 1/3/2025 -
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Phillip Morris International Inc. (PM) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week after 4 consecutive negative weeks for the Phillip Morris International Inc. (PM). During the week, the PM climbed 0.50 points, or 0.41%, and closed at 122.00 on Friday, January 3, 2025. It was the best weekly gain since November 29, 2024. Weekly volume was -29% below average.
 Long-term trend: [See PM long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 56.01 and reached 134.20 on October 31, 2024. PM gained -78.19 points, or -139.60%, in 240 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (86.37) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 PM medium-term trend chart]
A medium-term uptrend had started on September 30, 2022 at 82.85 and reached 134.20 on October 31, 2024. PM gained -51.35 points, or -61.98%, in 108 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (90.67) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.
 Weekly Technical Indicators: [See PM weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 6, 2024. 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 April 15, 2024 at 87.82 and reached 134.20 on October 31, 2024. PM gained -46.38 points, or -52.81%, in 199 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (132.88) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. PM may retest the broken support line. It is considered to be a resistance 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 support in a short-term trend.
 Daily Technical Indicators: [See PM daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. 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. 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.
The daily MACD line is below its signal line since December 2, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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