Philip Morris International Inc. Stock Forecast

Philip Morris International Inc. stock price ended at 92.23€ on Monday, after losing 0.0542%.
(Updated on May 20, 2024)

4I1.DE Signals & Forecast

The Philip Morris International Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 92.31€. On a fall, the stock will find some support from the long-term average at approximately 87.97€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -0.82%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, March 07, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Philip Morris International Inc. stock

Philip Morris International Inc. finds support from accumulated volume at 90.50€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.220€ between high and low, or 0.239%. For the last week the stock has had daily average volatility of 0.86%.

Our recommended stop-loss: 88.80€ (-3.71%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (4I1.DE) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Philip Morris International Inc. to open at 92.18€, and during the day (based on 14 day Average True Range), to move between 91.11€ and 93.35€, which gives a possible trading interval of +/-1.12€ (+/-1.22%) up or down from last closing price. If Philip Morris International Inc. takes out the full calculated possible swing range there will be an estimated 2.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 92.28€ (0.05%) than the support at 90.50€ (1.88%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Philip Morris International Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Philip Morris International Inc. stock to perform well in the short-term.

Current score: 3.581 Buy Candidate Unchanged

Predicted Opening Price for Philip Morris International Inc. of Tuesday, May 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.