Altria Stock Forecast
Green day on Tuesday for Altria stock after gaining 0.0434%
(Updated on Jul 02, 2024)
The Altria stock price gained 0.0434% on the last trading day (Tuesday, 2nd Jul 2024), rising from $46.03 to $46.05. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.82% from a day low at $45.76 to a day high of $46.13. The price has risen in 7 of the last 10 days and is up by 3.02% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 5 million shares were bought and sold for approximately $251.36 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.44% during the next 3 months and, with a 90% probability hold a price between $50.90 and $54.50 at the end of this 3-month period.
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MO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -1.67%. 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). The Altria stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $46.05 and $45.88. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Altria stock
Altria finds support from accumulated volume at $45.74 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.374 between high and low, or 0.82%. For the last week the stock has had daily average volatility of 1.30%.
Our recommended stop-loss: $43.90 (-4.66%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 53 days ago.)
Trading Expectations (MO) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Altria Group to open at $45.98, and during the day (based on 14 day Average True Range), to move between $45.40 and $46.70, which gives a possible trading interval of +/-$0.646 (+/-1.40%) up or down from last closing price. If Altria Group takes out the full calculated possible swing range there will be an estimated 2.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $46.25 (0.43%) than the support at $45.74 (0.67%), 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 Altria Group 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 Altria stock to perform well in the short-term.
Current score: 2.753 Buy Candidate Unchanged
Predicted Opening Price for Altria Group of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $45.98 ( 0.149%) | $46.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.36 | 0.663% |
| R2 | 46.21 | 0.353% |
| R1 | 46.12 | 0.161% |
| Price | 46.05 | |
| S1 | 45.84 | -0.459% |
| S2 | 45.75 | -0.651% |
| S3 | 45.61 | -0.96% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.69 | 1.39% |
| R2 | 46.45 | 0.87% |
| R1 | 46.25 | 0.434% |
| Price | 46.05 | |
| S1 | 45.74 | -0.673% |
| S2 | 44.80 | -2.71% |
| S3 | 42.09 | -8.60% |
MO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jul 10, 2024 | $0.98 | 2.13% |
| 2 | Mar 22, 2024 | Mar 22, 2024 | Apr 30, 2024 | $0.98 | 2.24% |
| 3 | Dec 06, 2023 | Dec 20, 2023 | Jan 10, 2024 | $0.98 | 2.39% |
| 4 | Aug 24, 2023 | Sep 14, 2023 | Oct 10, 2023 | $0.98 | 2.31% |
| 5 | May 18, 2023 | Jun 14, 2023 | Jul 10, 2023 | $0.94 | 2.09% |
FAQ
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