Altria Stock Forecast

Green day on Friday for Altria
(Updated on May 17, 2024)

MO Signals & Forecast

Mostly positive signals in the chart today. 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 $45.43 and $43.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 13.08%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Altria stock

Altria finds support from accumulated volume at $44.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.329 (0.717%) between high and low. For the last week, the stock has had daily average volatility of 0.87%.

The Altria stock is extremely overbought on RSI14 (85). This increases the short-term risk substantially. Since the Altria has been rising for 9 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $44.00 (-4.52%) (This stock has low daily movements and this gives low risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (MO) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Altria Group to open at $46.08, and during the day (based on 14 day Average True Range), to move between $45.56 and $46.60, which gives a possible trading interval of +/-$0.520 (+/-1.13%) up or down from last closing price. If Altria Group takes out the full calculated possible swing range there will be an estimated 2.26% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $44.51, some $1.57 (3.41%) from the current price of $46.08, our system finds the risk reward attractive.

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: 3.590 Buy Candidate Unchanged

Predicted Opening Price for Altria Group of Monday, May 20, 2024

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