Philip Morris International Inc Stock Forecast
Green day on Thursday for Philip Morris International Inc stock after gaining 0.673%
(Updated on Apr 18, 2024)
The Philip Morris International Inc stock price gained 0.673% on the last trading day (Thursday, 18th Apr 2024), rising from $90.58 to $91.19. 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 0.640% from a day low at $90.65 to a day high of $91.23. The price has been going up and down for this period, and there has been a 1.21% gain for the last 2 weeks. Volume fell on the last day by -645 thousand shares and in total, 4 million shares were bought and sold for approximately $349.94 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Philip Morris International Inc stock with a 90% probability to be traded between $88.30 and $94.91 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PM Signals & Forecast
There are mixed signals in the stock today. The Philip Morris International Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $91.55. On a fall, the stock will find some support from the short-term average at $89.70. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.92%. Further rise is indicated until a new top pivot has been found. 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 Philip Morris International Inc stock
Philip Morris International Inc finds support from accumulated volume at $90.85 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 $0.580 between high and low, or 0.640%. For the last week the stock has had daily average volatility of 1.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PM) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Philip Morris International Inc to open at $91.02, and during the day (based on 14 day Average True Range), to move between $89.89 and $92.49, which gives a possible trading interval of +/-$1.30 (+/-1.42%) 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 2.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $91.44 (0.27%) than the support at $90.85 (0.37%), 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.
Earnings coming up
Philip Morris International Inc will release earnings BMO on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.40. We will update the financials statements for Philip Morris International Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.74% in the first trading day after earnings release.
Is Philip Morris International Inc stock A Buy?
Philip Morris International Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.694 Sell Candidate Unchanged
Predicted Opening Price for Philip Morris International Inc of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$91.02 ( 0.183%) | $91.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 91.60 | 0.453 % | |
R2 | 91.38 | 0.210 % | ||
R1 | 91.24 | 0.0602 % | ||
Current price: | 91.19 | |||
Support | S1 | 90.80 | -0.426 % | |
S2 | 90.66 | -0.576 % | ||
S3 | 90.44 | -0.82 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 92.23 | 1.14 % | |
R2 | 92.20 | 1.11 % | ||
R1 | 91.44 | 0.274 % | ||
Current price | 91.19 | |||
Support | S1 | 90.85 | -0.373% | |
S2 | 89.72 | -1.61% | ||
S3 | 89.01 | -2.39% |
PM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 07, 2024 | Mar 20, 2024 | Apr 09, 2024 | $1.30 | 1.43% |
2 | Dec 20, 2023 | Dec 20, 2023 | Jan 10, 2024 | $1.30 | 1.38% |
3 | Sep 13, 2023 | Sep 26, 2023 | Oct 12, 2023 | $1.30 | 1.42% |
4 | Jun 09, 2023 | Jun 22, 2023 | Jul 11, 2023 | $1.27 | 1.29% |
5 | Mar 09, 2023 | Mar 22, 2023 | Jul 11, 2023 | $1.27 | 1.29% |
FAQ
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