Good technical signals and a possible breakout for PHILIP MORRIS INTERNATIONAL.

PHILIP MORRIS INTERNATIONAL (PM)       105.27   +1.03 (+0.99%)

News Image
Good technical signals and a possible breakout for PHILIP MORRIS INTERNATIONAL.9 days ago - Chartmill

PHILIP MORRIS INTERNATIONAL (NYSE:PM) was identified as a Technical Breakout Setup Pattern by our stockscreener. Such a pattern occurs when we see a pause in a strong uptrend: after a strong rise the stock is consolidating a bit and at some point the trend may be continued. Whether this actually happens can not be predicted of course, but it may be a good idea to keep and eye on NYSE:PM.

PM Daily chart on 2023-01-23

Zooming in on the technicals.

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

Taking everything into account, PM scores 7 out of 10 in our technical rating. Although PM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

  • The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
  • When comparing the yearly performance of all stocks, we notice that PM is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
  • PM is part of the Tobacco industry. There are 9 other stocks in this industry, PM did better than 66% of them.
  • PM is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
  • In the last month PM has a been trading in a tight range between 98.65 and 104.43.

Why is NYSE:PM a setup?

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NYSE:PM scores a 8 out of 10:

Besides having an excellent technical rating, PM also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 103.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 101.67, a Stop Loss order could be placed below this zone.

Trading breakout setups.

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

Of course, there are many ways to trade or not trade NYSE:PM and this article should in no way be interpreted as trading advice. The article is purely based on an automated technical analysis and just points out the technical observations. Always make your own analysis and trade at your own responsibility.

Our Breakout analyzer lists more breakout setups and is updated daily.


PM Links

PM News

News Image19 hours ago - Philip Morris InternationalPMI Recognized in 2023 Bloomberg Gender-Equality Index for Third Consecutive YearNews Image2 days ago - ChartmillNYSE:PM may be ready to breakout.News Image2 days ago - Seeking AlphaPhilip Morris South Korea's KT&G smoke-free devices consumables worldwide (NYSE:PM)

Philip Morris International or PMI (PM) enters long-term collaboration with KT&G, South Korea’s tobacco and nicotine manufacturer, to continue to commercialize KT&G’s innovative...

News Image3 days ago - Philip Morris InternationalPhilip Morris International Inc. (PMI) Announces Agreement to Extend and Deepen Collaboration With KT&GNews Image3 days ago - InvestorPlace7 Dividend Stocks to Buy and Hold for a Lifetime

Protect your portfolio with these dividend stocks to buy and hold, as many others are doing for stability, and for passive income.

News Image4 days ago - The Motley Fool2 Ultra-High-Yielding Dividend Stocks That Could Soar in 2023

High-yielding dividend stocks tend to perform well in uncertain times.

News Image5 days ago - Market News VideoSee Which Of The Latest 13F Filers Holds Philip Morris InternationalNews Image5 days ago - Market News VideoPM June 2024 Options Begin TradingNews Image6 days ago - InvestorPlace7 Blue-Chip Stocks to Buy as a New Bull Market Emerges

Many blue-chip stocks look like a bargain right now, and these seven companies are certainly no exception.

News Image6 days ago - Yahoo FinancePRESS DIGEST- Wall Street Journal - Jan 26

The following are the top stories in the Wall Street Journal. - A contractor's personnel directly involved in a Federal Aviation Administration outage earlier this month have lost access to agency facilities and systems while the matter is being investigated, the air-safety regulator told congressional officials. - Campbell Soup Co appointed its next finance chief as the soup and snack maker looks to build on its recent growth.

News Image7 days ago - Seeking AlphaTobacco giants look at deal options with Juul

Juul Labs (JUUL) is reportedly in early-stage talks with three tobacco giants Philip Morris International (PM), Altria (MO), and Japan Tobacco (JAPAY). Read more.

News Image7 days ago - Yahoo FinanceUPDATE 1-Juul in deal talks with three tobacco giants - WSJ

E-cigarette maker Juul Labs Inc is in early talks with three tobacco giants for a potential sale, strategic investment, licensing or distribution deal, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The company, which was reportedly looking to file for Chapter 11 bankruptcy, have had separate discussions with Philip Morris International Inc, Japan Tobacco Group and Altria Group Inc, the report said. Juul, partly owned by Marlboro maker Altria, did not immediately respond to a Reuters request for comment.

Follow us for more