PHILIP MORRIS INTERNATIONAL (NYSE:PM) – A Strong Technical Setup in a Market Leader

PHILIP MORRIS INTERNATIONAL (NYSE:PM) has been identified as a standout technical breakout candidate by our stock screener. The stock combines a high Technical Rating with a strong Setup Quality score, suggesting both momentum and a favorable entry point. Below, we examine why PM stands out from a technical perspective.

Technical Strength

• Perfect Technical Rating (10/10): PM scores the highest possible rating, reflecting strong price trends across multiple timeframes. Both short-term and long-term trends are positive.
• Relative Strength: The stock has outperformed 94% of the market over the past year, with consistent gains throughout the period.
• Support from Moving Averages: The stock is trading above key moving averages (20-day, 50-day, 100-day, and 200-day), confirming bullish momentum.
• Sector Leadership: Within the tobacco industry, PM ranks ahead of 71% of peers, reinforcing its strength.

Setup Quality

• High Setup Rating (9/10): Recent price action shows consolidation, reducing volatility and improving the risk-reward profile for a potential breakout.
• Resistance Breakout Potential: A resistance zone lies just above the current price at $184.96-$185.43. A move past this level could signal further upside.
• Support Levels: Multiple support zones exist below, including a strong area between $181.66 and $184.09, providing a clear stop-loss reference.
• Recent Pocket Pivot: A bullish accumulation signal was recently detected, adding further confirmation of institutional interest.

For a full breakdown of the technical analysis, see the ChartMill Technical Report for PM.

Our Technical Breakout Setups screener lists more high-quality breakout candidates and is updated daily.

Disclaimer

This is not investment advice. The observations here are based on technical analysis at the time of writing. Always conduct your own research before making trading decisions.