ALTRIA GROUP INC (MO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MO - US02209S1033 - Common Stock
Overall MO gets a technical rating of 1 out of 10. MO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, MO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 58.94. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 58.54, a Stop Loss order could be placed below this zone.
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55.00
When analyzing the support we notice one important area.
- A support zone ranging from 55.56 to 58.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 58.94 to 59.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 66.65 to 67.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for MO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MO is down. |
| ChartMill Relative Strength | 34.23 | NEUTRAL | MO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.13 | NEUTRAL | The RSI value for MO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests MO has a positive trend. |
| Stochastics (14,3) | 55.02 | NEUTRAL | The Stochastics value for MO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.3 | LOW VOLATILITY | The low ATR as a percentage value for MO suggests low volalility. |
| Average Directional Index/ADX (14) | 26.42 | POSITIVE | The high ADX value value for MO suggests a strong trend. |
58.69
+0.51 (+0.88%)
ALTRIA GROUP INC / MO FAQ
What is the technical rating for MO stock?
ChartMill assigns a technical rating of 1 / 10 to MO.
What is the trend direction for MO stock?
The current trend direction for ALTRIA GROUP INC (MO) is Bearish.
Can you provide the RSI signal for ALTRIA GROUP INC?
ALTRIA GROUP INC (MO) has an RSI value of 47.1322. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ALTRIA GROUP INC?
The MACD indicator for ALTRIA GROUP INC (MO) has a value of 0.203602, indicating a bearish trend.
Can you provide the support and resistance levels for ALTRIA GROUP INC?
ALTRIA GROUP INC (MO) has a support level at 58.54 and a resistance level at 58.94. Check the full technical report for our detailed analysis of MO support and resistance levels.