Uncovering Noteworthy Technical Analysis Findings for PHILIP MORRIS INTERNATIONAL (NYSE:PM).

PHILIP MORRIS INTERNATIONAL (NYSE:PM) has been identified as a Technical Breakout Setup Pattern by our stock screener. This pattern typically occurs when a stock takes a pause after a significant rise, indicating the possibility of a continuation in the trend. While it's impossible to predict with certainty, it might be beneficial to monitor NYSE:PM.

Insights from Technical Analysis

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. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, PM is a bad performer.

• The long and short term trends are both positive. This is looking good!
• PM is an average performer in the Tobacco industry, it outperforms 66% of 10 stocks in the same industry.
• PM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PM is lagging the market.
• In the last month PM has a been trading in a tight range between 91.73 and 96.82.

For an up to date full technical analysis you can check the technical report of PM

How does the Setup look for NYSE:PM

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NYSE:PM currently holds a 9 as its setup rating, suggesting a particular level of consolidation in the stock.

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 95.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 94.90, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

Trading breakout setups.

To potentially initiate a trade, it is common practice to wait for the stock to break out of the consolidation zone. This breakout signifies a potential upward movement, and traders may enter the stock at that point. Conversely, if the stock falls back below the consolidation zone, it may be sold at a loss.

This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.

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

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.