Altria stock: buy or sell
Updated on:
Jan 27th, 2021
2
Altria stock brief
- Altria stock barely changed 0.64% to close at $42.23 on the stock market on Tuesday.
- Altria is presenting its earnings report on Thursday
- The price is currently higher than the upper Bollinger band, which is usually an indicator of a near-term correction
- Price is drawing a scaled uptrend since last October with higher tops and higher bottoms. Up to date, price marked a 20.28% profit since the beginning of this rally
- Deutsche Bank Aktiengesellschaft posted a strong positive rating for Altria last Friday, forecasting $52.00
- Altria Group, Inc., through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States.
Should I buy Altria stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $MO stock a buy?
In the current situation of Altria there is just one buy setup eligible:
Uptrend buy setup
Altria stock is in an uptrend since last October that so far marked an amazing 20.00% gain. Price marked a local bottom in this uptrend at $40.00 on January 4, and since then it bounced up a 5.57%. Breaking out over $42.99 - it's last top - will be a good entry point if Altria resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $38.80
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $42.99 | $38.80 | 9.75% |
Should I sell Altria stock?
"To sell or not to sell", if you are holding Altria stock?. Like when we have to buy shares, determining when is appropiate time to sell is not a whimsical decision, and we must use our own trading style. When selling, as well as buying, our strategies are very easy to follow and are only applicable for selling stocks you already own, not for selling short Altria stock
A guiding principle is that you should never keep a trade that results in losses greater than those expected at the time of the buy. When to sell your stock should always be dictated by the stop-loss (automatic or manual)
Is it time to sell Altria stock?
In the current situation of Altria there is not any eligible sell setup, so Altria stock holders with operations in green can keep their positions
Altria ratings
In the last 30 days, 2 analyst ratings were published for Altria. General sentiment is bullish, with 2 out of 2 posting positive outlooks
| Brokerage firm | Rating |
|---|---|
| Jan 19th, 2021 | |
| Sanford C. Bernstein | Buy |
| Jan 22nd, 2021 | |
| Deutsche Bank Aktiengesellschaft | |
Altria stock analysis
Altria stock started an uptrend last October, and grew a gorgeous 20.28%. Rising highs and lows can be seen easily on a chart and how price offered very few entry points on the breakouts. Latest pullback was on January 4, when price bounced at $40.00. Like in all uptrends, price needs to rest and currently price is consolidating the gains in a range between $42.99 and $40.00
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
The evolution of the Bollinger Bands on the chart proves that they are fairly tight (less than 5%), which clearly means that price volatility is low. The tightness of the Bollinger bands is generally a indication of a sudden price movement (up or down), so we must be alert and manage our buy or sell orders properly
Relative strength index
The has been between the levels of 70 and 30 for many weeks, and therefore, without this indicator really being of any help to us in making any decisions.
Altria stock price history
Altria went public priced at an adjusted price1 of $0.00 on Apr 1967. Since then, MO stock surged by -, with an average of 0.00% per year. If you had invested $1,000USD in Altria stock at that time, it would have a value of $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Altria stock
Nobody knows how much a share will be priced tomorrow. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions publish their price target based on the stock price action and the company fundamental data. Most of these predictions follow the release of new fundamental data by the company, and many times. Again, these targets are not direct recommendations for individual traders and should not be trusted blindly.
There is just one price target available for Altria that predicts a price of $52.00.
| Brokerage firm | Price target |
|---|---|
| Jan 19th, 2021 | |
| Sanford C. Bernstein | Not available |
| Jan 22nd, 2021 | |
| Deutsche Bank Aktiengesellschaft | $51.00 → $52.00 |
Earnings and financials
Altria ($MO) is presenting financial report on Thursday. Analysts expect of $1.02 and sales of $5.0 billion.
In case you are a shareholder of Altria stock, don't forget to double check your stop-loss, as earnings release date often has higher than usual volatility. You can uncover more details about the earnings call and the financial reports on the Investor Relations section of its website: http://www.altria.com.
Altria Group, Inc. ($MO) published earnings of $1.19 per share last October, meeting the analysts consensus estimate of $1.16 per share. Reported sales were $5.7 billion, in line with the market estimates as well.
Compared to the same quarter last year, EPS was $1.19, so reported EPS means 0.00%. Turnover merely changed on an annualized basis in the , from $54.1B to $56.8B last quarter.Altria performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Altria ($MO) | 0.80% | 10.80% | 2.30% |
Important note:
The thoughts published in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not know the individual positions of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for educative motives onlyAltria summary
| Tuesday, January 26th, 2021 | |
|---|---|
| Open | $42.02 |
| Close | $42.23 |
| Day range | $41.85 - $42.39 |
| Previous close | $41.96 |
| Session gain | 0.64% |
| Average true range | $0.82 |
| 50d mov avg | $40.93 |
| 100d mov avg | $39.81 |
| 200d mov avg | $39.10 |
| Earnings date | January 28th, 2021 |