Altria stock: buy or sell
Updated on:
Apr 16th, 2021
2
Altria stock brief
- Altria stock scarcely changed 0.51% to close at $51.61 on the stock market on Thursday.
- Altria Group, Inc., through its subsidiaries, manufactures and sells cigarettes, oral tobacco products, and wine in the United States.
Should I buy Altria stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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 not any eligible buy setup. This doesn't mean we expect a selloff for $MO in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Altria stock?
Knowing when to sell a stock is even harder than knowing when to buy it. In the same way as when we have to buy shares, choosing when is appropiate to sell is not a haphazard decision, and we must use our own trading strategy. When selling, as well as buying, detailed strategies are very easy to follow but are only applicable for selling stocks in your porfolio, not for selling short Altria stock
A guiding principle is that you should never hold a trade that yields higher than expected losses upon the buy. The timing to sell your stock should always be ruled by the stop-loss (automatic or manual)
Is it time to sell Altria stock?
Currently, Altria stock doesn't match any of our preferred sell setups, so if you own Altria stock and your operation is in profit probably is not time to sell now
Altria ratings
In the last month, 4 brokerage ratings were published for Altria. General sentiment is bullish, with 4 out of 4 publishing positive outlooks
| Brokerage firm | Rating |
|---|---|
| Mar 19th, 2021 | |
| Deutsche Bank Aktiengesellschaft | |
| Mar 26th, 2021 | |
| Jefferies Financial Group | Neutral → |
| Apr 1st, 2021 | |
| Jefferies Financial Group | Neutral → |
| Apr 5th, 2021 | |
| Piper Sandler | |
Altria stock analysis
Altria stock started an uptrend in October 2020, and grew an amazing 49.55%. The price shows higher peaks and higher lows, and along the way provided some buying opportunities for those who wanted to enter. Latest pullback was last February, when price bounced at $39.77. Last February, Altria broke out above its last top ($42.31) offering a good entry point that resulted in a 21.98% gain
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
The price is trading very close to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 in late March after just crossing to the overbough zone for a single day (weak signal). The RSI reading on Thursday was 65.37. Since that level was lost, Altria price sliced a 1.32%
Altria stock price history
Altria went public on Apr 28th, 1967 priced at $0.00 per share1. Since then, MO stock has risen by -, with an average of 0.00% per year. An investment of thousand dollars at that time would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Altria stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts released by financial institutions in the last month. Again, these predictions are not direct recommendations for small investors and should not be followed blindly.
There are 4 price predictions released for Altria that average $56.75. Altria closed at $51.61 on Thursday, so the target price is predicting a growth by 9.96%.
| Brokerage firm | Price target |
|---|---|
| Mar 19th, 2021 | |
| Deutsche Bank Aktiengesellschaft | $52.00 → $54.00 |
| Mar 26th, 2021 | |
| Jefferies Financial Group | $40.00 → $58.00 |
| Apr 1st, 2021 | |
| Jefferies Financial Group | $40.00 → $58.00 |
| Apr 5th, 2021 | |
| Piper Sandler | $57.00 |
Earnings and financials
Shareholders call was hosted by Altria ($MO) last January after releasing the financial report. Market consensus was correct in their predictions on Altria's which reported $0.99 per share. On the same basis, reported sales of $5.1 billion were in line with Wall St. estimates.
This compares to Earnings of $1.02 per share a year ago, so reported EPS means a reduction of -2.94%. Sales inched a 5.27% on an annualized basis in the , from $48.0B to $50.6B last quarter.Altria ($MO) is posting financial report on April 29. Market expects of $1.04, compared to Q4 that was $0.99.
Altria performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Altria ($MO) | 6.20% | 27.50% | 36.40% |
Please read:
The opinions published in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this document does not know the individual situations of the reader, his or her financial statements 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 Comments are posted for learning reasons onlyAltria summary
| Thursday, April 15th, 2021 | |
|---|---|
| Open | $51.6 |
| Close | $51.61 |
| Day range | $51.48 - $51.97 |
| Previous close | $51.35 |
| Session gain | 0.51% |
| Average true range | $1.11 |
| 50d mov avg | $46.89 |
| 100d mov avg | $43.63 |
| 200d mov avg | $41.18 |
| Earnings date | April 29th, 2021 |