PM stock: buy or sell
Jan 25th, 2021
PM stock brief
- Philip Morris stock just changed -0.80% to close at $80.68 on the stock market today, after 3 consecutive sessions in red.
- Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories.
Should I buy Philip Morris 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 $PM stock a buy?
Currently, Philip Morris stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $PM in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Philip Morris stock?
"To sell or not to sell", if you are holding Philip Morris stock?. Much like when we have to buy shares, determining when is appropiate to sell is not a whimsy decision, and we must use our own trading style. We like very simple setups to guide us on when is a good moment to sell our shares. Be aware that these setups should not be used for selling short $PM stock
As a golden rule, you should not mantain an investment that yields higher than expected losses at the time of the buy. The moment to sell shares must always be determined by the stop-loss (automatic or manual)
Is it time to sell Philip Morris stock?
In the current situation of Philip Morris there is not any eligible sell setup, so Philip Morris stock holders with operations in green can keep their positions
Philip Morris ratings
In the last month, just one brokerage rating was published for Philip Morris
|Jan 19th, 2021|
|Sanford C. Bernstein|
Philip Morris stock analysis
Supports and resistances
The current resistance levels are:
The current support levels are:
The evolution of the Bollinger Bands on the chart reveals that they are relatively narrow (3.17%), which clearly means that price volatility is low. The narrowness of the Bollinger bands is typically a signal of a sudden price movement (up or down), so we must be on alert and manage our buy or sell orders properly
Relative strength index
The RSI dropped below the overbought level of 70 in mid-December after just crossing to the overbough zone for 1 day (weak signal). The RSI reading last Friday was 45.65. Philip Morris price dropped a 4.93% since RSI lost the overbought zone
Philip Morris stock price history
Philip Morris went public on Mar 17th, 2008 at $27.45 per share1. Since then, PM stock surged by 193.92%, with an average of 16.16% per year. If you had invested $1,000USD in Philip Morris stock on the IPO, it would have a value of $2,939.16 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Philip Morris stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a stock will performance in the future.
The following table shows the price forecasts released by brokerage institutions over the last 30 days. If you are a small trader you should not buy or sell based on these price targets.
In the last 30 days we couldn't find any price target posted for Philip Morris stock.
|Brokerage firm||Price target|
|Jan 19th, 2021|
|Sanford C. Bernstein||Not available|
Earnings and financials
Philip Morris International Inc. ($PM) posted quarterly earnings of $1.42 per share last October, slightly surpassing the Wall St consensus estimate of $1.36 per share. This quarterly report represents an earnings surprise of 4.41%. On the contrary, reported sales were $7.4 billion, in line with the market estimates.Compared to the same quarter last year, EPS was $1.43, so current EPS is a decrease of -0.70%. Looking at revenue, figures barely changed compared to $76.4B same quarter a year ago.
PM ($PM) is releasing financial report on Thursday next week. Wall Street analysts predict of $1.21, that is a 14.79% less than previous quarter.
Philip Morris performance
|Philip Morris ($PM)||-2.40%||9.50%||8.00%|
Important:The viewpoints expressed in this article are personal and not recommendations for you to buy or sell shares. The author of this document does not have any knowledge of the individual scenarios 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 provided for informational motives only
|Friday, January 22nd, 2021|
|Day range||$80.52 - $81.39|
|Average true range||$1.60|
|50d mov avg||$80.05|
|100d mov avg||$77.44|
|200d mov avg||$74.50|
|Earnings date||February 4th, 2021|