Philip Morris International Inc. (PM)
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
In the current situation of Philip Morris there is not any eligible buy setup. This doesn't mean $PM will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
When you are a novel trader and you own a stock with some profit, it's really difficult to decide the best moment to sell and get your benefits. As when we have to buy shares, determining when is appropiate to sell is not a fickle decision, and we must adhere our own trading style. Our trading system selects very simple strategies to guide us on when is a good moment to sell our shares. Be aware that these strategies should not be used for shorting $PM stock
A guiding principle is that you should never keep an open trade that results in higher than expected losses at the time of purchase. The moment to sell your stock must always be dictated by the stop-loss (automatic or manual)
Currently, Philip Morris stock doesn't match any of our preferred sell setups, so if you hold Philip Morris stock and your operation is in profit probably is not time to sell now
Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal
In the last 30 days, 2 analyst ratings were published for Philip Morris
|Oct 7th, 2020|
|Citigroup||Neutral → Strong buy|
|Oct 23rd, 2020|
|Argus||Strong buy → Neutral|
Moving averages are simple tools for investors to gauge momentum. A moving average is the average price of a stock over a set period of time. Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages
Technical analysts use support and resistance levels as a way to spot price points on a chart that tend to behave as barriers, containing the price of an asset to move in certain direction. A support level is a level where the price may find support as it falls. Price is more likely to "bounce off" this level rather than break through it. Nevertheless, if the price breaks down the support, it will probably continue falling until meeting another support level. On the other hand, a resistance level is where the price tends to find resistance as it rises. In the same way, the price is more liable to "bounce off" at this level, and if it finally ruptures this level, it will rise more easily until it hits the next resistance
The current resistances are:
The current supports are:
This is an indicator that was introduced in the 1980s by John Bollinger. It consists of three bands that are plotted superimposed on the price evolution chart:
The price is moving very close to the lower Bollinger band, poiting some level of oversold in recent sessions. This is not a buy point, as price can trade in these levels for many days and weeks
The Relative Strength Index is an oscillator-type indicator that measures price changes to reveal when the price of a share or financial asset is oversold or overbought. Oscillator indicators, such as relative strength, are designed to indicate values in the range of 0-100. J. Welles Wilder introduced the relative strength indicator in 1978 and since then it has been widely used by stock traders
When the RSI moves for so long below 70 and above 30, without indication of overbought and oversold, the indicator is of little use, and we are currently in such a case.
Philip Morris International Inc. ($PM) posted quarterly earnings of $1.42 per share on Tuesday, slightly surpassing the Market consensus estimate of $1.36 per share. This quarterly report means an earnings surprise of 4.41%. On the contrary, the company said turnover was $7.4 billion aligned with the market forecasts.This compares to earnings of $1.43 per share same quarter last year, so current EPS is a loss of -0.7%. Looking at sales, figures merely changed compared to $7.6B same quarter last year.
PM ($PM) posts Q4 earnings report next February 2021.