PM stock: buy or sell

PM stock price: $98.94 -0.90% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

2

PM stock brief

  • Philip Morris closed on Wednesday at $98.94 after only changing a -0.90% and broke a streak of 5 sessions in green.
  • On July 20, Philip Morris posted its Q2 financial report
  • 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?

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 $PM stock a buy?

Currently, Philip Morris stock matches one trading strategy:

ATH buy setup

All-time Highs is always an excellent buy point for those who like to buy high and sell higher. The good point of buying at all-time highs is that shares price doesn't struggle with upper resistances, and usually it scales fast. However, you must always be aware of a possible bulls trap that may trigger your buy order and then falls sharply. That's why a stop loss is so important. Philip Morris can break to ATH any time soon, as it only needs to rise a 1.61%. Setup your buy order at $100.53 if you want to trade with this strategy. Place your stop-loss at $91.12

Buy setupBuy pointStop lossRisk
ATH buy setup$100.53$91.129.36%

Should I sell Philip Morris stock?

Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies let us to avoid impetuous decisions based on our feelings or the noise that surrounds the market. We like very simple strategies to guide us on when is the best time to sell our shares. Be aware that these strategies should not be used for shorting Philip Morris stock

A golden rule is that you should never keep a trade that results in losses greater than those expected at the time of purchase. The timing to sell your stock should always be ruled 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 profit can keep their positions

Philip Morris ratings

In the last month we couldn't find any rating for Philip Morris

Philip Morris stock analysis

SMAs overview

PM stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $100.53 (1.61% above)
  • The current supports are:

  • S1: $98.28 (-0.67% below)
  • S2: $97.63 (-1.32% below)
  • S3: $97.44 (-1.52% below)
  • Bollinger bands

    The distance between the upper and lower bands is 4.95%, indicating that volatility is low. Reduced volatility is often the antecedent to a sudden movement (up or down), so we must be alert and manage our buy or sell orders properly

    PM stock Bollinger Bands chart

    Relative strength index

    When the moves for so long below 70 and above 30, without any indication of overbought and oversold, the indicator turns out to be of little use, and we find ourselves in such a case.

    PM stock RSI chart

    Philip Morris stock price history

    Philip Morris IPO was on Mar 17th, 2008 at $27.04 per share1. Since then, PM stock has risen by 265.90%, with an average of 20.45% per year. If you had invested $1,000USD in Philip Morris stock at that time, it would worth $3,659.02 today.

    1: Adjusted price after possible price splits or reverse-splits

    PM stock price history chart

    Price target for Philip Morris stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis predicting how a particular stock will performance in the future.

    The following table shows the price predictions published by analysts over the last 30 days. If you are a small investor you don't have to buy or sell based on these predictions.

    In the previous 30 days we couldn't find any price target published for Philip Morris stock.

    Earnings and financials

    Philip Morris ($PM) had the quarterly earnings call and released the report on July 20. Market consensus was correct in their predictions on Philip Morris's that published $1.57 per share. On the same basis, reported sales of $7.6 billion were in line with Wall St. estimates.

    Compared to the same quarter last year, EPS was $1.29, so current EPS is a increase of 21.71%. Revenue exploded a 14.18% on an annualized basis in the , from $66.5B to $75.9B last quarter.

    PM ($PM) releases earnings report next October. Analysts expect of $1.56, that is a 0.64% less than previous quarter.

    Philip Morris performance

    PM performance compared
    Company1m3m6m
    Philip Morris ($PM) 0.00% 6.20% 27.20%

    Please read:
    The thoughts expressed in this article are personal and not recommendations for you to buy or sell shares. The author of this report does not have an understanding of the individual scenarios of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for learning motives only

    PM summary

    Wednesday, July 28th, 2021
    Open$99.88
    Close$98.94
    Day range$98.85 - $99.97
    Previous close$99.84
    Session gain-0.90%
    Average true range$2.15
    50d mov avg$97.73
    100d mov avg$94.11
    200d mov avg$85.89
    Earnings dateOctober 19th, 2021

    Frequently asked questions

    What is Philip Morris stock symbol?

    Philip Morris International Inc. is a public company trading in the US stock market with the PM symbol

    Is Philip Morris stock a buy or sell?

    Philip Morris had no ratings in the last 30 days Read the article to get additional tips on trading PM stock.

    Will PM go up?

    There were no price targets published by market analysts in the last month for Philip Morris.