ALTRIA GROUP INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	MO
ISIN:

ALTRIA GROUP INC. - Weekly - Technical analysis published on 04/01/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

11%

My opinion

Bullish above 37.59 USD

My targets

45.66 USD (+4.68%)

49.83 USD (+14.24%)

My analysis

ALTRIA GROUP INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 37.59 USD. The next resistance located at 45.66 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 49.83 USD.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

5.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by PawelBodytko. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ALTRIA GROUP INC. rating 43.62 USD. The price is up +0.83% over 5 days and has been traded over the last 5 days between 43.60 USD and 43.95 USD. This implies that the 5 day price is +0.05% from its lowest point and -0.74% from its highest point.

43.60

43.95

43.62

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of ALTRIA GROUP INC. in Weekly shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Other results related to technical indicators were also found by the Central Indicators scanner:

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Weekly

Resistance of channel is broken

Type : Bullish

Timeframe : Weekly

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	34.05	37.59	42.96	43.62	45.66	49.83
Change (%)	-21.94%	-13.82%	-1.51%	-	+4.68%	+14.24%
Change	-9.57	-6.03	-0.66	-	+2.04	+6.21
Level	Minor	Major	Major	-	Intermediate	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	43.16	43.38	43.50	43.72	43.84	44.06	44.18
Camarilla	43.53	43.56	43.59	43.62	43.65	43.68	43.71
Woodie	43.11	43.36	43.45	43.70	43.79	44.04	44.13
Fibonacci	43.38	43.51	43.59	43.72	43.85	43.93	44.06

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	41.31	42.06	42.52	43.27	43.73	44.48	44.94
Camarilla	42.65	42.76	42.87	42.98	43.09	43.20	43.31
Woodie	41.17	41.99	42.38	43.20	43.59	44.41	44.80
Fibonacci	42.06	42.52	42.81	43.27	43.73	44.02	44.48

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.19	38.09	39.05	39.95	40.91	41.81	42.77
Camarilla	39.51	39.68	39.85	40.02	40.19	40.36	40.53
Woodie	37.23	38.11	39.09	39.97	40.95	41.83	42.81
Fibonacci	38.09	38.80	39.24	39.95	40.66	41.10	41.81

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	64.43
MACD (12,26,9):	0.4100
Directional Movement:	11.37
AROON (14):	14.29
DEMA (21):	41.16
Parabolic SAR (0,02-0,02-0,2):	38.73
Elder Ray (13):	2.24
Super Trend (3,10):	39.20
Zig ZAG (10):	43.62
VORTEX (21):	1.1800
Stochastique (14,3,5):	87.45
TEMA (21):	41.98
Williams %R (14):	-7.10
Chande Momentum Oscillator (20):	3.03
Repulse (5,40,3):	4.9700
ROCnROLL:	1
TRIX (15,9):	-0.0600
Courbe Coppock:	9.59

MA7:	43.49
MA20:	42.21
MA50:	40.66
MA100:	40.17
MAexp7:	41.92
MAexp20:	40.90
MAexp50:	41.08
MAexp100:	41.06
Price / MA7:	+0.30%
Price / MA20:	+3.34%
Price / MA50:	+7.28%
Price / MA100:	+8.59%
Price / MAexp7:	+4.06%
Price / MAexp20:	+6.65%
Price / MAexp50:	+6.18%
Price / MAexp100:	+6.23%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on ALTRIA GROUP INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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