PHILIP MORRIS INTL. INC - 1H - Technical analysis published on 09/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
33%
50%
My opinion
Bearish under 123.28 USD
My targets
119.10 USD (-0.52%)
117.82 USD (-1.59%)
My analysis
PHILIP MORRIS INTL. INC is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 123.28 USD. The next support located at 119.10 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 117.82 USD. Below this support, sellers could then target 116.64 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PHILIP MORRIS INTL. INC rating 119.72 USD. The price is lower by -0.02% since the last closing and was between 119.16 USD and 120.57 USD. This implies that the price is at +0.47% from its lowest and at -0.70% from its highest.119.16
120.57
119.72
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of PHILIP MORRIS INTL. INC in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black evening star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 116.64 | 117.82 | 119.10 | 119.72 | 120.24 | 123.28 | 125.00 |
| Change (%) | -2.57% | -1.59% | -0.52% | - | +0.43% | +2.97% | +4.41% |
| Change | -3.08 | -1.90 | -0.62 | - | +0.52 | +3.56 | +5.28 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 117.83 | 118.61 | 119.18 | 119.96 | 120.53 | 121.31 | 121.88 |
| Camarilla | 119.37 | 119.49 | 119.62 | 119.74 | 119.86 | 119.99 | 120.11 |
| Woodie | 117.72 | 118.56 | 119.07 | 119.91 | 120.42 | 121.26 | 121.77 |
| Fibonacci | 118.61 | 119.13 | 119.45 | 119.96 | 120.48 | 120.80 | 121.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 118.29 | 120.79 | 123.21 | 125.71 | 128.13 | 130.63 | 133.05 |
| Camarilla | 124.27 | 124.72 | 125.17 | 125.62 | 126.07 | 126.52 | 126.97 |
| Woodie | 118.24 | 120.77 | 123.16 | 125.69 | 128.08 | 130.61 | 133.00 |
| Fibonacci | 120.79 | 122.67 | 123.83 | 125.71 | 127.59 | 128.75 | 130.63 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 106.18 | 109.66 | 116.48 | 119.96 | 126.78 | 130.26 | 137.08 |
| Camarilla | 120.46 | 121.40 | 122.35 | 123.29 | 124.23 | 125.18 | 126.12 |
| Woodie | 107.84 | 110.50 | 118.14 | 120.80 | 128.44 | 131.10 | 138.74 |
| Fibonacci | 109.66 | 113.60 | 116.03 | 119.96 | 123.90 | 126.33 | 130.26 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 33.44 | |
| MACD (12,26,9): | -0.9800 | |
| Directional Movement: | -20.51 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 119.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 119.24 | |
| Elder Ray (13): | -0.13 | |
| Super Trend (3,10): | 121.81 | |
| Zig ZAG (10): | 119.77 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 35.53 | |
| TEMA (21): | 119.26 | |
| Williams %R (14): | -74.13 | |
| Chande Momentum Oscillator (20): | -0.43 | |
| Repulse (5,40,3): | -0.5200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 2.69 |
| MA7: | 122.84 | |
| MA20: | 123.76 | |
| MA50: | 117.80 | |
| MA100: | 108.87 | |
| MAexp7: | 119.99 | |
| MAexp20: | 120.77 | |
| MAexp50: | 122.39 | |
| MAexp100: | 122.95 | |
| Price / MA7: | -2.54% | |
| Price / MA20: | -3.26% | |
| Price / MA50: | +1.63% | |
| Price / MA100: | +9.97% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -0.87% | |
| Price / MAexp50: | -2.18% | |
| Price / MAexp100: | -2.63% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on PHILIP MORRIS INTL. INC at the time of the generation of this analysis was as follows:
-
Philip Morris Q4 forecasts disappoint
- Philip Morris International Reports 2023 Second-Quarter and First-Half Results
- Philip Morris International to Host Webcast of 2023 Second-Quarter and First-Half Results
- New Study by KPMG Reveals Alarming Levels of Illicit Cigarettes in the EU, with France Accounting for Almost Half of the Consumption
- Philip Morris International Publishes First Human Rights Report
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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