PHILIP MORRIS INTL. INC - 1H - Technical analysis published on 10/04/2024 (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
33%
50%
17%
My opinion
Bearish under 120.25 USD
My targets
116.43 USD (-1.57%)
108.27 USD (-8.47%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on PHILIP MORRIS INTL. INC as long as the price remains well below 120.25 USD. The sellers' bearish objective is set at 116.43 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 108.27 USD. In case of crossing, the next objective would be the support located at 99.47 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
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
The PHILIP MORRIS INTL. INC rating is 118.29 USD. On the day, this instrument lost -0.08% and was traded between 117.53 USD and 118.51 USD over the period. The price is currently at +0.65% from its lowest and -0.19% from its highest.117.53
118.51
118.29
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this PHILIP MORRIS INTL. INC chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by 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
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 3 are neutral and 9 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
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:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 84.85 | 92.74 | 99.47 | 118.29 | 118.41 | 120.25 | 121.95 |
| Change (%) | -28.27% | -21.60% | -15.91% | - | +0.10% | +1.66% | +3.09% |
| Change | -33.44 | -25.55 | -18.82 | - | +0.12 | +1.96 | +3.66 |
| Level | Major | Intermediate | Major | - | Major | Minor | Major |
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 | 115.79 | 116.79 | 117.59 | 118.59 | 119.39 | 120.39 | 121.19 |
| Camarilla | 117.89 | 118.05 | 118.22 | 118.38 | 118.55 | 118.71 | 118.88 |
| Woodie | 115.68 | 116.74 | 117.48 | 118.54 | 119.28 | 120.34 | 121.08 |
| Fibonacci | 116.79 | 117.48 | 117.91 | 118.59 | 119.28 | 119.71 | 120.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 116.43 | 117.61 | 119.12 | 120.30 | 121.81 | 122.99 | 124.50 |
| Camarilla | 119.88 | 120.13 | 120.37 | 120.62 | 120.87 | 121.11 | 121.36 |
| Woodie | 116.59 | 117.69 | 119.28 | 120.38 | 121.97 | 123.07 | 124.66 |
| Fibonacci | 117.61 | 118.64 | 119.28 | 120.30 | 121.33 | 121.97 | 122.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 108.27 | 113.05 | 117.23 | 122.01 | 126.19 | 130.97 | 135.15 |
| Camarilla | 118.94 | 119.76 | 120.58 | 121.40 | 122.22 | 123.04 | 123.86 |
| Woodie | 107.96 | 112.90 | 116.92 | 121.86 | 125.88 | 130.82 | 134.84 |
| Fibonacci | 113.05 | 116.48 | 118.59 | 122.01 | 125.44 | 127.55 | 130.97 |
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): | 35.15 | |
| MACD (12,26,9): | -0.6400 | |
| Directional Movement: | -11.96 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 117.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 118.48 | |
| Elder Ray (13): | -0.20 | |
| Super Trend (3,10): | 119.55 | |
| Zig ZAG (10): | 118.16 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 25.46 | |
| TEMA (21): | 117.62 | |
| Williams %R (14): | -66.96 | |
| Chande Momentum Oscillator (20): | -1.33 | |
| Repulse (5,40,3): | 0.2500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 2.74 |
| MA7: | 119.98 | |
| MA20: | 121.31 | |
| MA50: | 119.11 | |
| MA100: | 110.13 | |
| MAexp7: | 118.20 | |
| MAexp20: | 118.76 | |
| MAexp50: | 119.60 | |
| MAexp100: | 120.21 | |
| Price / MA7: | -1.41% | |
| Price / MA20: | -2.49% | |
| Price / MA50: | -0.69% | |
| Price / MA100: | +7.41% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | -0.40% | |
| Price / MAexp50: | -1.10% | |
| Price / MAexp100: | -1.60% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on PHILIP MORRIS INTL. INC. At the time of publication of this analysis, the latest news 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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