ALTRIA GROUP INC. - 1H - Technical analysis published on 09/24/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 49.23 USD
My targets
48.20 USD (-0.99%)
47.54 USD (-2.34%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 49.23 USD remains possible. It is advisable to trade ALTRIA GROUP INC. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 49.23 USD. The next bearish objective for sellers is set at 48.20 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 47.54 USD. In case of crossing, the next objective would be the support located at 46.49 USD. PS: if there is a bullish break in the resistance located at 49.23 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ALTRIA GROUP INC. rating 48.68 USD. On the day, this instrument lost -0.27% with the lowest point at 48.65 USD and the highest point at 49.05 USD. The deviation from the price is +0.06% for the low point and -0.75% for the high point.48.65
49.05
48.68
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ALTRIA GROUP INC.:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ALTRIA GROUP INC. chart shows a bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 46.49 | 47.54 | 48.20 | 48.68 | 48.75 | 49.23 | 49.81 |
| Change (%) | -4.50% | -2.34% | -0.99% | - | +0.14% | +1.13% | +2.32% |
| Change | -2.19 | -1.14 | -0.48 | - | +0.07 | +0.55 | +1.13 |
| Level | Major | Major | Intermediate | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.61 | 48.01 | 48.41 | 48.81 | 49.21 | 49.61 | 50.01 |
| Camarilla | 48.59 | 48.66 | 48.74 | 48.81 | 48.88 | 48.96 | 49.03 |
| Woodie | 47.61 | 48.01 | 48.41 | 48.81 | 49.21 | 49.61 | 50.01 |
| Fibonacci | 48.01 | 48.32 | 48.50 | 48.81 | 49.12 | 49.30 | 49.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.27 | 47.29 | 47.95 | 48.97 | 49.63 | 50.65 | 51.31 |
| Camarilla | 48.15 | 48.30 | 48.46 | 48.61 | 48.76 | 48.92 | 49.07 |
| Woodie | 46.09 | 47.20 | 47.77 | 48.88 | 49.45 | 50.56 | 51.13 |
| Fibonacci | 47.29 | 47.93 | 48.33 | 48.97 | 49.61 | 50.01 | 50.65 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.63 | 44.80 | 47.07 | 48.24 | 50.51 | 51.68 | 53.95 |
| Camarilla | 48.38 | 48.70 | 49.02 | 49.33 | 49.65 | 49.96 | 50.28 |
| Woodie | 44.17 | 45.08 | 47.61 | 48.52 | 51.05 | 51.96 | 54.49 |
| Fibonacci | 44.80 | 46.12 | 46.93 | 48.24 | 49.56 | 50.37 | 51.68 |
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): | 50.30 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 2.57 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 48.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 48.31 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 48.16 | |
| Zig ZAG (10): | 48.67 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 61.17 | |
| TEMA (21): | 48.94 | |
| Williams %R (14): | -52.00 | |
| Chande Momentum Oscillator (20): | 0.16 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 2.06 |
| MA7: | 48.49 | |
| MA20: | 49.07 | |
| MA50: | 47.84 | |
| MA100: | 47.57 | |
| MAexp7: | 48.85 | |
| MAexp20: | 48.69 | |
| MAexp50: | 48.70 | |
| MAexp100: | 48.76 | |
| Price / MA7: | +0.39% | |
| Price / MA20: | -0.79% | |
| Price / MA50: | +1.76% | |
| Price / MA100: | +2.33% | |
| Price / MAexp7: | -0.35% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.16% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on ALTRIA GROUP INC. at the time of the analysis were as follows:
- Altria Increases Quarterly Dividend by 4.7% to $0.90 Per Share
- Altria to Host Webcast of 2021 Second-Quarter and First-Half Results
- Altria Reaches Agreement to Sell Its Ste. Michelle Wine Estates Business
- Altria Holds 2021 Annual Meeting of Shareholders
- Altria Group Announces Election of Kathryn B. McQuade as Chair of the Board
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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