ALTRIA GROUP INC. - Daily - Technical analysis published on 06/24/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 49.08 USD
My targets
43.33 USD (-9.73%)
33.64 USD (-29.92%)
My analysis
The bearish trend is currently very strong for ALTRIA GROUP INC.. As long as the price remains below the resistance at 49.08 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 43.33 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 33.64 USD as an objective. Crossing it would then enable sellers to target 26.38 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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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
The ALTRIA GROUP INC. rating is 48.00 USD. The price registered a decrease of -4.50% on the session with the lowest point at 47.91 USD and the highest point at 50.34 USD. The deviation from the price is +0.19% for the low point and -4.65% for the high point.47.91
50.34
48.00
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
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 (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ALTRIA GROUP INC. chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, only 9 technical indicators out of 18 studied are currently bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.38 | 33.64 | 43.33 | 48.00 | 49.08 | 52.09 | 56.50 |
| Change (%) | -45.04% | -29.92% | -9.73% | - | +2.25% | +8.52% | +17.71% |
| Change | -21.62 | -14.36 | -4.67 | - | +1.08 | +4.09 | +8.50 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | 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 | 49.46 | 49.68 | 49.97 | 50.19 | 50.48 | 50.70 | 50.99 |
| Camarilla | 50.12 | 50.17 | 50.21 | 50.26 | 50.31 | 50.35 | 50.40 |
| Woodie | 49.49 | 49.70 | 50.01 | 50.21 | 50.51 | 50.72 | 51.03 |
| Fibonacci | 49.68 | 49.87 | 50.00 | 50.19 | 50.38 | 50.51 | 50.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.35 | 48.53 | 49.30 | 50.47 | 51.24 | 52.41 | 53.19 |
| Camarilla | 49.54 | 49.71 | 49.89 | 50.07 | 50.25 | 50.43 | 50.61 |
| Woodie | 47.15 | 48.43 | 49.10 | 50.37 | 51.04 | 52.31 | 52.99 |
| Fibonacci | 48.53 | 49.27 | 49.73 | 50.47 | 51.21 | 51.67 | 52.41 |
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): | 35.09 | |
| MACD (12,26,9): | -0.4600 | |
| Directional Movement: | -22.04 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 49.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 51.64 | |
| Elder Ray (13): | -0.95 | |
| Super Trend (3,10): | 52.33 | |
| Zig ZAG (10): | 48.00 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 37.27 | |
| TEMA (21): | 49.71 | |
| Williams %R (14): | -97.59 | |
| Chande Momentum Oscillator (20): | -0.92 | |
| Repulse (5,40,3): | -6.5200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 1.74 |
| MA7: | 50.17 | |
| MA20: | 50.00 | |
| MA50: | 51.60 | |
| MA100: | 51.73 | |
| MAexp7: | 49.78 | |
| MAexp20: | 50.29 | |
| MAexp50: | 51.10 | |
| MAexp100: | 51.60 | |
| Price / MA7: | -4.33% | |
| Price / MA20: | -4.00% | |
| Price / MA50: | -6.98% | |
| Price / MA100: | -7.21% | |
| Price / MAexp7: | -3.58% | |
| Price / MAexp20: | -4.55% | |
| Price / MAexp50: | -6.07% | |
| Price / MAexp100: | -6.98% |
News
The latest news and videos published on ALTRIA GROUP INC. at the time of the analysis were as follows:
- Altria Presents at the Consumer Analyst Group of New York Conference; Reaffirms Full-Year 2019 Earnings Guidance
- Altria to Host Webcast from the Consumer Analyst Group of New York Conference
-
Lexaria Bioscience announces partnership with U.S Giant Altria to fund R&D
- Lexaria Bioscience Announces Partnership with Altria to Fund Research and Development of DehydraTECH(TM) Technology for Oral Nicotine
-
Altria-Juul deal near: Altria is close to a deal to take a 35 percent stake in Juul
This member declared not having a position on this financial instrument or a related financial instrument.
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