ALTRIA GROUP INC. - Daily - Technical analysis published on 10/04/2019 (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
50%
28%
22%
My opinion
Bearish under 43.33 USD
My targets
40.12 USD (-1.69%)
33.64 USD (-17.57%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ALTRIA GROUP INC. as long as the price remains well below 43.33 USD. The sellers” bearish objective is set at 40.12 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 33.64 USD. In case of crossing, the next objective would be the support located at 26.38 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.4
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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 40.81 USD. The price registered an increase of +1.49% on the session and was traded between 40.13 USD and 40.90 USD over the period. The price is currently at +1.69% from its lowest and -0.22% from its highest.40.13
40.90
40.81
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 LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ALTRIA GROUP INC. indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Black evening star
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.38 | 33.64 | 40.12 | 40.81 | 43.33 | 51.42 | 53.98 |
| Change (%) | -35.36% | -17.57% | -1.69% | - | +6.17% | +26.00% | +32.27% |
| Change | -14.43 | -7.17 | -0.69 | - | +2.52 | +10.61 | +13.17 |
| Level | Major | Minor | Major | - | Major | 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 | 39.02 | 39.56 | 39.89 | 40.43 | 40.76 | 41.30 | 41.63 |
| Camarilla | 39.97 | 40.05 | 40.13 | 40.21 | 40.29 | 40.37 | 40.45 |
| Woodie | 38.91 | 39.51 | 39.78 | 40.38 | 40.65 | 41.25 | 41.52 |
| Fibonacci | 39.56 | 39.90 | 40.10 | 40.43 | 40.77 | 40.97 | 41.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.95 | 38.20 | 39.16 | 40.41 | 41.37 | 42.62 | 43.58 |
| Camarilla | 39.52 | 39.73 | 39.93 | 40.13 | 40.33 | 40.54 | 40.74 |
| Woodie | 36.82 | 38.13 | 39.03 | 40.34 | 41.24 | 42.55 | 43.45 |
| Fibonacci | 38.20 | 39.04 | 39.56 | 40.41 | 41.25 | 41.77 | 42.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.94 | 36.62 | 38.76 | 41.44 | 43.58 | 46.26 | 48.40 |
| Camarilla | 39.58 | 40.02 | 40.46 | 40.90 | 41.34 | 41.78 | 42.23 |
| Woodie | 33.67 | 36.49 | 38.49 | 41.31 | 43.31 | 46.13 | 48.13 |
| Fibonacci | 36.62 | 38.46 | 39.60 | 41.44 | 43.28 | 44.42 | 46.26 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 40.42 | |
| MACD (12,26,9): | -1.0100 | |
| Directional Movement: | -11.15 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 40.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 39.57 | |
| Elder Ray (13): | -0.52 | |
| Super Trend (3,10): | 43.69 | |
| Zig ZAG (10): | 40.81 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 38.29 | |
| TEMA (21): | 40.11 | |
| Williams %R (14): | -45.70 | |
| Chande Momentum Oscillator (20): | -0.50 | |
| Repulse (5,40,3): | 1.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3800 | |
| Courbe Coppock: | 9.23 |
| MA7: | 40.63 | |
| MA20: | 41.48 | |
| MA50: | 43.94 | |
| MA100: | 46.41 | |
| MAexp7: | 40.72 | |
| MAexp20: | 41.53 | |
| MAexp50: | 43.54 | |
| MAexp100: | 45.67 | |
| Price / MA7: | +0.44% | |
| Price / MA20: | -1.62% | |
| Price / MA50: | -7.12% | |
| Price / MA100: | -12.07% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | -1.73% | |
| Price / MAexp50: | -6.27% | |
| Price / MAexp100: | -10.64% |
News
The last news published on ALTRIA GROUP INC. at the time of the generation of this analysis was as follows:
- Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Altria Group, Inc. (NYSE: MO) and Encourages Altria Group Investors to Contact the Firm
- MO LOSS NOTICE: ROSEN, A TOP RANKED LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Altria Group, Inc. – MO
- MO SHAREHOLDER ALERT: Hagens Berman Notifies Investors in Altria Group (MO) of an Investigation Involving Possible Securities Fraud
- Bragar Eagel & Squire, P.C. is Investigating Altria Group, Inc. (NYSE:MO) on Behalf of Altria Group Stockholders and Encourages Altria Investors to Contact the Firm
- EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Altria Group, Inc. – MO
This member declared not having a position on this financial instrument or a related financial instrument.
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