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PM Stock Tickeron detected bullish Stock Pattern: Broadening Wedge Ascending PM on July 31, 2024, netting in a 15.85% gain over 2 months

A.I.dvisor
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+15.85% Gain from a Successful pattern Broadening Wedge Ascending
PM - Philip Morris International
Tickeron
Ticker: PM
Company: Philip Morris International
Gain: +15.85%
Confirmed: 07/31/24
Succeeded: 10/22/24
Total length: 84 days
On July 30, 2024, A.I.dvisor detected a Broadening Wedge Ascending Pattern (Bullish) for Philip Morris International (PM, $113.43). On July 31, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $129.98. 83 days later, on October 22, 2024, PM reached the target price resulting in a +1 for traders who took a long position in the stock.

PM in upward trend: price may ascend as a result of having broken its lower Bollinger Band on December 11, 2024

PM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 28 cases where PM's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PM advanced for three days, in of 368 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 347 cases where PM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 06, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PM as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for PM turned negative on December 03, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

PM moved below its 50-day moving average on December 11, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 73, placing this stock better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (3.662). P/E Ratio (20.159) is within average values for comparable stocks, (13.019). Projected Growth (PEG Ratio) (1.553) is also within normal values, averaging (1.921). Dividend Yield (0.041) settles around the average of (0.058) among similar stocks. PM's P/S Ratio (5.308) is slightly higher than the industry average of (1.830).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. PM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

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General Information

a manufacturer of cigarettes and other tobacco products

Industry Tobacco

Profile
Fundamentals
Details
Industry
Tobacco
Address
677 Washington Boulevard
Phone
+1 203 905-2410
Employees
87200
Web
https://www.pmi.com