- Altria Group (MO) is going to host webcasts of 2023 nine-month results and the third quarter.
- As of October 14, 2023, MO’s market capitalization is $75.705 billion. MO is now available for $42.66 on the market.
- Let’s analyze the MO stock price and use technical analysis to learn about the stock.
The Altria Group’s financial situation is good compared to last year. The company’s Revenue in 2022 fell by $423 million from the year before to $20.69 billion. In 2022, it had an Operating Income of $15.96 billion. Compared to last year it grew by $4.23 billion. The firm’s Net Income in 2022 was $5.75 billion. It had increased by almost $3.29 billion over the last year.
The stock almost increased by 37,361% over the history of the stock. It decreased by 29% over the last 5 years. The stock in the preceding year fell by 4.50%. Altria Group was founded in 1985. It is one of the largest marketers and producers of cigarettes, tobacco, and related products.
EMA and SMA (50, 100, 200)
Exponential Moving Average
The EMA 100- $43.87 (Sell)
The EMA 200- $44.63 (Sell)
Simple Moving Average
The SMA 100- $44.09 (Sell)
The SMA 200- $45.00 (Sell)
Technical Analysis of MO Stock
The MO stock reached its all-time high on June 20, 2017, in the 1-D time frame, which was around $77. The stock is up by 0.99% today. Therefore, the share increased by $0.42.
MO stock’s ROE (Return On Equity) in the final four quarters of 2022 was -874.05% in Q1, 99.00% in Q2, -187.42% in Q3, and 186.75% in Q4. As we can see, MO stock began to go upward after receiving assistance from the support level. This stock is not performing well in the 1-D time frame analysis.
The “Bull or Bullish Pattern” is the name of the formation. It implies that the price will continue to incline over a day. This pattern develops while the price is dropping and predicts that after forming, the price of the MO stock could increase. We should wait till the next candle to determine whether the prediction was right or wrong. Bearish market sentiment is currently prevalent in MO stock.
Live Chart of MO Stock
Conclusion
According to the analysis, the MO stock is not doing well during the one-day timeframe. Due to its momentum for a neutral change, it is not appropriate for short-term duration. The research is complete to present technical data on the MO stock. In the future, it might rise by 2.57%, which means it might reach the $43.76 price level by 19 October 2023. It increased throughout 5-D by 1.57%. Last month, it decreased by 5.20%, and in the preceding 6 months it decreased by 5.49%. The chances of breakout are only possible when the stock can break its support or resistance level.
Technical Levels
Support level- $41.13
Resistance level- $47.65
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.