- Philip Morris International Inc. has a dividend payout of 99.3%.
- The stock price of Philip Morris International Inc. has given a return of -8.9% in the last six months.
- The technical indicator summary gives a sell signal to the PM stock.
Philip Morris International Inc. operates as a holding company involved in the production and distribution of both traditional cigarettes and alternative smoke-free products, such as heat-not-burn devices, e-vapor products, and oral nicotine offerings.
Trend Analysis
Philip Morris International Inc. stock is currently displaying a downtrend, marked by a consistent pattern of lower lows in its price trajectory.
The company offers a substantial dividend payout of 99.3%, which equates to a 5.68% dividend yield. This high payout ratio could raise concerns as it means the company is distributing most of its earnings as dividends, potentially impacting its financial health.
In June 2017, Philip Morris International stock achieved its peak at $123.55. However, it underwent a significant decline over the following two years, with a nearly 57% drop during this period. It ultimately found robust support at $57, marking a turning point and subsequently experiencing a remarkable recovery with gains exceeding 90%.
Despite this upward trajectory, the recent breakout from a symmetrical triangle pattern suggests a shift in sentiment. The overall structure of the stock appears negative, indicating the potential for a price decline in the upcoming days. The technical indicator summary leans towards a sell signal, with a majority of the 26 indicators indicating a bearish outlook.
The stock has given a return of -8.9% in the last six months. This underperformance might deter potential buyers as it raises concerns about the stock’s current trend and its investment attractiveness.
Which Way Will the PM Price Move?
pm by writer50_tcr on TradingView.com
Technical Indicators Summary
Analyzing the weekly MACD line of Philip Morris International Inc., it is noteworthy that it currently resides below the signal line, signifying a bearish trend. The emergence of a negative crossover amplifies the possibility of a continued decrease in the PM stock price in the foreseeable future.
Similarly, the RSI line finds itself below the signal line as it points to a bearish pattern that implies the likelihood of a price decline in the days ahead.
Additionally, a closer examination of the charts unveils a gradual decline in the trading volume of PM stock. This diminishing volume serves as a concerning signal, aligning with the prevailing downtrend in the stock price and suggesting reduced market activity.
Conclusion
The PM stock is giving a negative signal and the price has given a breakout from the triangle pattern. The indicators are negative for the stock and the price has given a poor return in the previous months. Hence, the price is expected to decline in the upcoming days.
Technical Levels
- Support Level – $89
- Resistance Level – $103
Disclaimer
The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.