Buy Philip Morris International | NYSE PM | Naranj Capital

 BUY   Philip Morris International (NYSE: PM)

Philip Morris International (NYSE: PM) STOCK RECOMMENDATION

Idea BUY
Buy Range 116 – 117
Target 122 – 123
StopLoss* below 114
Duration 12-14 Trading Days
Potential Returns 4% – 5%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 116 – 117 122 – 123 below 114 12-14 Trading Days 4% – 5%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Philip Morris International (NYSE: PM) STOCK OVERVIEW

Philip Morris International Inc. is a tobacco company that is changing its product range to focus on options beyond tobacco and nicotine for the future. Currently, it offers cigarettes and smoke-free products like heat-not-burn, vapor, and oral nicotine items in markets outside the U.S. Its cigarette brands include Marlboro, Bond Street, Chesterfield, L&M, Lark, and Philip Morris. PMI was established in 1987 and is based in New York, NY.

Stock Data
NYSE Symbol PM
Sectoral Index Health Care
52 Weeks High 119.06
52 Weeks Low 87.23

Philip Morris International (NYSE: PM) - RELATIVE STRENGTH

PM-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Philip Morris International —     NYSE —

Philip Morris International (NYSE: PM) - DAILY TECHNICAL ANALYSIS

Philip Morris International (NYSE: PM) - Technical Analysis (Daily)
  • The stock price has gone through significant ups and downs before settling into a prolonged consolidation phase.
  • Once it broke free from the box pattern, the price soared, surpassing its earlier resistance level and continuing its upward trajectory.
  • Overall, the sentiment will remain positive as long as the price remains above the 112 level.

Philip Morris International (NYSE: PM) - RSI

PM-RSI
Philip Morris International (NYSE: PM) - RSI
  • Current RSI of this stock is 72.33, which indicates the strength of buyers.

Philip Morris International (NYSE: PM) - ADX & DI

Philip Morris International (NYSE: PM) - ADX & DI
  • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

Philip Morris International (NYSE: PM) - EMA Cross

PM-EMA CROSS
Philip Morris International (NYSE: PM) - EMA Cross
  • The short length exponential moving average (5 EMA) has crossed the long length exponential moving average (10 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

CONCLUSION - Philip Morris International (NYSE: PM) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Philip Morris International stock price target will be USD 116 – USD 117 in the next 122-123 trading sessions.

Philip Morris International (NYSE: PM) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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