Buy Philip Morris International | NYSE – PM | Short Term Trading Advice | Food & Tobacco Sector | 14th Aug 2024 | Expected Gain 4% – 5%

Philip Morris International (NYSE: PM) vs NYSE - Relative Strength Comparison

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 Indicator

• Current RSI of this stock is 72.33, which indicates the strength of buyers.

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

• 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 Crossover

• 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 US trading and investment advice, Philip Morris International stock price target will be USD 122 - USD 123 in the next 12-14 trading sessions.