1 Philip Morris International Inc is currently trading at $98.18 with a down of 0.60% in the past 24 hours. However, the share price rose by 1.10% in the last 7 days. 2 The stock has been trading between $82.85 and $105.62 in the past 52 weeks. Philip Morris International Inc. (P...
- 1 Philip Morris International Inc is currently trading at $98.18 with a down of 0.60% in the past 24 hours. However, the share price rose by 1.10% in the last 7 days.
- 2 The stock has been trading between $82.85 and $105.62 in the past 52 weeks.
Philip Morris International Inc. (PMI) is a tobacco company that operates in over 180 countries and offers cigarettes, smoke-free tobacco, and nicotine-containing products. The company’s most popular and best-selling product is Marlboro. The company is one of the major players in the tobacco industry, known as Big Tobacco. The company was formed in 2008 when it separated from Altria and has its legal seat in Stamford, Connecticut, and its operational headquarters in Lausanne, Switzerland. The summary draws on information from various sources, such as the company’s website, Wikipedia, Forbes, and GlobalData
PMI has a market cap of 152.395 billion. The company’s revenue and earnings have been neutral for some years. In 2022, the company reported revenue of 31.53 Billion and net income of 9.02 Billion. PMI’s profit margin for 2022 was 28.62%.
The company has a debt of $43.56 billion and a free cash flow of $9.73 billion, with $789.10 million in cash and equivalents.
PMI’s fundamentals are strong. The price is above the 200 and 50 moving averages and shows mild bullish momentum. The price is also facing resistance from its trendline, but the overall sentiment seems to be neutral.
Philip Morris International Inc, Stock Price Technical Analysis
Philip Morris International Inc.’s stock price is displaying strong bullish momentum as its price has risen above the 50-day and 200-day moving averages. The price could be in a new uptrend and move higher if the buyers maintain their support for the share. Moreover, the bullish signal on the daily chart confirms the positive outlook.
The RSI is above the median line, reflecting a positive trend. Currently, the RSI is at 56.06 points and the 14-day SMA line is at 64.27 points and both are above the median line in the overbought area. However, it is currently headed downwards.
The MACD line has crossed above the signal line, indicating bullish strength in the share. Currently, the MACD is at 1.10 points and the signal line is at 1.19 points, and both are above the median line in the overbought area. However, the 14 SMA line crossed the RSI line in a downward direction.
The super trend line is below the price, showing a green signal and suggesting a positive trend.
Volume Analysis
Philip Morris International Inc.’s average trading volume for the last 3 months is 4.43 Million. The average volume for the last 10 days is 5.11 Million.
Summary
The chart of Philip Morris International Inc. stock is giving uncertain signs. The RSI, MACD, moving averages and super trend are all in positive zones, indicating uncertainty in the movement. The price may face some resistance at the supply zone, but the overall sentiment is neutral.
Technical Levels
- Support Level – The current support level is $96.25.
- Resistance Level – The current resistance level is $102.00.
Disclaimer
This article is only for information and education purposes. Do not use this information as financial or trading advice. Trading and investing have financial risks. Before making any investment or trading decision, please think about your risk tolerance and situation.