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<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Altria Group stock (NYSE: MO) was at $44.57 with a market capitalization of $79.559 Billion at the time of writing.</a> </li> 
 <li> <span>2</span> <a>Mo’s last day trading volume is 6.598 Million and the last 10 days’ average volume is 7.98 Million.</a> </li> 
</ul> 
<p>Altria Group (NYSE: MO) stock is trading inside the narrow channel forming lower highs pattern. Recently, the stock showed its intent to flip the ongoing trend by breaking the crucial range of $44.20 below the 200-day SMA. This downfall shows that bears are in control and not in the mood to budge.</p> 
<p>At press time, MO stock was trading at $43.92 with an intraday minor loss of 0.39%, breaking below the 200-day EMA, showing bearishness on the charts. Moreover, the intraday trading volume also showed a decline of 6.598 Million less than the average 10 days volume of 7.987 Million. The market cap of MO stock is $77.941 Billion.</p> 
<p>Altria Group, Inc. (NYSE: MO) is a tobacco industry leader. It owns several popular brands, including Marlboro, Copenhagen, Skoal, and NJOY. The company also holds stakes in Anheuser-Busch InBev, Cronos Group, and Juul Labs.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/hC37-hBN_ZcdPBpsba7wjbgw5X3SKWQdL7r4Z2o5nuNLClhW0fmvQJAsZ5mNDK9chk1AfOjxRvAq_oujVdeasZKGFRVhT_781gBSTYenVBB_ZMU8Rv6Htnb2sr0dy1r5EX4i2uURtA5mxEaj3rVImrw" alt="Mo Stock Price Analysis: Assessing Altria's Potential in 2023"> 
  <figcaption class="wp-element-caption">
    Source: Trading View 
  </figcaption> 
 </figure> 
</div> 
<p>On the daily charts, Altria Group stock showed a narrow channel pattern. The price is near the lower trendline below the 50-day SMA, showing weakness on the charts. Recently, the stock bounced back from the channel lows and headed towards 50 SMA.</p> 
<p>Altria Group stock is now trading near the middle Bollinger band and above the 23.60% Fib level, below the 50% level, near $43.96. Furthermore, the chart shows sellers are gaining traction and preparing for the next bearish move.</p> 
<p>On the 4-hour charts, <a href="https://www.thecoinrepublic.com/2023/08/10/atvi-stock-price-prediction-is-bull-momentum-vanished-in-atvi/" target="_blank" rel="noopener noreferrer nofollow">Altria Group stock</a> is on the verge of a much awaited breakdown, which will be registered when the price trades below $43.69. However, buyers are accumulating the stock by defending it from the support of $43.69.</p> 
<p>The RSI curve floating near 32 showed a downfall from the neutral zone indicating sellers’ presence in the previous trading sessions.</p> 
<p>The MACD indicator shows a bearish momentum and shows red bars on the histogram, suggesting the bearishness of the stock.</p> 
<h4 class="wp-block-heading"><strong>Support and Resistance Levels for MO</strong></h4> 
<p><strong>Support Level:</strong> $43.00.</p> 
<p><strong>Resistance Level:</strong> $46.00</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>MO stock price is trading in a tight range and showing bearish signs. The stock may move big after the earnings report and the guidance. Altria conveyed mixed Q2 results, with lower revenues, but higher earnings. The company faced challenges in the form of low volume in the smokeable product section and currency headwinds but benefited from higher prices, better mix, lower taxes, and higher AB InBev earnings.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The information provided in this article is for educational purposes only and does not constitute investment advice. Technical analysis is based on historical patterns and trends and does not guarantee future results. Trading involves risks and you should only invest what you can afford to lose.</p>

Mo Stock Price Analysis: Assessing Altria’s Potential in 2023

Thecoinrepublic.com

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