The MO stock has an EPS ratio of 11.19, which indicates that the company is making a profit on each share. The beta of the MO stock is too low, resulting in 0.28. It means that the stock price is too stable and very less volatile.
The dividend yielded by Altaria Group Inc. following the last 12 months to date is 9.18%. The average trading volume of the stock is 7.57M, followed in the last three months.
The company has really negative financial ratios which indicate weakness in the price of the stock. The ROE of the stock is -171.44% followed by a very huge negative debt/equity ratio of -710.61%. The price-to-book value of Altria Group Inc. is also negative.
The MO Stock is Making Lower Lows on The Daily Chart, Will It Reverse?
The MO stock price is volatile on the larger timeframe, trading in a range of more than 15% for a long time. The price of the stock has been consistently facing buying and selling pressure from both sides.
On the daily timeframe, the MO stock is declining making lower lows and trading inside the falling wedge pattern. The price of the stock has recently formed a bearish candle on the daily timeframe by taking out the low of the previous day. The most recent behavior of the price indicates bearishness.
The indicators such as RSI and the EMAs are indicating bearishness. The RSI tried to break above the 50 level but failed. It resulted in the reversal of RSI swing and its value declined to 46.35. The EMAs are following a death cross on the charts and the price is trading below the same.
Conclusion
The technicals of the MO stock are bearish on the smaller timeframe and bullish on the larger timeframe. The financial ratios of the company are also very poor, which supports a decline in the price.
Therefore, the MO stock price may continue to decline to lower levels in the recent upcoming days.
Technical Levels
- Support levels- $38.00 and $41.00
- Resistance levels- $45.00 and $48.00
Disclaimer
The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2023/10/23/will-mo-stock-breakout-above-wedge-to-rebound-the-all-time-highs/