Do you want to know the current price of Altria Group and what will happen to MO shares next? On this page, we share the latest news about the Altria Group and give advice on buying shares. You can also view the latest Altria Group Forecast for 2022 and 2023 from our experts.
Should you buy or sell Altria Group shares today? To what levels can the shares of this company rise in a year, two, three? How much will Altria Group’s papers cost in 2021, 2022, 2023? We have been making currency rate forecasts for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account the technical, fundamental analysis of stocks, the news background, the general geopolitical situation in the world and other, smaller factors. The stock forecasts indicate target levels for MO shares, both up and down.
Altria Group Forecast for 2022 and 2023
Quotes Altria Group continue to move as part of the rise and the formation of the model “Triangle”. The moving averages indicate a short-term bullish trend for MO shares. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of securities and a likely continuation of growth in the near future. At the time of publication of the forecast, the price of Altria Group shares is 50.08 per share. As part of the forecast, we should expect an attempt to fall and a test of the support level near the 45.55 area. Further, the price bounces up and the continued rise in the value of securities. The potential target of such a movement in shares is the area above the level of 65.55 already in 2021, 2022, 2023.
An additional signal in favor of the growth of Altria Group quotes will be a test of the support line on the relative strength index (RSI), now the indicator values are testing the overbought area. The second signal will be a rebound from the lower border of the Triangle pattern. Cancellation of the option to raise the price of MO shares will be a fall and a breakdown of the level of 43.05. This will indicate a breakdown of the lower border of the ascending channel, in which case we can consider a continuation of the decline in securities to the area at the level of 30.05. It is worth waiting for confirmation of the rise in shares with a breakdown of the resistance area and closing above the level of 53.55, which will indicate a breakdown of the upper border of the “Triangle” model.
Altria Group Forecast for 2022 and 2023 suggests an attempt to develop a decline and test the support area near the level of 45.55. Where should we expect a rebound and an attempt to continue the rise of shares in the area above the level of 65.55. In favor of the growth of securities, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the MO rise option will be a fall and a breakdown of the level of 43.05. This will indicate a breakdown of the lower border of the bullish channel and a continuation of the fall in value to the area below the level of 53.55.
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