Altria may fall to 46.20 - 46.90

Our pivot point stands at 50.6.

Our preference

The downside prevails as long as 50.6 is resistance.

Alternative scenario

The upside breakout of 50.6 would call for 51.8 and 52.5.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 50.228 and 51.4466).

Supports and resistances

52.5 **

51.8 *

50.6 **

50.1

49.06 (USD-last)

47.6

46.9 **

46.2 *

45.6 **

Number of asterisks represents the strength of support and resistance levels.