Philip Morris (PM) — Strong Support or the Calm Before the Drop?

Short-Term Outlook (1–3 months)

Current Situation:
Philip Morris stock is trading around $153.39, sitting right on a key support zone. The price recently bounced after a sharp correction but now faces resistance near the 50-day moving average (around $158.30). This makes the coming days critical for direction confirmation.

Resistance & Support Levels:

Immediate Support: $153.39
Resistance: $158.30

Trend Analysis:
If PM can hold above $153.39 and break through $158.30, a short-term bullish move could develop. However, a breakdown below $153 would likely trigger renewed selling pressure.

Price Targets & Stop Loss:

Target: $158.30
Stop Loss: $140.27

Long-Term Outlook (6–12 months)

Current Situation:
From a longer-term perspective, PM remains below its 50-day moving average (around $177.73), suggesting the broader trend is still under pressure. However, if the stock can sustain above the $153–$158 zone and regain momentum, a recovery toward previous highs is possible.

Resistance & Support Levels:

Long-Term Support: $153.39
Long-Term Resistance: $177.73

Trend Analysis:
A sustained move above $158 would shift momentum bullishly, targeting the $170–$177 range. On the other hand, if the $153 support fails, the price could drop toward $140 or even lower.

Price Targets & Stop Loss:

Target: $170–$177
Stop Loss: $140.27

Summary

Short-Term: Watch for a bounce to $158 if support holds.
Long-Term: A breakout above $158 could open a path to $177; failure below $153 risks a drop to $140.