PM technical analysis

The latest weekly close for PM is 190.48. This price sits above the weekly EMA20 of 185.57 by 2.65%. It is also above the weekly EMA50 of 176.67 by 7.81% and significantly above the weekly EMA200 of 142.85 by 33.34%.

The weekly EMA stack for PM is bullish, with the EMA20 (185.57) above the EMA50 (176.67), which is in turn above the EMA200 (142.85). This configuration indicates a strong upward trend in the stock. It is important to note that the EMA stack describes the prevailing trend, not specific entry or exit timing.

No EMA50/EMA200 cross was found within the computable window of 315 bars (2020-09-21 to 2026-09-25).

What would change this read

• – A weekly close below the EMA20 of 185.57.
• – A weekly close below the EMA50 of 176.67.
• – A change in the EMA stack order, such as the EMA20 falling below the EMA50.

The weekly MACD for PM is at 4.52, which is currently below its signal line of 4.89. This bearish posture was established with a bearish crossover on 2026-08-31, 4 weeks ago.

The histogram is negative at -0.37. The 4-bar change of -0.1881 indicates that the negative momentum is accelerating to the downside.

Despite the recent bearish signal-line crossover, the MACD remains above the zero line, indicating that the longer-term trend is still bullish. The last zero-line cross was a bullish one on 2026-05-04, 21 weeks ago. This is distinct from the more recent signal-line crossover, which reflects shorter-term momentum shifts within the broader trend.

No bearish divergence was found between the 2026-07-20 close of 193 (MACD 5.618) and the 2026-08-24 close of 191.89 (MACD 5.7228). Similarly, no bullish divergence was found between the 2026-05-25 close of 177.38 (MACD 3.4878) and the 2026-08-31 close of 182.53 (MACD 4.9499).

What would change this read

A bullish signal would be generated if the MACD crosses back above its signal line (i.e., MACD moves above 4.89). A stronger bearish signal would occur if the MACD crosses below the zero line (i.e., MACD moves below 0). A shift in momentum would be indicated if the histogram turns positive (i.e., histogram moves above 0).

The current weekly RSI(14) for PM is 56.84, placing it in the neutral zone (overbought >= 70, oversold <= 30).

Over the last four weeks, the RSI has been rising, moving from 51.37 to its current value of 56.84.

The most recent band event occurred 62 weeks ago, on 2025-07-21, when the RSI fell back below the overbought threshold of 70.

No bearish divergence was found. No bullish divergence was found.

What would change this read

A shift in the weekly RSI(14) to 70 or above would indicate an overbought condition. Conversely, a drop to 30 or below would signal an oversold state. A reversal of the recent upward trend, with the RSI falling below 51.37, would also alter this neutral read.

The current weekly ATR(14) for PM is 10.4, which represents 5.46% of the latest weekly close of 190.48.

Compared to eight weeks ago, when the ATR was 11.72, current weekly volatility is contracting, as the ATR has decreased to 10.4.

Based on the latest weekly close of 190.48, the 1x ATR band suggests an expected weekly trading range between 180.08 and 200.88. Expanding this, the 2x ATR band indicates that a more extended weekly range could see PM trade between 169.69 and 211.27. These bands describe expected weekly range, not price predictions.

What would change this read

• – An increase in the weekly ATR(14) above 11.72 would signal a shift to expanding volatility.
• – If the weekly ATR(14) were to remain at 10.4 in the coming weeks, it would suggest that volatility has stabilized rather than continuing to contract.

PM's 52-week high was 207.76, set on 2026-07-27. The 52-week low was 142.11, established on 2025-11-03.

The latest weekly close of 190.48 is 8.32% below its 52-week high and 34.04% above its 52-week low.

The stock's position within its 52-week range is 73.7%. This indicates that PM is trading in the upper quartile of its yearly price spectrum, suggesting sustained strength and a generally positive trend over the past 52 weeks, as it is significantly closer to its high than its low.

What would change this read

A weekly close above 207.76 would establish a new 52-week high, reinforcing a strong bullish outlook. Conversely, a weekly close below the midpoint of the 52-week range at 174.93 would shift the stock into the lower half of its yearly range, weakening the current bullish read. A weekly close below 142.11 would signal a new 52-week low, turning the outlook bearish.