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Asset Summary

Daily Performance Report for MO ETF: Nov 16, 2024

Summary: The day started with MO ETF opening at $55.93 and closing at $56. The ETF showed resilience throughout the day, with the highest price observed at $56 and the lowest at $55.93. The underlying asset had a trading range of $0.07 Overall, it was a positive trading day for MO ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $0.07 or 0.13% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for MO ETF was 2,285 units during Nov 16, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $55.93.

Highest Price: The highest price observed during the day was $56.

Lowest Price: The lowest price observed during the day was $55.93.

Closing Price: The day ended at $56.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

Altria typically reports earnings on a quarterly basis, providing updates on financial performance, sales figures, and market conditions.

Historically, MO has provided strong returns through dividends, although its stock price can be influenced by regulatory changes and public perception of tobacco.

Yes, shares of MO can be held in retirement accounts such as IRAs or 401(k)s, which can provide tax advantages for long-term investors.

Similar companies include Philip Morris International (PM), British American Tobacco (BTI), and Japan Tobacco (JT), which also operate in the tobacco sector.

MO is investing in research and development of reduced-risk products, including e-cigarettes and heated tobacco, to adapt to changing consumer preferences.

MO offers a range of products, including traditional cigarettes, smokeless tobacco, and, more recently, products like e-cigarettes and heated tobacco devices.

Major brands include Marlboro, Copenhagen, and Skoal, among others, which are well-known in the tobacco industry.

Investors can buy shares of MO through a brokerage account, as it is publicly traded on the New York Stock Exchange under the ticker symbol "MO."

Investing in MO carries risks including regulatory scrutiny, litigation related to health impacts of tobacco, and market shifts towards reduced-risk products.

Altria generates revenue primarily through the sale of tobacco products, including cigarettes and smokeless products, as well as from investments in cannabis and vape companies.

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Disclaimers

The information displayed on this site is sourced from third-party providers and is believed to be reliable. RankMyTrade (RMT) has not independently verified this data and does not guarantee its accuracy. The information and calculations provided by RankMyTrade are for educational and informational purposes only and should not be construed as financial or investment advice.

With any investment, your capital is at risk. The value of your portfolio go down as well as up. Past performance is no guarantee of future results. By using this website, you accept our Terms of Service, Privacy Policy, and Payment Agreement.

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