Altria Stock Surges 3.61% to $61.50 on Bullish Technical Breakout

Candlestick Theory
Altria Group's recent price action reveals a bullish engulfing pattern on July 29–30, 2025, with the stock surging 3.61% to close at $61.50 after testing the key support near $58.43 (July 29 low). This follows a hammer candlestick on July 28, where the price rejected lows near $58.60, signaling accumulation. Immediate resistance is observed at $62.21 (July 30 high), while $59.81 (July 30 low) now acts as short-term support. The breakout above the $60 psychological barrier suggests bullish conviction, but the prior rejection near $62–$63 (June/July peaks) requires monitoring for resistance confirmation.
Moving Average Theory
The 50-day MA (currently ~$59.20) recently crossed above the 100-day MA (~$58.80), confirming a bullish near-term structure. The 200-day MA (~$56.50) maintains a positive slope, reinforcing the long-term uptrend. Current price trades above all three moving averages, with the 50-day providing dynamic support during July’s pullbacks. This alignment signals sustained bullish momentum, though a close below the 50-day MA could trigger short-term profit-taking.
MACD & KDJ Indicators
MACD (12,26,9) exhibits a bullish crossover above the signal line, with the histogram expanding positively—indicating accelerating upward momentum. KDJ shows the K-line (87) and D-line (82) in overbought territory, while J-line (97) approaches extreme levels. This suggests near-term exhaustion risk, though the strong MACD momentum may delay reversal signals. Divergence is absent, aligning with the price breakout.
Bollinger Bands
Bollinger Bands (20-day, 2σ) narrowed significantly in mid-July (volatility contraction) before the sharp expansion on July 30, where price closed near the upper band ($62.30). This "squeeze breakout" implies continuation potential toward $63–$64. However, the deviation above the upper band warns of a possible pullback to the midline ($59.50), which coincides with the 50-day MA support.
Volume-Price Relationship
The July 30 rally occurred on elevated volume (20.47M shares, 73% above the 30-day average), validating breakout conviction. Volume surged similarly during the June 20 swing low and July 12 recovery, confirming accumulation at support. The consistent volume uptick during advances versus thinning sell-offs since May reinforces the bullish trend’s sustainability.
Relative Strength Index (RSI)
The 14-day RSI (74) entered overbought territory, aligning with KDJ warnings. Historically, reversions from RSI >70 have triggered 5–8% pullbacks (e.g., April and June 2025). Nevertheless, the primary uptrend remains intact unless RSI sustains above 80 for multiple sessions or forms bearish divergence.
Fibonacci Retracement
Using the March 21, 2025, low of $57.60 and the June 23 high of $60.49, the recent pullback held the 38.2% retracement ($59.30). The current rally now targets the 161.8% extension level ($64.50). Confluence exists at the 61.8% retracement ($58.20), which overlaps with the 200-day MA and May 2025 swing highs, solidifying it as major support.
Confluence and Divergence
Multiple indicators converge at $58–$59 (50-day MA, Fibonacci 61.8%, Bollinger midline), creating a robust support zone. The absence of bearish divergences—especially with MACD/RSI aligning with new highs—supports bullish continuation. However, overbought KDJ/RSI readings conflict with MACD’s strength, introducing near-term consolidation risk. Probable near-term resistance resides at $62.20–$62.50, with a breakout potentially extending gains toward $64.50.
Conclusion
Altria Group exhibits strong bullish momentum, validated by volume-backed breakouts, moving average alignment, and volatility expansion. While overbought oscillators suggest consolidation or minor pullback to $59.50–$60, the confluence of underlying supports and trend indicators favors upside continuation. Traders should monitor $62.20 resistance for breakout confirmation and RSI/KDJ for exhaustion signals, but the broader structure suggests a high-probability path toward testing $64.50.