Auto-detected technical analysis for PM · data as of Aug 4, 2026. The chart above is live; the read below updates daily.
PM is currently forming a bullish pennant on the daily timeframe. Detected Aug 4, 2026.
A bullish pennant is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $205.08 (+13.6%). Across 2,605 backtested bullish pennants, the setup followed through 57.4% of the time, averaging +0.99R; PM's own bullish pennants have hit 80.0%.
New to this pattern? What a bullish pennant is and how to trade it →
PM's most recent completed bullish pennant resolved as a loss: it broke higher on Jun 30, 2026 near $183.96, then was stopped out at $175.95 on Jul 14, 2026 — a -1.07R move (4.4%) over 9 sessions. Across 63 backtested bullish pennants, this setup wins 57.1% of the time.
Historical pattern statistics (2006-08-15 – 2026-08-04), not a prediction.
Every completed pattern trade our nightly backtest found on PM's daily chart, newest first — wins and losses alike.
| Pattern | Entry | Exit | Outcome | Result |
|---|---|---|---|---|
| Bullish Pennant | Jun 30, 2026 @ $183.96 | Jul 14, 2026 @ $175.95 | Loss | -1.07R |
| Falling Wedge | Apr 1, 2026 @ $161.50 | Apr 23, 2026 @ $169.19 | Loss | -1.54R |
| Falling Wedge | Nov 10, 2025 @ $153.18 | Feb 18, 2026 @ $182.67 | Win | +2.66R |
| Falling Wedge | Oct 28, 2025 @ $151.84 | Oct 31, 2025 @ $144.22 | Win | +0.79R |
| Triangle | Oct 1, 2025 @ $161.17 | Oct 21, 2025 @ $145.62 | Win | +3.80R |
| Rising Wedge | Jun 30, 2025 @ $180.18 | Jul 22, 2025 @ $165.86 | Win | +2.20R |
| Rising Wedge | Jun 24, 2025 @ $183.97 | Jul 22, 2025 @ $167.36 | Win | +6.11R |
| Triangle | Dec 9, 2024 @ $129.59 | Jan 10, 2025 @ $117.93 | Win | +3.05R |
| Falling Wedge | Feb 8, 2024 @ $89.00 | Mar 11, 2024 @ $94.41 | Loss | -1.26R |
| Triangle | Jan 17, 2024 @ $93.81 | Feb 8, 2024 @ $89.26 | Win | +1.51R |
| Rising Wedge | Jan 5, 2024 @ $95.96 | Jan 23, 2024 @ $91.80 | Loss | -1.04R |
| Triangle | Nov 14, 2023 @ $91.14 | Dec 20, 2023 @ $91.99 | Win | +0.35R |
A chance to go short showed up on the weekly chart about a week ago: price ran up to $207.29 — a level traders often watch as a target (161.8% of the prior move) — and has since turned back below it, the kind of rejection a short plays for.
Nearest auto-detected support sits near $151.63, resistance near $188.11. These are chart/swing-derived levels, not formula pivots.
| Date | Open | High | Low | Close |
|---|---|---|---|---|
| Aug 4, 2026 | $186.00 | $187.46 | $184.36 | $186.91 |
| Aug 3, 2026 | $192.40 | $192.68 | $187.34 | $187.41 |
| Jul 31, 2026 | $190.08 | $193.46 | $188.95 | $190.82 |
| Jul 30, 2026 | $193.20 | $195.92 | $191.67 | $192.00 |
| Jul 29, 2026 | $201.00 | $202.57 | $198.19 | $198.44 |
| Jul 28, 2026 | $198.76 | $207.76 | $198.68 | $200.17 |
| Jul 27, 2026 | $193.00 | $196.79 | $192.55 | $195.66 |
| Jul 24, 2026 | $192.59 | $195.63 | $191.78 | $193.00 |
| Jul 23, 2026 | $191.95 | $194.72 | $189.05 | $191.12 |
| Jul 22, 2026 | $192.03 | $199.78 | $189.38 | $194.30 |
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.