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- 4/1/2021 -
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Pfizer, Inc. (PFE)

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Summary:
Weekly :Oversold sector
Daily :Williams' Percentage Range is overbought20 Day Moving Average has crossed above the 50 Day Moving AverageBullish Doji Candlestick
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It was a fifth positive week after 7 consecutive negative weeks for the Pfizer, Inc. (PFE). During the week, the PFE climbed 0.05 points, or 0.14%, and closed at 36.30 on Thursday, April 1, 2021. Weekly volume was -23% below average.

PFE is a member of Health Care Sector. Health Care is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See PFE long-term trend chart]
A long-term downtrend had started on December 4, 2018 at 46.47 and reached 27.88 on March 23, 2020. PFE lost 18.59 points, or 40.00%, in 67 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 16.15 and resistance is at 42.44. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See PFE medium-term trend chart]
A medium-term downtrend had started on December 9, 2020 at 43.08 and reached 33.36 on February 26, 2021. PFE lost 9.72 points, or 22.56%, in 11 weeks. The price is now at the 30.25% retracement level.

Weekly Technical Indicators: [See PFE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since December 31, 2020. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See PFE short-term trend chart]
A short-term uptrend had started on February 26, 2021 at 33.36 and reached 36.74 on March 29, 2021. PFE gained -3.38 points, or -10.13%, in 31 days. The price is now at the 13.02% retracement level.

Daily Technical Indicators: [See PFE daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since March 2, 2021. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See PFE candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.96
Williams' Percentage Range (W%R) 15.80
Overbought
Lane's Stochastic (%D-Slow) 76.79
Greed/Fear Indicator (GFI) 75.64
Moving Average Converg./Diverg. (MACD) 0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.29
Williams' Percentage Range (W%R) 69.70
Lane's Stochastic (%D-Slow) 43.12
Greed/Fear Indicator (GFI) 40.19
Moving Average Converg./Diverg. (MACD) -0.40
Trading Signals
Description Value Chart
Yearly Trendline Resistance 42.44
Upper Bollinger Band 36.95
Daily Stochastic Crossing 36.32
Price 36.30
Parabolic System 35.67
20 Day Moving Average 35.51
50 Day Moving Average 35.17
Weekly Stochastic Crossing 35.09
Lower Bollinger Band 34.28
Sector and Industry
Description Name Rank
Sector Health Care 2
Industry Pharmaceuticals 11
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 36.74
High Date 03/29/2021
Low 36.02
Low Date 03/30/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 33.36
Low Date 02/26/2021
High 36.74
High Date 03/29/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 43.08
High Date 12/09/2020
Low 33.36
Low Date 02/26/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.88
Low Date 03/23/2020
High 43.08
High Date 12/09/2020
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 42.44
Support 16.15
High 46.47
High Date 12/04/2018
Low 27.88
Low Date 03/23/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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