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|It was a fifth consecutive positive week for the Pfizer, Inc. (PFE). During the week, the PFE gained 0.42 points, or 1.16%, and closed at 36.67 on Friday, June 08, 2018. Weekly volume was -9% below average. |
Long-term trend: [See PFE long-term trend chart]
A long-term uptrend had started on March 2, 2009 at 11.62 and reached 39.43 on January 29, 2018. PFE gained -27.81 points, or -239.33%, in 465 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 34.95 and resistance is at 42.27. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
Medium-term trend: [See PFE medium-term trend chart]
A medium-term uptrend had started on November 3, 2016 at 29.83 and reached 39.43 on January 29, 2018. PFE gained -9.60 points, or -32.18%, in 64 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 35.05 and resistance is at 41.32. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
Weekly Technical Indicators: [See PFE weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 2, 2018. The distance between MACD and the signal line is low and getting smaller. 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 May 4, 2018 at 34.37 and reached 36.71 on June 8, 2018. PFE gained -2.34 points, or -6.81%, in 35 days. Price is near the trend high.
Daily Technical Indicators: [See PFE daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since May 15, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
The price touches the upper Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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.