- 5/15/2020 -
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Pfizer, Inc. (PFE)
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|It was a first positive week for the Pfizer, Inc. (PFE). During the week, the PFE gained 0.54 points, or 1.45%, and closed at 37.76 on Friday, May 15, 2020. Weekly volume was -38% below average. |
PFE is a member of Health Care Sector. Health Care is the most overbought 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 uptrend had started on March 2, 2009 at 11.62 and reached 46.47 on December 4, 2018. PFE gained -34.85 points, or -299.91%, in 509 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (41.57) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
Medium-term trend: [See PFE medium-term trend chart]
A medium-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 23.71 and resistance is at 39.76. 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 medium-term trend.
Weekly Technical Indicators: [See PFE weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 Lane's Stochastic help.
The weekly MACD line is above its signal line since April 17, 2020. Use the following link to access a MACD help.
Short-term trend: [See PFE short-term trend chart]
A short-term downtrend had started on April 28, 2020 at 39.22 and reached 36.59 on May 13, 2020. PFE lost 2.63 points, or 6.71%, in 15 days. The price is now at the 44.49% retracement level.
Daily Technical Indicators: [See PFE daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 6, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.