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- 8/10/2018
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Pfizer, Inc.
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtRelative Strength Index and Lane's Stochastic are strongly overboughtStochastic has declined below the signal line
Daily :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineA Parabolic SAR indicator is above and near the priceThe period of high volatility of the stock price
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It was a third consecutive positive week for the Pfizer, Inc. (PFE). During the week, the PFE climbed 0.39 points, or 0.96%, and closed at 40.93 on Friday, August 10, 2018. Weekly volume was 7% above average.

PFE is a member of Healthcare Sector. Healthcare 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 41.64 on August 8, 2018. PFE gained -30.02 points, or -258.35%, in 492 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 35.40 and resistance is at 42.72. 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 41.64 on August 8, 2018. PFE gained -11.81 points, or -39.59%, in 91 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 34.65 and resistance is at 42.24. 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 Williams' Percentage Range is overbought while Relative Strength Index and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Relative Strength Index and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 15, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 March 26, 2018 at 34.32 and reached 41.64 on August 8, 2018. PFE gained -7.32 points, or -21.33%, in 135 days. The chart has formed a Rising Pennant chart pattern. The uptrend resistance line (37.23) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a short-term trend.

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. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since July 23, 2018. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (40.68) comes close to the price (40.93). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The distance between the Bollinger Bands is 145.76% higher then one year average. It indicates the period of high volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.43
Williams' Percentage Range (W%R) 18.40
Overbought
Lane's Stochastic (%D-Slow) 87.46
Overbought
Greed/Fear Indicator (GFI) 82.84
Overbought
Moving Average Converg./Diverg. (MACD) 0.92
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 90.22
Strong Overbought
Williams' Percentage Range (W%R) 11.30
Overbought
Lane's Stochastic (%D-Slow) 92.95
Strong Overbought
Greed/Fear Indicator (GFI) 83.81
Overbought
Moving Average Converg./Diverg. (MACD) 0.40
Trading Signals
Description Value Chart
Yearly Trendline Resistance 42.72
Upper Bollinger Band 42.36
Quarterly Trendline Resistance 42.24
Daily Stochastic Crossing 41.33
Weekly Stochastic Crossing 41.20
Price 40.93
Parabolic System 40.68
20 Day Moving Average 39.05
50 Day Moving Average 37.56
Monthly Trendline Resistance 37.25
Weekly Trendline Support 37.23
Lower Bollinger Band 36.35
Weekly Trendline Resistance 36.14
Monthly Trendline Support 35.93
Yearly Trendline Support 35.40
Quarterly Trendline Support 34.65
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Drug Manufacturers/Major 136
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Low 34.37
Low Date 05/04/2018
High 41.64
High Date 08/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Resistance
Resistance 36.14
Support 37.23
Low 34.32
Low Date 03/26/2018
High 41.64
High Date 08/08/2018
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 37.25
Support 35.93
Low 33.20
Low Date 02/09/2018
High 41.64
High Date 08/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 42.24
Support 34.65
Low 29.83
Low Date 11/03/2016
High 41.64
High Date 08/08/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 42.72
Support 35.40
Low 11.62
Low Date 03/02/2009
High 41.64
High Date 08/08/2018
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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