The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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Pfizer, Inc.
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Summary:
Weekly :Oversold sector
Daily :The price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Pfizer, Inc. (PFE). During the week, the PFE dropped -0.67 points, or -1.62%, and closed at 40.72 on Friday, May 10, 2019. PFE was trading at average weekly trading volume.

PFE is a member of Healthcare Sector. Healthcare is the 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 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 trend support level is at 38.04 and resistance is at 44.84. 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 46.47 on December 4, 2018. PFE gained -16.64 points, or -55.78%, in 108 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 36.65 and resistance is at 48.87. 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 November 9, 2018. 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 March 1, 2019 at 43.79 and reached 38.42 on April 18, 2019. PFE lost 5.37 points, or 12.26%, in 48 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 37.43 and resistance is at 42.79. 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 short-term trend.

Daily Technical Indicators: [See PFE daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since May 1, 2019. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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) 67.90
Williams' Percentage Range (W%R) 43.60
Lane's Stochastic (%D-Slow) 63.78
Greed/Fear Indicator (GFI) 62.69
Moving Average Converg./Diverg. (MACD) -0.33
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.46
Williams' Percentage Range (W%R) 60.20
Lane's Stochastic (%D-Slow) 42.27
Greed/Fear Indicator (GFI) 43.27
Moving Average Converg./Diverg. (MACD) 0.10
Trading Signals
Description Value Chart
Yearly Trendline Resistance 44.84
Monthly Trendline Resistance 43.27
Weekly Trendline Resistance 42.79
Upper Bollinger Band 42.64
50 Day Moving Average 41.56
Daily Stochastic Crossing 40.93
Price 40.72
20 Day Moving Average 40.47
Weekly Stochastic Crossing 40.12
Parabolic System 39.91
Lower Bollinger Band 39.14
Yearly Trendline Support 38.04
Monthly Trendline Support 37.99
Weekly Trendline Support 37.43
Quarterly Trendline Support 36.65
Sector and Industry
Description Name Rank
Sector Healthcare 1
Industry Drug Manufacturers/Major 29
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 38.42
Low Date 04/18/2019
High 41.77
High Date 05/06/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 42.79
Support 37.43
High 43.79
High Date 03/01/2019
Low 38.42
Low Date 04/18/2019
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 43.27
Support 37.99
High 46.47
High Date 12/04/2018
Low 38.42
Low Date 04/18/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 48.87
Support 36.65
Low 29.83
Low Date 11/03/2016
High 46.47
High Date 12/04/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 44.84
Support 38.04
Low 11.62
Low Date 03/02/2009
High 46.47
High Date 12/04/2018
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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