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Archive
- 11/8/2024 -
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Pfizer, Inc. (PFE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Pfizer, Inc. (PFE). During the week, the PFE dropped -1.37 points, or -4.88%, and closed at 26.72 on Friday, November 8, 2024. It was the worst weekly loss since August 9, 2024. Weekly volume was 36% above 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 uptrend had started on April 26, 2024 at 25.20 and reached 31.54 on July 30, 2024. PFE gained -6.34 points, or -25.16%, in 13 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (29.88) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. PFE may retest the broken support line. It is considered to be a resistance line now. 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 July 30, 2024 at 31.54 and reached 26.72 on November 8, 2024. PFE lost 4.82 points, or 15.28%, in 14 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See PFE weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 weekly MACD line is below its signal line since October 25, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 October 9, 2024 at 30.43 and reached 26.72 on November 8, 2024. PFE lost 3.71 points, or 12.19%, in 30 days. The chart has formed a Falling Wedge chart pattern. The downtrend support line (27.43) is broken, while daily and weekly technical indicators are oversold. Downtrend 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 support in a short-term trend.
 Daily Technical Indicators: [See PFE daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since October 18, 2024. This is an indication that the short-term trend is down.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.
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