The Greedy Trader Weekly Analysis
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- 3/28/2024 -
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Pfizer, Inc. (PFE) Technical Analysis

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Summary:
Weekly :Trend resistance at 27.57
Daily :Price has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Pfizer, Inc. (PFE). During the week, the PFE gained 0.39 points, or 1.43%, and closed at 27.75 on Thursday, March 28, 2024. Weekly volume was 12% above average.

Long-term trend: [See PFE long-term trend chart]
A long-term downtrend had started on December 14, 2022 at 54.93 and reached 25.61 on March 4, 2024. PFE lost 29.32 points, or 53.38%, in 63 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (27.57). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See PFE medium-term trend chart]
A medium-term uptrend had started on March 4, 2024 at 25.61 and reached 28.69 on March 13, 2024. PFE gained -3.08 points, or -12.03%, in 1 weeks. The price is now at the 30.52% retracement level.

Weekly Technical Indicators: [See PFE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since December 29, 2023. This is an indication that the medium-term trend is up. 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 13, 2024 at 28.69 and reached 27.10 on March 25, 2024. PFE lost 1.59 points, or 5.54%, in 12 days. The price is now at the 40.88% retracement level.

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

The daily MACD line is above its signal line since March 7, 2024. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has moved above 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.

During the last week, the price 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.36
Williams' Percentage Range (W%R) 28.20
Lane's Stochastic (%D-Slow) 38.75
Greed/Fear Indicator (GFI) 56.29
Moving Average Converg./Diverg. (MACD) 0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.90
Williams' Percentage Range (W%R) 61.90
Lane's Stochastic (%D-Slow) 43.25
Greed/Fear Indicator (GFI) 41.77
Moving Average Converg./Diverg. (MACD) -2.06
Trading Signals
Description Value Chart
Upper Bollinger Band 28.87
Price 27.75
Quarterly Trendline Resistance 27.57
Daily Stochastic Crossing 27.57
50 Day Moving Average 27.46
20 Day Moving Average 27.45
Weekly Stochastic Crossing 27.16
Parabolic System 27.14
Lower Bollinger Band 26.26
Quarterly Trendline Support 24.02
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Pharmaceuticals 38
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 27.10
Low Date 03/25/2024
High 28.12
High Date 03/28/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 28.69
High Date 03/13/2024
Low 27.10
Low Date 03/25/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.61
Low Date 03/04/2024
High 28.69
High Date 03/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 27.57
Support 24.02
High 54.93
High Date 12/14/2022
Low 25.61
Low Date 03/04/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 61.71
High Date 12/20/2021
Low 25.61
Low Date 03/04/2024
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.