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Archive
- 7/19/2024 -
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Pfizer, Inc. (PFE) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fifth positive week after 3 consecutive negative weeks for the Pfizer, Inc. (PFE). During the week, the PFE gained 1.05 points, or 3.63%, and closed at 29.97 on Friday, July 19, 2024. It was the best weekly gain since May 3, 2024. PFE was trading at average weekly trading volume.
 Long-term trend: [See PFE long-term trend chart]
A long-term downtrend had started on December 20, 2021 at 61.71 and reached 25.20 on April 26, 2024. PFE lost 36.51 points, or 59.16%, in 122 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 22.81 and resistance is at 44.02. 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 long-term trend.
 Medium-term trend: [See PFE medium-term trend chart]
A medium-term uptrend had started on June 17, 2024 at 26.87 and reached 30.69 on July 18, 2024. PFE gained -3.82 points, or -14.22%, in 4 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 27.55 and resistance is at 30.55. 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. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Williams' Percentage Range help.
The weekly MACD line is above its signal line since December 29, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively 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 July 17, 2024 at 30.30 and reached 30.69 on July 18, 2024. PFE gained -0.39 points, or -1.29%, in 1 days. The price is now at the 184.62% retracement level.
 Daily Technical Indicators: [See PFE daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Daily Relative Strength Index and MACD have bearish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and MACD bearish divergence. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since July 9, 2024. This is an indication that the short-term trend is up.
During the last week, the 20 Day Moving Average 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.
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