The Greedy Trader Weekly Analysis
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- 5/19/2023 -
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Pfizer, Inc. (PFE)

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Summary:
Weekly :Overbought sectorRelative Strength Index and Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldRelative Strength Index and Lane's Stochastic bullish divergence
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineMACD bullish divergence
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It was the negative week for the Pfizer, Inc. (PFE). During the week, the PFE dropped -0.58 points, or -1.55%, and closed at 36.77 on Friday, May 19, 2023. Weekly volume was 22% above average.

PFE is a member of Health Care Sector. Health Care 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 downtrend had started on December 20, 2021 at 61.71 and reached 36.17 on May 18, 2023. PFE lost 25.54 points, or 41.39%, in 73 weeks. Price is near the trend low.

Medium-term trend: [See PFE medium-term trend chart]
A medium-term downtrend had started on December 14, 2022 at 54.93 and reached 36.17 on May 18, 2023. PFE lost 18.76 points, or 34.15%, in 22 weeks. Price is near the trend low.

Weekly Technical Indicators: [See PFE weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Weekly Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bullish 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since January 20, 2023. This is an indication that the medium-term trend is down. 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 April 5, 2023 at 42.22 and reached 36.17 on May 18, 2023. PFE lost 6.05 points, or 14.33%, in 43 days. The price is now at the 9.92% retracement level.

Daily Technical Indicators: [See PFE daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence.

The daily MACD line is below its signal line since April 18, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 18.72
Oversold
Williams' Percentage Range (W%R) 88.10
Oversold
Lane's Stochastic (%D-Slow) 12.45
Oversold
Greed/Fear Indicator (GFI) 14.36
Oversold
Moving Average Converg./Diverg. (MACD) -0.82 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 18.62
Oversold Bullish
Williams' Percentage Range (W%R) 96.90
Strong Oversold
Lane's Stochastic (%D-Slow) 12.14
Oversold Bullish
Greed/Fear Indicator (GFI) 17.06
Oversold
Moving Average Converg./Diverg. (MACD) -2.07 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 40.06
50 Day Moving Average 39.64
20 Day Moving Average 38.17
Parabolic System 38.11
Price 36.77
Weekly Stochastic Crossing 36.71
Daily Stochastic Crossing 36.53
Lower Bollinger Band 36.26
Sector and Industry
Description Name Rank
Sector Health Care 9
Industry Pharmaceuticals 74
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 38.73
High Date 05/08/2023
Low 36.17
Low Date 05/18/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 42.22
High Date 04/05/2023
Low 36.17
Low Date 05/18/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.93
High Date 12/14/2022
Low 36.17
Low Date 05/18/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 61.71
High Date 12/20/2021
Low 36.17
Low Date 05/18/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.62
Low Date 03/02/2009
High 61.71
High Date 12/20/2021
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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