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Uptrend Broken SupportArchive
- 4/19/2024 -
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Pfizer, Inc. (PFE) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Pfizer, Inc. (PFE). During the week, the PFE climbed 0.14 points, or 0.54%, and closed at 26.00 on Friday, April 19, 2024. Weekly volume was 10% 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 25.23 on April 18, 2024. PFE lost 29.70 points, or 54.07%, in 70 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 26.44 and resistance is at 25.71. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.
 Medium-term trend: [See PFE medium-term trend chart]
A medium-term downtrend had started on January 2, 2024 at 30.28 and reached 25.23 on April 18, 2024. PFE lost 5.05 points, or 16.68%, in 15 weeks. The price is now at the 15.25% retracement level.
 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 above its signal line since December 29, 2023. 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 25.23 on April 18, 2024. PFE lost 3.46 points, or 12.06%, in 36 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See PFE daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. 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. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 2, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (26.1) comes close to the price (26.00). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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