The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

Archive
- 4/26/2024 -
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Pfizer, Inc. (PFE) Technical Analysis

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Summary:
Weekly :Oversold sectorWilliams' Percentage Range is oversoldTrend support at 26.22
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold area
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It was the negative week for the Pfizer, Inc. (PFE). During the week, the PFE dropped -0.60 points, or -2.31%, and closed at 25.40 on Friday, April 26, 2024. Weekly volume was 7% 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 downtrend had started on December 14, 2022 at 54.93 and reached 25.20 on April 26, 2024. PFE lost 29.73 points, or 54.12%, in 71 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend support (26.22) line. The support is usually stronger when technical indicators are oversold. 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 support line 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 25.20 on April 26, 2024. PFE lost 5.08 points, or 16.78%, in 16 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 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 April 22, 2024 at 26.50 and reached 25.20 on April 26, 2024. PFE lost 1.30 points, or 4.91%, in 4 days. The price is now at the 15.38% retracement level.

Daily Technical Indicators: [See PFE daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. 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 24, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.72
Williams' Percentage Range (W%R) 95.10
Strong Oversold
Lane's Stochastic (%D-Slow) 52.24
Greed/Fear Indicator (GFI) 30.61
Moving Average Converg./Diverg. (MACD) -0.39
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.65
Williams' Percentage Range (W%R) 97.40
Strong Oversold
Lane's Stochastic (%D-Slow) 33.23
Greed/Fear Indicator (GFI) 26.89
Moving Average Converg./Diverg. (MACD) -1.81
Trading Signals
Description Value Chart
Upper Bollinger Band 27.61
50 Day Moving Average 26.96
Parabolic System 26.47
20 Day Moving Average 26.28
Quarterly Trendline Support 26.22
Weekly Stochastic Crossing 26.10
Daily Stochastic Crossing 25.80
Price 25.40
Quarterly Trendline Resistance 25.38
Lower Bollinger Band 24.89
Sector and Industry
Description Name Rank
Sector Health Care 2
Industry Pharmaceuticals 45
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 26.50
High Date 04/22/2024
Low 25.20
Low Date 04/26/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 26.50
High Date 04/22/2024
Low 25.20
Low Date 04/26/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 30.28
High Date 01/02/2024
Low 25.20
Low Date 04/26/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Support
Resistance 25.38
Support 26.22
High 54.93
High Date 12/14/2022
Low 25.20
Low Date 04/26/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 61.71
High Date 12/20/2021
Low 25.20
Low Date 04/26/2024
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.