Is Momentum Changing for Pfizer? Price Just Crossed Above Its 50 Day Moving Average

The Hourly View for Pfizer

  • At the moment, PFE’s price is down $-0.39 (-0.72%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Pfizer has now gone down 4 of the past 5 hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe.
  • The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Pfizer’s hourly price chart is shown below.

PFE

The Daily View for Pfizer

  • Currently, PFE’s price is down $-1.18 (-2.15%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Pfizer has now gone down 4 of the past 5 days.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 50 day moving average, resulting in them with price now being below it. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
  • Divergence between PFE’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in PFE’s price.

Below is a daily price chart of Pfizer.

PFE

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