Pfizer Does it Again: Heads Down for the 2nd Straight Day

The Hourly View for Pfizer

  • At the moment, PFE’s price is down $-0.03 (-0.05%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved up.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Pfizer. Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • Of note is that the 100 and 50 hour changed directions on PFE; they are now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Pfizer’s hourly price chart is shown below.

PFE

The Daily View for Pfizer

  • Currently, PFE’s price is down $-0.94 (-1.66%) from the day prior.
  • This is the 2nd day in a row Pfizer has seen its price head down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Of note is that the 20 day changed directions on PFE; it is now pointing down. 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

Featured Pfizer Idea From TradingView

Below is a trading comment entitled pfe buy you may find interesting:

pfe buy .. we have an uptrend channel .. buy after the break above the resistance level at 57.83 .. finally target 60.75 ..

kostaskondilis