Pfizer Does it Again: Heads Down for the 4th Straight Day

The Hourly View for Pfizer

  • At the moment, PFE’s price is up $0.08 (0.18%) from the hour prior.
  • This is the 2nd hour in a row Pfizer has seen its price head up.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • Price action traders may also wish to note that we see a doji 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.
  • 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

  • At the moment, PFE’s price is down $-0.58 (-1.37%) from the day prior.
  • Pfizer has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • The moving averages on the daily 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.
  • 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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