Pfizer (PFE) Price Near $36.02; Price Base in Formation Over Past 14 Days, Breaks Below 100 and 200 Day Averages, Heads Down For the 2nd Day In A Row

The Hourly View for PFE

Last Updated September 22, 2020, 00:013 GMT

At the time of this writing, PFE’s price is down $-0.63 (-1.72%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Of note is that the 50 hour changed directions on PFE; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50 and 100 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Pfizer Inc Daily Price Recap

Pfizer Inc is down 1.67% ($0.61) since the day prior, marking the 2nd day in a row a decrease has occurred. The change in price came along side change in volume that was down 17.15% from previous day, but up 21.16% from the Monday of last week. Let’s take a look at the daily price chart of Pfizer Inc.

PFE

Pfizer Inc Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Pfizer Inc crossed below its 100 and 200 day moving averages yesterday. Volatility for Pfizer Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 14 days Pfizer Inc’s price has gone down 9 them.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about PFE:

    $BNTX $PFE

    To all those pundits who think masks are better than vaccines.

    Can a mask protect you while dining indoor, inside airplane, public transport, or just being in tight work areas, etc etc etc? Mask is just a temporary stop gap, we need a long term solution.

    A highly effective vaccine provides that permanent and lasting solution. Think polio vaccine. Think smallpox vaccine. These vaccines were responsible for eradicating those diseases from the earth.

    JohnnyTheBull