Pfizer (PFE) Closes Last Hour Up $0.05; in a Downtrend Over Past 30 Days, Pin Bar Pattern Appearing on Chart, Eyes 200 Day Average

The Hourly View for PFE

Last Updated January 21, 2021, 23:24 GMT

At the time of this writing, Pfizer’s price is down $-0.3 (-0.82%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Pfizer has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 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 came into today down 0.14% ($0.05) from the open of the previous day, marking the 4th straight day a decline has happened. The price move occurred on volume that was up 12.41% from the day prior, but down 2.61% from the same day the week before. Below is a daily price chart of Pfizer Inc.

PFE

Pfizer Inc Technical Analysis

Notably, Pfizer Inc is now close to its 20, 100 and 200 day averages, located at 37.11, 37.35 and 36.85 respectively, and thus may be at a key juncture along those timeframes. 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. For another vantage point, consider that Pfizer Inc’s price has gone down 7 of the previous 14 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard Around the Web

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

    $TRIL after selling 15.40s I loaded the boat again today. 12.42 average. got the price I was waiting for. took some patience and luck. looking to retest and beat $16 in the coming month pending no news. 30% gain. I usually dont try to catch falling knives but believe TRIL is highly undervalued at this level. $12 is where $PFE bought in! (the sept 8th jump). It doesn't get better than that. $16 is fair before phase 2 news. $18 -$20 is better. glta.

    Thinking101