Pfizer (PFE) Price Near $36.82; in a Downtrend Over Past 30 Days, 2 Day Down Streak Broken, Pin Bar Pattern Appearing on Chart

The Hourly View for PFE

Last Updated September 17, 2020, 23:10 GMT

At the moment, PFE’s price is down $-0.14 (-0.39%) from the hour prior. The hourly chart shows that PFE has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 100 hour moving average has been crossed, so that price is now turning above it. 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

36.82 was the closing price of the day for Pfizer Inc, resulting in today being one in which price moved up 0.11% ($0.04) from the previous day. This move happened on lower volume, as yesterday’s volume was down 22.24% from the day before — and down 35.35% from the same day the week before. Let’s take a look at the daily price chart of Pfizer Inc.


Pfizer Inc Technical Analysis

Notably, Pfizer Inc is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 6 out of the past 10 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to PFE:

    $PFE 2 major reasons why this stock is not moving much quite yet.
    1) (obvious) waiting for vaccine readout
    2) Upjohn spin which can happen at any time now. Stock initially sold off a (I believe ~20%) when it was first announced over a year ago. Hasn’t really recovered. However, the vaccine readout will certainly push this over $40 quickly.