Pfizer Inc (PFE) Down 0.19%; Pin Bar Pattern Appearing on Chart

The Hourly View for PFE

Last Updated November 27, 2020, 12:28 GMT

At the time of this writing, PFE’s price is down $-0.3 (-0.81%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as PFE has now gone up 5 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 and 50 hour moving averages, resulting in them with price now being above them. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50 and 100 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Pfizer Inc Daily Price Recap

The back and forth price flow continues for Pfizer Inc, which started today off at 36.53 US dollars, down 0.19% ($0.07) from the previous day. This move happened on lower volume, as yesterday’s volume was down 36.72% from the day before — and down 62.4% from the same day the week before. Below is a daily price chart of Pfizer Inc.


Pfizer Inc Technical Analysis

The first thing we should note is that Pfizer Inc is now close to its 20, 50, 100 and 200 day averages, located at 36.9, 36.81, 37.06 and 35.98 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. For another vantage point, consider that Pfizer Inc’s price has gone down 8 of the previous 14 trading days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard Around the Web

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

    $PFE o wow up a few cents hahahahahhahahahahahah tried to
    Tell you guys Pfizer is worst in class and won’t be saving the world anytime soon, too predictable TV watchers be like……..O pfe gon save the world trump said covids over!meanwhile Americans are have record days with 200000 covid cases( more than most countries have total) stop watching the tv folks and be smart!
    Listen USA you aren’t the whole world your only 2 percent even though you produce 24 percent of the world emissions your only 2 percent the world is laughing at you n trump! Common guys get your shit together so everyone can see their family on Christmas! O and pfizer is garbage