Pfizer (PFE) Closes Last Hour Down $-0.15; is Inching Close to 100 and 200 Day Averages, in a Downtrend Over Past 30 Days

The Hourly View for PFE

Last Updated September 18, 2020, 23:7 GMT

At the time of this writing, PFE’s price is down $-0.12 (-0.34%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists 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 below 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

36.63 was the closing price of the day for Pfizer Inc, resulting in today being one in which price moved down 0.52% ($0.19) from the previous day. The price move occurred on stronger volume; specifically, yesterday’s volume was up 71.11% from the day prior, and up 11.27% from the same day the week before. Here is a daily price chart of Pfizer Inc.

PFE

Pfizer Inc Technical Analysis

Coming into today the current price of Pfizer Inc is sitting close to its 20, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 18 of the previous 30 trading days.

Overheard Around the Web

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

    $PFE I've been reading a lot of people talk about the temperature control issue for the vaccine. Do you guys have any idea how the hell we get organs harvested into recipients on time? This has been long resolved in the 21st century and every medical facility in the United States has the capability of storing these vaccines. Even your country primary care office has a big enough freezer space for vaccine vials that can be refilled on a weekly basis if need be

    Doc_Trader