Pfizer (PFE) Price Near $36.74; Heads Up For the 2nd Day In A Row, Breaks Above 100 Day Average, Price Base in Formation Over Past 14 Days

The Hourly View for PFE

Last Updated October 6, 2020, 01:014 GMT

At the time of this writing, PFE’s price is down $0 (-0.01%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50 and 100 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Pfizer Inc Daily Price Recap

Pfizer Inc came into today up 1.02% ($0.37) from the open of yesterday, marking the 2nd day in a row it has gone up. This move happened on lower volume, as yesterday’s volume was down 10.2% from the day before — and down 7.61% from the same day the week before. Here is a daily price chart of Pfizer Inc.


Pfizer Inc Technical Analysis

First things first: Pfizer Inc crossed above its 100 day moving average 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 up 7 them.

Overheard Around the Web

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

    $TLSA our COVID-19 play Foralumab is Intranasal and has monoclonal antibody-bodies, which means it’s safer and more potent. πŸ“ˆ Whereas the others have a shot πŸ’‰ $MRNA $AZN $PFE $ IBIO πŸ˜‚ (I cant tag IBIO because those cucks will report me for facts)