Pfizer Inc (PFE) Down 0.32%, Price Base in Formation Over Past 30 Days; Pin Bar Pattern Appearing on Chart

Pfizer Inc 4 Hour Price Update

Updated September 01, 2020 04:26 PM GMT (12:26 PM EST)

The price of PFE dropped $-1 (-2.65%) over the past four hours. To help put that in perspective, note that Pfizer Inc’s peers in the in the Pharmaceutical Products industry are down -2.64% on average during this time, while its peers in the broader Healthcare sector are down by an average of -2.15%.

Pfizer Inc Daily Price Recap

Pfizer Inc entered today at $37.79, down 0.32% ($0.12) from yesterday. The change in price came along side change in volume that was down 8.55% from previous day, but up 36.82% from the Monday of last week. The daily price chart of Pfizer Inc below illustrates.

PFE

Pfizer Inc Technical Analysis

Notably, Pfizer Inc is now close to its 20 day averages, located at 38.29 respectively, and thus may be at a key juncture along those timeframes. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Pfizer Inc’s price has gone down 17 of the previous 30 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:

    $PFE This company is the run away winner in the phase three trials. This vaccine works and will be the first one approved to sell in the US and many other countries. Pfizer also has the infrastructure and capital to produce and deliver enough to satisfy the complete demand in most high demand countries.

    Objoyful1