Pfizer Inc (PFE) Up 0.22%; Price Base in Formation Over Past 30 Days

The Hourly View for PFE

Last Updated November 25, 2020, 12:43 GMT

At the time of this writing, PFE’s price is down $-0.4 (-1.08%) from the hour prior. PFE has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Of note is that the 20 hour changed directions on PFE; it is now pointing down. 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 36.6 US dollars, up 0.22% ($0.08) from the day prior. The change in price came along side change in volume that was down 3.21% from previous day, but up 10.49% from the Tuesday of last week. Let’s take a look at the 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, 50, 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 90 day horizon; over that time period, price has been moving down. Price action traders in particular will want to note that the 30 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 down 8 them.

Overheard Around the Web

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

    $QLGN cycle will now start back into everything CV related after thanksgiving. This will happen because of the shear increase in numbers and (probable) statewide/nationwide shut downs. Testing stocks/leading vaccines stocks and new promising therapeutics will see capital flowing back in from close outs of the past week EV/Green rally. Oil will come back down, big box will push higher and finally UPS/FedEx will continue their climb to higher highs. $PFE $NIO $FCEL $BLNK

    Rucer517