Pfizer Inc (PFE) Up 0.6%; in a Downtrend Over Past 14 Days

The Hourly View for PFE

Last Updated March 2, 2021, 12:53 GMT

At the time of this writing, PFE’s price is up $0.12 (0.34%) from the hour prior. PFE has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 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

The choppiness in the recent daily price action of Pfizer Inc continues; to start today, it came in at a price of 33.69 US dollars, up 0.6% ($0.2) since the previous day. The change in price came along side change in volume that was down 27.15% from previous day, but up 26.01% from the Monday of last week. Let’s take a look at the daily price chart of Pfizer Inc.

PFE

Pfizer Inc Technical Analysis

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 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 9 out of the past 14 days.

Overheard Around the Web

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

    $PFE this will Moon Soon be ready… They gave it to Biden. Ask yourself if the vaccine wasn’t the best then why? If it wouldn’t make the most money then why?

    Foda