Pfizer Inc (PFE) Up 2.63%, Crosses 20 Day Moving Average; in a Downtrend Over Past 30 Days

The Hourly View for PFE

Last Updated March 4, 2021, 12:42 GMT

Currently, PFE’s price is up $0.23 (0.67%) from the hour prior. PFE has seen its price go up 5 out of the past 5 hours, thus creating some compelling opportunities for bulls. 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

Pfizer Inc entered today at $34.39, up 2.63% ($0.88) from the previous day. The price move occurred on stronger volume; specifically, yesterday’s volume was up 66.35% from the day prior, and up 34.15% from the same day the week before. Here is a daily price chart of Pfizer Inc.


Pfizer Inc Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Pfizer Inc crossed above its 20 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. Or to view things another way, note that out of the past 30 days Pfizer Inc’s price has gone down 18 them.

Overheard Around the Web

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

    $SPY This may just be a 10% CORRECTION and ill tell ya all why!

    360 has been huge support thats held and lead to 3 new all time highs last $385.85 and $394.17
    Bears taking out 360 will most likely cover and that means they buy back EXACTLY what happened laar Friday break 50 DMA $379.28 then go to 378.23 about $1 Beers Break the 50 DMA they cover
    And result Futures gap it we see 385 and as high as 390.97 that's a big bad Bear Rally like Monday straight up after breaking 50 Day!

    Now lets play out a 10% CORRECTION the curious level is that 10% takes out 360… but not by much
    Less than a $5 strike. $354.75
    So lets use 353. What i also love about that range ia irs a CT1 of the entire 52 week on $SPX 3,535

    So that's where i see this going from here
    Now lets play out just a bear rally off 353
    353.50-394.17 =50% Bear ='s 373.83 i love that value because that gets us right back to just under $PFE , $MNRA former all time future high record gap up
    So downside 353.50
    Reversal 373.83