The Hourly View for Pfizer
- Currently, PFE’s price is up $0.02 (0.03%) from the hour prior.
- Pfizer has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls.
- Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
- Price action traders may also wish to note that we see a pin bar candlestick pattern on Pfizer. Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
- Of note is that the 20 hour changed directions on PFE; it is now pointing up. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Pfizer’s hourly price chart is shown below.
The Daily View for Pfizer
- Currently, PFE’s price is up $1.02 (2.11%) from the day prior.
- Pfizer has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
- As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe.
- The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
- Divergence between PFE’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in PFE’s price.
Below is a daily price chart of Pfizer.
Latest News Discussing PFE
- GSK defends Zantac ahead of trials that have wiped off $44 billion from leading drugmakers – MarketWatch
August 12, 2022GSK on Friday put out a statement saying there’s no link between a withdrawn heartburn medication and cancer, helping to stem a slide in its stock that has wiped out billions of dollars in valuation from leading drugmakers.
Related Articles
- Pfizer Inc. (PFE) Is a Trending Stock: Facts to Know Before Betting on It – Zacks Equity Research
August 12, 2022Pfizer (PFE) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock’s prospects.
- U.S. stocks end mixed as rally tied to cooler inflation
data takes breather – MarketWatch
August 11, 2022Stocks finish mostly lower Thursday, despite hitting a three-month high in morning action after another batch of July data suggested U.S. inflation may be easing.
The post Pfizer’s Hot Streak: Up 4 of the Past 5 Days appeared first on CFDTrading.
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