Pfizer Stock Forecast
Pfizer stock upgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)
The Pfizer stock price gained 0.554% on the last trading day (Friday, 26th Apr 2024), rising from $25.26 to $25.40. During the last trading day the stock fluctuated 1.35% from a day low at $25.20 to a day high of $25.54. The price has been going up and down for this period, and there has been a -1.78% loss for the last 2 weeks. Volume fell on the last day by -10 million shares and in total, 37 million shares were bought and sold for approximately $932.14 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $25.24 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.64% during the next 3 months and, with a 90% probability hold a price between $24.07 and $26.37 at the end of this 3-month period.
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PFE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 0.554%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pfizer stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $25.84 and $26.92. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Pfizer stock
Pfizer finds support from accumulated volume at $25.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.340 between high and low, or 1.35%. For the last week, the stock has had daily average volatility of 2.09%.
Our recommended stop-loss: $23.98 (-5.59%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (PFE) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Pfizer Inc to open at $25.38, and during the day (based on 14 day Average True Range), to move between $24.90 and $25.90, which gives a possible trading interval of +/-$0.500 (+/-1.97%) up or down from last closing price. If Pfizer Inc takes out the full calculated possible swing range there will be an estimated 3.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.39 (0.04%) than the resistance at $25.89 (1.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Pfizer will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.560. We will update the financials statements for Pfizer, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.01% in the first trading day after earnings release.
Is Pfizer Inc stock A Buy?
Pfizer holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.418 Hold/Accumulate Upgraded
Predicted Opening Price for Pfizer Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $25.38 ( 0.0787%) | $25.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PFE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.72 | 1.26 % | |
| R2 | 25.59 | 0.749 % | ||
| R1 | 25.51 | 0.433 % | ||
| Current price: | 25.40 | |||
| Support | S1 | 25.25 | -0.590 % | |
| S2 | 25.17 | -0.91 % | ||
| S3 | 25.04 | -1.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.19 | 7.05 % | |
| R2 | 27.02 | 6.38 % | ||
| R1 | 25.89 | 1.93 % | ||
| Current price | 25.40 | |||
| Support | S1 | 25.39 | -0.0394% | |
| S2 | 25.26 | -0.551% | ||
| S3 | 0 | . |
PFE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Jan 26, 2024 | Mar 01, 2024 | $0.420 | 1.58% |
| 2 | Dec 14, 2023 | Jan 25, 2024 | Mar 01, 2024 | $0.420 | 1.58% |
| 3 | Oct 04, 2023 | Nov 09, 2023 | Dec 04, 2023 | $0.410 | 1.40% |
| 4 | Jun 22, 2023 | Jul 27, 2023 | Sep 05, 2023 | $0.410 | 1.16% |
| 5 | Apr 26, 2023 | May 11, 2023 | Jun 09, 2023 | $0.410 | 1.05% |
FAQ
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