Pfizer Limited Stock Forecast

Red day on Wednesday for Pfizer Limited stock after losing 0.0711%
(Updated on Apr 24, 2024)

PFIZER.NS Signals & Forecast

There are mixed signals in the stock today. The Pfizer Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹4,307.36. On a fall, the stock will find some support from the short-term average at ₹4,129.92. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.99%. Further rise is indicated until a new top pivot has been found. The stock had a Golden Star Signal on Wednesday, September 27, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Pfizer Limited stock

Pfizer Limited finds support from accumulated volume at ₹4,143.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹71.00 (1.73%) between high and low. For the last week, the stock has had daily average volatility of 1.80%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PFIZER.NS) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Pfizer Limited to open at ₹4,148.57, and during the day (based on 14 day Average True Range), to move between ₹4,025.06 and ₹4,272.34, which gives a possible trading interval of +/-₹123.64 (+/-2.98%) up or down from last closing price. If Pfizer Limited takes out the full calculated possible swing range there will be an estimated 5.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹4,143.35 (0.13%) than the resistance at ₹4,194.95 (1.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Pfizer Limited stock A Buy?

Pfizer Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.323 Sell Candidate Unchanged

Predicted Opening Price for Pfizer Limited of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.