Pfizer Limited Stock Forecast

Pfizer Limited stock downgraded to Sell Candidate
(Updated on May 03, 2024)

PFIZER.NS Signals & Forecast

There are mixed signals in the stock today. The Pfizer Limited 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 ₹4,219.91 and ₹4,248.41. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.51%. 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). 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 ₹4,204.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₹120.00 between high and low, or 2.86%. For the last week the stock has had daily average volatility of 1.91%.

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 Monday 6th

For the upcoming trading day on Monday, 6th we expect Pfizer Limited to open at ₹4,240.30, and during the day (based on 14 day Average True Range), to move between ₹4,105.22 and ₹4,316.58, which gives a possible trading interval of +/-₹105.68 (+/-2.51%) up or down from last closing price. If Pfizer Limited takes out the full calculated possible swing range there will be an estimated 5.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹4,204.35 (0.16%) than the resistance at ₹4,327.55 (2.77%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.660 Sell Candidate Downgraded

Predicted Opening Price for Pfizer Limited of Monday, May 6, 2024

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