Pfizer Stock Forecast
Pfizer stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Pfizer stock price fell by -3.84% on the last day (Thursday, 25th Apr 2024) from $26.27 to $25.26. During the last trading day the stock fluctuated 4.67% from a day low at $25.25 to a day high of $26.43. The price has fallen in 6 of the last 10 days and is down by -4.1% for this period. Volume has increased on the last day by 24 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 46 million shares were bought and sold for approximately $1.17 billion.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $25.15 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.26% during the next 3 months and, with a 90% probability hold a price between $24.08 and $26.55 at the end of this 3-month period.
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PFE Signals & Forecast
There are few to no technical positive signals at the moment. 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 $25.85 and $26.96. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -4.03%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Pfizer stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $1.18 between high and low, or 4.67%. For the last week, the stock has had daily average volatility of 2.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PFE) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Pfizer Inc to open at $25.65, and during the day (based on 14 day Average True Range), to move between $24.75 and $25.77, which gives a possible trading interval of +/-$0.512 (+/-2.03%) up or down from last closing price. If Pfizer Inc takes out the full calculated possible swing range there will be an estimated 4.05% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $25.89, some $0.630 (2.49%) from the current price of $25.26, our system finds the risk reward not very attractive.
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 is within a wide and falling trend, so we believe 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: -4.439 Sell Candidate Downgraded
Predicted Opening Price for Pfizer Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $25.65 ( 1.53%) | $25.26 |
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 | 26.83 | 6.20 % | |
| R2 | 26.38 | 4.42 % | ||
| R1 | 26.10 | 3.32 % | ||
| Current price: | 25.26 | |||
| Support | S1 | 25.20 | -0.254 % | |
| S2 | 24.92 | -1.36 % | ||
| S3 | 24.47 | -3.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.19 | 7.64 % | |
| R2 | 27.02 | 6.97 % | ||
| R1 | 25.89 | 2.49 % | ||
| Current price | 25.26 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| 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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