Pfizer Limited (PFIZER) Stock - Complete Technical Analysis - Sep 05, 2024

Pfizer Stock Analysis: Key Support, Resistance

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Pfizer Limited's stock is currently trading at 6,147, which is approximately 4.7% below its 52-week high of 6,451.15, reached on September 2, 2024. The stock is 61.7% above its 52-week low of 3,802, recorded on September 21, 2023. Technical indicators suggest a mixed outlook. The MACD is showing positive momentum, indicating that the stock could experience bullish behavior in the near term. The RSI is approaching overbought territory, suggesting that a correction might be imminent. The ADX indicates a strong trend, which is bullish but could also imply increased volatility. Moving averages present a generally bullish trend with shorter-term EMAs above longer-term ones, signaling potential support around the 5,920 to 6,060 range. Key resistance levels are near 6,270 and 6,450. The Awesome Oscillator and Bull Bear Power are both bullish, reinforcing the positive momentum. However, the Stochastic RSI is in the lower range, which might suggest caution as it could point to potential overbought conditions. Pay close attention to the stock's reaction around the 6,060 level, as it may provide further clues about its short-term direction. The ATR shows high volatility, so traders should be prepared for significant price swings.