Pfizer Limited (PFIZER) Stock - Complete Technical Analysis - Nov 19, 2024

Pfizer Limited Technical Analysis Support & Resistance Levels November 2024 Stock Review

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 (PFIZER) is trading at 5,178.55, and it's 19.73% off from its 52-week high of 6,451.15. Despite being up 31.10% from its 52-week low of 3,950, the stock is caught in a phase of uncertainty. Recent candlestick patterns, such as the Doji and Spinning Top, reflect indecision in the market.

The price has recently oscillated between key levels of support at 5,135 and resistance at 5,298. The next level of resistance appears around 5,300, and a breakout could push the stock higher towards 5,500, while a failure to hold 5,135 may lead the stock to test the 5,000 mark.

Technical indicators suggest a mixed outlook. The RSI is near neutral, while the MACD is in a bearish phase, signaling that the selling pressure could increase. The ADX shows a weak trend, reflecting indecisiveness in the market, while the Exponential Moving Averages point to a bearish sentiment in the short to medium term.

The ATR (Average True Range) suggests high volatility, which means we could see significant price swings. Traders should look for a breakout above 5,300 or a breakdown below 5,135 for confirmation of the next move. If volatility continues, range-bound trading might persist unless the stock shows a clear trend.