Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>PFE stock Price is struggling to escape the resistance mark of $00.</a> </li> 
 <li> <span>2</span> <a>Pfizer, Inc. (PFE: NYSE) facing selling pressure; and is heading toward the lower levels.</a> </li> 
 <li> <span>3</span> <a>Bulls are losing strength and gains.</a> </li> 
</ul> 
<p>PFE stock price has been showing a strong downtrend, losing the gains it had made below the key moving averages. The stock has been in a bearish mode for the year, making lower highs and lower lows, and failing to break above the upper trendline that has kept it in the downward channel.&nbsp;</p> 
<p>The price action indicates that the stock has faced more selling than buying, and the buyers have been unable to reverse the trend. The sellers have dominated the market and continued to short the stock.</p> 
<p>At press time, PFE stock was trading at $34.37 with an intraday loss of 2.85% breaking below the 50-day EMA, showing bearishness on the charts. Moreover, the intraday trading volume is 35.37 Million, and the average 10-day volume of 21.485 Million. The market cap of PFE stock is 194.052 Billion.</p> 
<p>Over the span of a week, PFE stock has experienced a decrease of approximately 5.00% and this decline has continued over the course of a month, reaching around 1.83%. Looking back over a three-month period, PFE shares have dropped by about 11.96%, while the decline extends to around 12.52% over the last six months. Furthermore, the stock’s performance throughout the year has been lackluster, with a year-to-date slump of approximately 32.62%.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-pfizer-inc-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of Pfizer, Inc. Stock Price in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/LiYJ5e5fMUJdtvrqxhYndSSh5YD2XaonPnhmAjjRvZN-YXxsT3W0mn_cF5701SuFVNuTbTHX-DFWPCuB_8quJVzVOmIdsuIeR5mVrU2w75fwcObqpr9a1CQhW7cLkihBnR5d84s43NhAbcSQkhyL808" alt="PFE Stock Price Prediction: Will Pfizer Continue To Decline?"> 
  <figcaption class="wp-element-caption">
    Source: Pfizer, Inc..1D.NYSE by <a href="https://www.tradingview.com/x/JkQoTI3x/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Pfizer, Inc.’s <a href="https://www.thecoinrepublic.com/2023/08/10/pfizer-stock-price-prediction-will-pfe-change-the-game-in-2023/" rel="noopener noreferrer nofollow">stock price </a>is currently trading below the 50-day and 200-day SMAs, which are providing no support to the price trend. However, if selling pressure increases, the price could break below these SMAs and move lower</p> 
<p>The RSI indicator is currently at 33.09, which is in the neutral zone. However, the 14-day SMA is trading below the median, which is a bearish signal. The MACD indicator is also bearish, with the MACD line crossing below the signal line. This indicates that the Pfizer, Inc. stock is likely to continue to fall in the near future.&nbsp;</p> 
<p>Overall, the technical indicators suggest that PFE stock is bearish in the daily time frame.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Pfizer, Inc. (NYSE: PFE) technical oscillators also support the negative trend. The MACD, RSI, and EMA are highlighting negative signs and imply that the downtrend may continue in the PFE stock price. Pfizer, Inc. price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels: </strong>S1 $33.27, and S2 $31.00.</li> 
 <li><strong>Resistance Levels: </strong>R1 37.70, and R2 40.00.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading crypto or stock. Please do your own research before making any financial decisions.</p>

PFE Stock Price Prediction: Will Pfizer Continue To Decline?

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Thecoinrepublic.com

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