Show

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Pfizer stock price surged nearly 1.04% on Tuesday, 19th September.&nbsp;</a> </li> 
 <li> <span>2</span> <a>The daily chart illustrates that the Pfizer share price seems to be struggling near the previous swing low.&nbsp;</a> </li> 
 <li> <span>3</span> <a>Analysts are offering a 1-year price forecast on the upside potential of 120% in the stock which could lead the price to a high of $75.</a> </li> 
</ul> 
<p>Pfizer Inc. (PFE) stock price slumped nearly 6.75% in the last week. The PFE stock trades in the bearish territory. The stock is struggling to get the buyers’ participation near the previous swing low and is consolidated.&nbsp;</p> 
<p>The daily chart illustrates that the Pfizer stock price showed a breakdown from a 2-year low and slid to a lower level of $33.44. The price-chart study of the past 6 months shows that the PFE stock price closely followed the 50-day EMA and rolled down.<br><br>The Pfizer stock needs buying volume to counter the declining momentum and shift the trend. However, it will not be that easy for the buyers to make a trend change as there are several resistances on the upper side.&nbsp;</p> 
<p>The analysts offering a 1-year price forecast for Pfizer Inc. have a wide range of possibilities with an upside potential of 120% in the stock which could lead the price to a high of $75. The analysts expect a drawdown of 5.85% which might drag the price to a low of $32.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="514" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-593-1024x514.png" alt="" class="wp-image-169730" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-593-1024x514.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-593-300x151.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-593-768x386.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-593-360x180.png 360w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-593-750x377.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-593-1140x572.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-593.png 1478w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    &nbsp;Source: barchart.com 
  </figcaption> 
 </figure> 
</div> 
<p><a href="https://www.thecoinrepublic.com/2023/09/07/pfe-stock-price-prediction-will-pfizer-continue-to-decline/" rel="noopener noreferrer nofollow">Pfizer stock</a> option-chain analysis states that the current implied volatility in the market is 21.04% with an increment of 0.56% in the last trading session. The at-the-money strike has an OI of 6,203 on the PUT side and 8,503 on the CALL side indicating the sellers dominating at the CMP.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-pfizer-stock-price-made-breakdown-of-a-bearish-flag-strong"><strong>Pfizer Stock Price Made Breakdown of a Bearish Flag&nbsp;</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-591-1024x478.png" alt="" class="wp-image-169727" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-591-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-591-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-591-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-591-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-591-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-591-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-591.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Pfizer, Inc.&nbsp; 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2023/09/07/pfe-stock-price-prediction-will-pfizer-continue-to-decline/" target="_blank" rel="noopener noreferrer nofollow">PFE stock</a> price currently trades at $33.99 and consolidated near the low after forming a new low. Bulls are trying to halt the declining momentum and turn the trend in their favor.&nbsp;<br></p> 
<p>The breakdown of the consolidation may trigger another selling and the PFE price may drop to the lower levels. The sellers are in dominance and it would be easy for sellers to resume with the trend. The option chain data favors the dominance of sellers at CMP.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-technical-indicators-show-sideways-to-bearish-trend-strong"><strong>Technical Indicators Show Sideways to Bearish Trend&nbsp;</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-592-1024x478.png" alt="" class="wp-image-169728" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-592-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-592-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-592-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-592-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-592-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-592-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-592.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Pfizer, Inc.&nbsp; 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The daily PFE stock price chart shows that the price has declined below the 50-day EMA; indicating short-selling from the upper levels.&nbsp;</p> 
<p>The overall technical opinion rating includes RSI and MACD signals a 90% “sell” with the average short-term outlook on maintaining the current direction.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Pfizer Inc. is a company that makes and sells pharmaceutical products. The PFE stock price has fallen by 6.75% in the last week and is trading in a bearish trend. The price broke below a 2-year low and is consolidating near the bottom. The price needs more buying volume to change the trend but faces a lot of resistance on the upper side. The analysts have a wide range of predictions for the next year with a high of $75 and a low of $32. The option data shows that the sellers are dominating at the current price.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $33.38 and $32.64</li> 
 <li><strong>Resistance levels:</strong> $35.51 and $37.11</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Pfizer Stock Price Has Potential to Reach $75, Suggests Analysts

Table of Contents

Thecoinrepublic.com

Other articles published on Sep 21, 2023

Massive Ethereum Whale Continues to Sell, Shifting 5,040 ETH

Analyst Flags XRP's Steadfast Stability Amidst Regulatory Shifts

Apple and Goldman Sachs Considered Stock-Trading Feature for iPhones Until Market Downturn – Was ...

Grayscale Files for Ethereum Futures ETF

Mt. Gox Trustee Announces One-Year Extension for Repayment Deadline

Crypto: Galaxy Digital Eyes Europe Amid US Crackdown

Join our free newsletter for daily crypto updates!