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Uptrend Exhaustion

Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.

Uptrend Exhaustion

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- 3/15/2024 -
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Pfizer, Inc. (PFE) Technical Analysis

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Summary:
Weekly :Trend resistance at 28.11Price is near the Fibonacci 23.6% retracement level
Daily :Lane's Stochastic is overboughtThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving Average
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It was a second consecutive positive week for the Pfizer, Inc. (PFE). During the week, the PFE gained 0.72 points, or 2.65%, and closed at 27.94 on Friday, March 15, 2024. It was the best weekly gain since December 22, 2023. Weekly volume was 32% above average.

Long-term trend: [See PFE long-term trend chart]
A long-term downtrend had started on December 14, 2022 at 54.93 and reached 25.61 on March 4, 2024. PFE lost 29.32 points, or 53.38%, in 63 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (28.11). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See PFE medium-term trend chart]
A medium-term uptrend had started on March 4, 2024 at 25.61 and reached 28.69 on March 13, 2024. PFE gained -3.08 points, or -12.03%, in 1 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See PFE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since December 29, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See PFE short-term trend chart]
A short-term downtrend had started on March 13, 2024 at 28.69 and reached 27.77 on March 14, 2024. PFE lost 0.92 points, or 3.21%, in 1 days. The price is now at the 18.48% retracement level.

Daily Technical Indicators: [See PFE daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since March 7, 2024.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.57
Williams' Percentage Range (W%R) 23.70
Lane's Stochastic (%D-Slow) 85.43
Overbought
Greed/Fear Indicator (GFI) 72.77
Moving Average Converg./Diverg. (MACD) -0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.14
Williams' Percentage Range (W%R) 59.50
Lane's Stochastic (%D-Slow) 33.24
Greed/Fear Indicator (GFI) 42.03
Moving Average Converg./Diverg. (MACD) -2.19
Trading Signals
Description Value Chart
Upper Bollinger Band 28.83
Daily Stochastic Crossing 28.34
Quarterly Trendline Resistance 28.11
Price 27.94
50 Day Moving Average 27.69
20 Day Moving Average 27.31
Weekly Stochastic Crossing 26.65
Lower Bollinger Band 26.11
Parabolic System 25.99
Quarterly Trendline Support 24.56
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Pharmaceuticals 47
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 28.69
High Date 03/13/2024
Low 27.77
Low Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 28.69
High Date 03/13/2024
Low 27.77
Low Date 03/14/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.61
Low Date 03/04/2024
High 28.69
High Date 03/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 28.11
Support 24.56
High 54.93
High Date 12/14/2022
Low 25.61
Low Date 03/04/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 61.71
High Date 12/20/2021
Low 25.61
Low Date 03/04/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.