PFE trade ideas
PFIZER Early approval for Vaccine Today PFE announced they may get the results of vaccine trials by the end of number and they may apply for early approval from FDA, the chart indicate breakout from down channel , also show reversal head and shoulder , PFE may finally end the long term down trend as they will benefit from vaccine manufacturing and distribution , please share your thoughts.
make or break time ⌚so close to breaking this extreme support today, I would not be surprised if we saw a gap down below it soon. This doesn't mean we should rush into a trade though, remember its better to wait for a clear break! many traps in this market for both sides, so trade with extra caution.
Watching for downside continuation below 45.52, longs above 47.31
Pfizer's going to rocket?I didn't take a look at Pfizer for quite a while, but just recently going through the list of my favourite stocks I noticed it from the first glance. Something is going to happen...
This declining volume, overlapping of price and a bit of a volume spike on 11th August, all seems to be in line.
The 3rd wave formed in December 2021 and we had a correction for almost a year, now it's time to move on. Fly PFE fly!
Invalidation point is 46.28, with min target of 61-65.
Good luck trader!
PFE trianglePFE reached the bottom of the triangle AGAIN. I added of lows today to my current position. Still holding this dividend cash cow. It looks like something that's going to eat you! But the trend line works magic. Nice longer swing or LT hold for me. Not day trading this one, moving too slow.
Pfeizer peaked, now losing momentum. PFEGoals 0.56, 0.49. Invalidation at 0.89.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
PFE: Triangle break!Pfizer
Short Term - We look to Sell at 50.48 (stop at 52.47)
Our outlook is bearish. Broken out of the triangle formation to the downside. This is negative for sentiment and the downtrend has potential to return. Further downside is expected although we prefer to sell into rallies close to the 51.00 level.
Our profit targets will be 45.49 and 42.00
Resistance: 50.00 / 54.00 / 62.00
Support: 45.00 / 40.00 / 34.00
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Pfizer | Fundamental Analysis | Must ReadSo far this year has not been kind to stock markets. And while many drug makers have avoided a selloff, Pfizer is not one of them. The pharmaceutical giant has performed more or less on par with the broader market to date. Fortunately, Pfizer's latest quarterly report showed some very encouraging signs.
However, there are also reasons to be concerned about the future of this medical company. Let's look at one earnings-related reason why Pfizer might be a buy and one reason why it might not be.
Pfizer has made a fortune over the past couple of years through its work on coronaviruses. The company continues to benefit greatly from these efforts. In Q2, the company's revenues rose 53% year over year to $27.7 billion. According to company executives, Pfizer recorded the largest quarterly sales in its history during the period, and that was primarily due to its COVID-19 product line.
Sales of the coronavirus vaccine totaled $8.8 billion, up 20% from last year. Sales of the coronavirus drug Paxlovid were $8.1 billion (no year-over-year comparison here, since the drug received approval in December). These two drugs alone accounted for more than half of Pfizer's total revenue.
While Pfizer's line of drugs against coronaviruses is currently unparalleled, the rest of the company's portfolio is not as impressive. The non-coronavirus drug maker's revenues grew a paltry 1% year-over-year in Q2. Pfizer's line of drugs faces a number of challenges, including adverse events related to its immunologic drug Xeljanz. Xeljanz belongs to a class of drugs known as JAK inhibitors.
Last year, Pfizer published data from a post-marketing study that showed Xeljanz was associated with higher rates of cardiovascular events and cancer than TNF inhibitors, a drug category that includes AbbVie's Humira.
The results of this study, combined with a regulatory decision to add a warning about these risks to the label of Xeljanz (and other JAK inhibitors), are holding back sales of the drug. In Q2, sales of Xeljanz declined 24% year over year to $430 million. Revenues for the immunosuppressant Enbrel also fell 10% year over year to $257 million, probably because of tougher competition, which also affected its sales in Q1.
Pfizer has some good non-coronavirus numbers, including its drug Eliquis. In Q2, sales of that anticoagulant rose 23% year over year to $1.7 billion. But overall, the company has barely been able to increase sales outside of its line of coronavirus drugs. This could be a problem if sales of COVID-19 products fall sharply after this year.
In my opinion, the market is still underestimating Pfizer. First, the company will continue to make profits from Paclovid and Comirnati. COVID-19 will not (unfortunately) suddenly disappear out of thin air after this year. Even if the demand for drugs to prevent or treat the disease declines, Paxlovid and Komirnati can continue to make significant contributions to Pfizer's top-line revenue for a long time to come.
Second, while the rest of the drug line is unimpressive, pharmaceutical companies sometimes face this problem because of growing competition, patent breaks, or other factors. But drug makers generally don't have the advantage of growing sales at the rate that Pfizer does when they face such obstacles.
What matters is whether the company in question can meet these challenges. Having a solid portfolio and plenty of money to devote to research and development helps - and Pfizer has both. Thanks to the company's success in the coronavirus market, its cash balance has skyrocketed.
Pfizer has been active in acquisitions and plans to continue on that path. This should help bolster its already solid line of drugs, which has more than 90 clinical trials. Pfizer expects up to 15 new approvals over the next 18 months. Some of the current programs could go wrong. But the company has all the tools it needs to launch several new potential blockbuster drugs in the next five years. That's why investors should siphon off the company's stock before it rises in price.
TriangleTop trendline is sloping down and bottom trendline is flattish so this may be a Descending triangle.
Triangles of any kind are neutral until a trendline is broken.
Earnings this morning and looks like they beat the numbers.
The alligator is tangled indicating a move up or down is on the horizon.
Long candle tail/shadow that broke the trendline today and found support. Price is back inside the triangle now.
No recommendation
PFE Trade Idea: Looking to BreakoutPFE consolidation with a symmetrical triangle currently looking like it may break through its upper trend line. With atleast a day or two breaking above, as well as closing, above the upper trend line, it may run towards 58-60. OBV rising with price momentum upwards, combined with a recent reversal into ADX+ (positive directional movement) may confirm this going higher. Solid R/R ratio on this. Will continue to watch and update.
Symmetrical Triangle/Rising Wedge.Earnings 7-28 BMO
Neutral pattern until a trendline is broken.
Targets over the triangle are bullish targets if triangle breaks to the upside.
Targets below the structure are bearish targets if this breaks to the downside.
Price has broken bottom trendline of the triangle and recovered using a prior gap as support.
Doji candle on Friday/indecision.
Short percent is 1.23% approximate and ratio is 2.9.
Earnings can make going long or short tricky so I will wait and see what happens. Longer term I feel this is a short due to the rising wedge. You may see this chart differently than I do.
No recommendation.
There is an old bearish rising wedge ( LOOK LEFT) in this chart just below $40. This pattern has not been validated. This pattern is not valid until the bottom trendline is broken. If history repeats itself, this rising wedge will eventually be broken.
Pfizer: to complete the recovery journeyPfizer stock
He is about to complete the recovery journey he started from the bottom of last June 17
Its recent decline received strong support from the $50.50 barrier
And it is testing a resistance between the average 100 and 51.48 by breaching it, while reaping the momentum with a higher trading volume that increases the chances of the rise
$PFE is finding support at its 50 day line. Can it move higher?Notes:
* Strong up trend on all time frames
* Great earnings track record
* Building a base for the past ~7months
* Consolidating around its 50 day line with decreasing volume on the daily, weekly and monthly time frames
* This indicates that the buyers and sellers are agreeing on this price range
* Currently bouncing off of its 50 day line with higher than average volume
Technicals:
Sector: Healthcare - Drug Manufacturers - General
Relative Strength vs. Sector: 1.22
Relative Strength vs. SP500: 1.11
U/D Ratio: 1.65
Base Depth: 33.25%
Distance from breakout buy point: -14.42%
Volume 7.08% above its 15 day avg.
Trade Idea:
* This is offering a low risk entry
* You can enter now as the price is just bouncing off of its 50 day line with higher than average volume
* If you're looking for a better entry you can look for one around the 50.67 area as that should serve as support
* This stock usually has local tops when the price closes around 14.24% above its 50 EMA
* Consider selling into strength if the price closes 14.04% to 14.44% (or higher) above its 50 EMA
* The last closing price is 0.98% away from its 50 EMA