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published in Blogs
Jun 01, 2023

Robots Profit as Pfizer (PFE) Shares Drop Over 1.5% in a Calm Market: A Winning Trade

Yesterday, futures tied to the Dow Jones Industrial Average fell by 111 points, or approximately 0.34%. S&P 500 futures declined by 0.28%, while Nasdaq 100 futures dropped by 0.25%. Our robots performed better than the market yesterday, as there was a slight increase in the broad market. However, it is still not sufficient to speak of a strong growing market. The broad market remains weak, and only individual stocks are showing some upward movement.

Our robots have been able to make profits from short positions on certain stocks. One example is Pfizer, which our robots were short on, and it lost over 1.5% yesterday. The market is very volatile, and I recommend exercising caution when making trades at the moment. However, it is likely that the market will determine its direction in the near future.

The Stochastic Oscillator appears to be transitioning from an upward trend to a downward trend. In 34 out of 59 instances where PFE's Stochastic Oscillator exited the overbought zone, the price subsequently declined within the following month. The likelihood of a continued downward trend is estimated at 58%.

The Momentum Indicator dropped below the 0 level on May 30, 2023. In 47 out of 83 cases where the Momentum Indicator fell below 0, the stock continued to decline within the subsequent month. The odds of a continued downward trend are calculated at 57%.

Following a 3-day decline, it is expected that the stock will experience further falls. Historical data shows that in 50 out of 62 cases where PFE declined for three consecutive days, the price subsequently rose within the following month. The probability of a continued downward trend is estimated at 60%.

PFE broke above its upper Bollinger Band on May 23, 2023. This breakout may indicate an impending drop in the stock's price as it moves back below the upper band towards the middle band. It might be worth considering selling the stock or exploring put options.

The Aroon Indicator for PFE shifted into a downward trend on May 23, 2023. This suggests a potential strong downward movement for the stock. Traders may want to consider selling the stock or purchasing put options.

Related Ticker: PFE

PFE's RSI Oscillator is sitting in oversold zone for 1 day

It is expected that a price bounce should occur soon.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 15 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

PFE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on August 31, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on PFE as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for PFE turned negative on August 31, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 39 similar instances when the indicator turned negative. In of the 39 cases the stock turned lower in the days that followed. This puts the odds of success at .

PFE moved below its 50-day moving average on August 28, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for PFE crossed bearishly below the 50-day moving average on September 06, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PFE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for PFE entered a downward trend on September 22, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.864) is normal, around the industry mean (6.139). P/E Ratio (8.696) is within average values for comparable stocks, (31.865). Projected Growth (PEG Ratio) (1.110) is also within normal values, averaging (3.317). PFE has a moderately high Dividend Yield (0.050) as compared to the industry average of (0.028). P/S Ratio (2.402) is also within normal values, averaging (3.735).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. PFE’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PFE’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 68, placing this stock worse than average.

Notable companies

The most notable companies in this group are Eli Lilly & Co (NYSE:LLY), Johnson & Johnson (NYSE:JNJ), ABBVIE (NYSE:ABBV), Merck & Co (NYSE:MRK), AstraZeneca PLC (NASDAQ:AZN), Pfizer (NYSE:PFE), Amgen (NASDAQ:AMGN), Bristol-Myers Squibb Co (NYSE:BMY), Gilead Sciences (NASDAQ:GILD), Biogen (NASDAQ:BIIB).

Industry description

The Major Pharmaceuticals industry includes companies that are involved in various processes of creating drugs to treat/prevent diseases. These companies engage in research, testing and manufacturing, as well as the distribution of pharmaceuticals into markets. Johnson & Johnson, Merck & Co., Inc., Pfizer Inc. and Novartis are among the largest companies in this category.

Market Cap

The average market capitalization across the Pharmaceuticals: Major Industry is 80.43B. The market cap for tickers in the group ranges from 72.83K to 524.29B. LLY holds the highest valuation in this group at 524.29B. The lowest valued company is CRXTQ at 72.83K.

High and low price notable news

The average weekly price growth across all stocks in the Pharmaceuticals: Major Industry was -2%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was -1%. AZNCF experienced the highest price growth at 4%, while SCLX experienced the biggest fall at -17%.

Volume

The average weekly volume growth across all stocks in the Pharmaceuticals: Major Industry was -52%. For the same stocks of the Industry, the average monthly volume growth was -60% and the average quarterly volume growth was 4%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 28
P/E Growth Rating: 59
Price Growth Rating: 57
SMR Rating: 57
Profit Risk Rating: 67
Seasonality Score: -21 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a manufacturer of vaccines and injectable biologic medicines

Industry PharmaceuticalsMajor

Profile
Fundamentals
Details
Industry
Pharmaceuticals Major
Address
66 Hudson Boulevard East
Phone
+1 212 733-2323
Employees
83000
Web
https://www.pfizer.com
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PFE and

Correlation & Price change

A.I.dvisor indicates that over the last year, PFE has been loosely correlated with MRK. These tickers have moved in lockstep 55% of the time. This A.I.-generated data suggests there is some statistical probability that if PFE jumps, then MRK could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PFE
1D Price
Change %
PFE100%
+0.89%
MRK - PFE
55%
Loosely correlated
-0.47%
BMY - PFE
49%
Loosely correlated
+0.44%
JNJ - PFE
46%
Loosely correlated
-0.15%
GILD - PFE
45%
Loosely correlated
-0.24%
AMGN - PFE
38%
Loosely correlated
-0.31%
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