Based on the provided data and current market conditions, here's a comprehensive analysis for PFE's stock price prediction for the next trading week:
Technical Analysis
The technical indicators show PFE is currently trading at $26.07 with an RSI of 46.10, indicating a neutral momentum. The stock is trading below its 200-day SMA of $27.36, suggesting a bearish long-term trend. However, it's showing signs of stabilization around the current price level with Fibonacci support at $25.98.
News Sentiment Analysis
Several significant developments are likely to impact PFE's price movement:
Positive Clinical Results: PFE announced encouraging results from the Phase 3 BREAKWATER trial, showing a 61% objective response rate for its BRAFTOVI combination therapy. This positive development could provide upward momentum.
Settlement Impact: PFE's subsidiary Biohaven agreed to pay nearly $60 million to resolve false claims allegations. While negative, the settlement amount is relatively small compared to PFE's size and shouldn't significantly impact the stock.
Strong Shareholder Yield: PFE received a high rating of 85% from Validea's Shareholder Yield Investor model, indicating strong cash return to shareholders through dividends and buybacks.
Price Prediction for Next Week
Based on technical and fundamental factors:
Support Levels:
Resistance Levels:
Expected price movement: $26.40-$27.20
The stock is likely to trade in this range with an upward bias due to:
Trading Recommendation: BUY with entry point at current levels ($26.07) or any dip towards $25.98. Set stop loss at $25.70 and first target at $26.90.
The price of PFE is predicted to go up -2.2%, based on the high correlation periods with TCBS. The similarity of these two price pattern on the periods is 94.27%.
PFE
TCBS
Year
PFE Price Forecast($)
Potential Return(%)
2025
26.730
0.530
2026
34.000
27.870
2028
40.000
50.430
2029
35.000
30.160
2030
40.000
48.750
Pfizer's pipeline productivity is improving with several successful recent drug launches. In particular, cardiovascular drug Vyndaqel is a potential game-changer in the rare-disease arena.
Pfizer's strong success in developing a COVID-19 vaccine and treatment is yielding a massive cash windfall.
Pfizer's decision to divest its off-patent division should result in a faster-growing, innovative company.
UBS
Price Target
$31 → $29
Upside
+7.97%
B of A Securities
Price Target
$29
Upside
+13.41%
Bernstein
Price Target
$32
Upside
+9.31%