Pfizer (PFE) stock edged slightly lower in its latest intraday trading, in an attempt to gain positive momentum that may help it rise again. The stock is benefiting from dynamic support represented by trading above its previous 50-day SMA, which reinforces the stability of the short-term corrective bullish trend as it moves along a supporting slope line. Meanwhile, bullish signals continue to emerge on the RSI, despite it reaching extremely overbought levels.

Therefore, we expect the stock price to rise in its upcoming trading, as long as it remains above the 24.50 support level, targeting the 26.50 resistance level.

Todays price forecast: Bullish