MERCK & CO. INC. (1MRKX.MI) Stock Technical Analysis
BIT:1MRKX - Euronext Milan - US58933Y1055 - Common Stock - Currency: EUR
We assign a technical rating of 2 out of 10 to 1MRKX. 1MRKX performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
Although the technical rating is bad, 1MRKX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 70.11. Right above this resistance zone may be a good entry point.
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65.84
When analyzing the support we can see 2 important areas.
- A support zone ranging from 68.71 to 70.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 66.50 to 66.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for 1MRKX.MI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for 1MRKX.MI is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | 1MRKX.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of 1MRKX.MI is above a declining SMA(20). |
| Relative Strength Index/RSI (14) | 40.21 | NEUTRAL | The RSI value for 1MRKX.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.56 | NEGATIVE | The MACD value suggests 1MRKX.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.37 | NEUTRAL | The Stochastics value for 1MRKX.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for 1MRKX.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 38.71 | POSITIVE | The high ADX value value for 1MRKX.MI suggests a strong trend. |
BIT:1MRKX (7/24/2025, 7:00:00 PM)
71.4
+1.6 (+2.29%)