6MK Technical Analysis - MERCK & CO. INC.

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to 6MK. 6MK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, 6MK is a bad performer in the overall market: 93% of all stocks are doing better.

6MK is part of the Pharmaceuticals industry. There are 50 other stocks in this industry, of which 81% are performing better than 6MK.

6MK is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month 6MK has a been trading in the 67.70 - 73.70 range, which is quite wide. It is currently trading near the lows of this range.

Warning: 6MK has an average volume of 2291 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MERCK & CO. INC. / 6MK Weekly stock chart

MERCK & CO. INC. / 6MK Daily stock chart

Setup Rating and Analysis

The technical rating of 6MK is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

65.74

76.26

When analyzing the support we notice one important area.

A support zone ranging from 66.40 to 67.30. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

Strong resistance @68.40 from a horizontal line in the daily time frame.
A resistance zone ranging from 69.86 to 72.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 74.80 to 75.50. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for 6MK.DE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for 6MK.DE is down.
ChartMill Relative Strength	7.94	NEGATIVE	6MK.DE has a low relative strength, it was outperformed by 92.06% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of 6MK.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of 6MK.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of 6MK.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	39.23	NEUTRAL	The RSI value for 6MK.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.39	NEGATIVE	The MACD value suggests 6MK.DE has a negative trend.
Stochastics (14,3)	18.95	OVERSOLD	The low Stochastics value suggests 6MK.DE may be oversold.
Average True Range in percent/ATR (20)	1.89	LOW VOLATILITY	The low ATR as a percentage value for 6MK.DE suggests low volalility.
Average Directional Index/ADX (14)	14.32	NEGATIVE	The low ADX value for 6MK.DE suggests a weak or negative trend.