6MK Technical Analysis - MERCK & CO. INC.

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to 6MK. In the past year, 6MK was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

95% of all other stocks performed better in the past year than 6MK.

6MK is part of the Pharmaceuticals industry. There are 50 other stocks in this industry, of which 79% 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.

Warning: 6MK has an average volume of 3262 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.

In the last month 6MK has a been trading in the 66.80 - 72.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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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

6MK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 70.60, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

65.74

72.92

We found 1 important support area.

A support zone ranging from 66.40 to 69.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 70.60 to 72.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The short term trend for 6MK.DE is up.
ChartMill Relative Strength	5.69	NEGATIVE	6MK.DE has a low relative strength, it was outperformed by 94.31% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of 6MK.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of 6MK.DE is above the rising 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)	54.27	NEUTRAL	The RSI value for 6MK.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.13	POSITIVE	The MACD value suggests 6MK.DE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	61.02	NEUTRAL	The Stochastics value for 6MK.DE is a neutral value.
Average True Range in percent/ATR (20)	1.99	LOW VOLATILITY	The low ATR as a percentage value for 6MK.DE suggests low volalility.
Average Directional Index/ADX (14)	11.1	NEGATIVE	The low ADX value for 6MK.DE suggests a weak or negative trend.