MERRIMACK PHARMACEUTICALS IN (MACK) Stock Technical Analysis
NASDAQ:MACK - US5903282094 - Common Stock
15.13 USD
0 (0%)
15.16 USD
+0.03 (+0.2%)
Overall MACK gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MACK is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
MACK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MACK is lagging the market slightly.
When compared to the yearly performance of all other stocks, MACK outperforms 66% of them, which is more or less in line with the market.
MACK is part of the Biotechnology industry. There are 547 other stocks in this industry, MACK did better than 65% of them.
In the last month MACK has a been trading in a tight range between 14.70 and 15.16.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, MACK also presents a decent setup pattern. 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 15.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.09, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
12.92
15.41
When analyzing the support we can see 4 important areas.
- A support zone ranging from 14.65 to 15.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.23 from a trend line in the daily time frame.
- A support zone ranging from 13.67 to 13.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.05 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 15.14 to 15.26. 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 MACK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MACK is up. |
| ChartMill Relative Strength | 66.97 | NEUTRAL | MACK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MACK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MACK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MACK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.97 | OVERBOUGHT | The high RSI value suggests MACK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MACK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.28 | OVERBOUGHT | The high Stochastics value suggests MACK may be overbought. |
| Average True Range in percent/ATR (20) | 0.41 | LOW VOLATILITY | The low ATR as a percentage value for MACK suggests low volalility. |
| Average Directional Index/ADX (14) | 68.74 | POSITIVE | The high ADX value value for MACK suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.17 | 14.99 | 0.18 (1.22%) | 25.00% |
| An entry @15.17. This is a Buy Stop order right above the 10 day high. | An exit @14.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.18 points, which is 1.22%. | For a 0.30% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
15.13
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0%
1 Week0.07%
2 Weeks0.87%
1 Month2.79%
3 Month2.93%
6 Month18.02%
12 Month18.95%
2 Year192.09%
3 Year136.41%
5 Year158.19%
10 Year-80.53%
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%0.41%
ATR Inc-51.03%
Range Today0.03
ADR(20)0.05
ADR(20)%0.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.97
Mansfield0.13
10 Day High15.17
10 Day Low15
20 Day High15.17
20 Day Low14.7
52 Week High15.89
52 Week Low11.53
CS1 End15.09
CR1 Start15.14
Volume & EV
DER(3)0.01%
DER(5)1.57%
Volume1.26M
Volume Incr460.96%
Vol(5)989.16K
Vol(50)230.68K