MERRIMACK PHARMACEUTICALS IN (MACK) Stock Technical Analysis
USA - NASDAQ:MACK - US5903282094 - Common Stock
Taking everything into account, MACK scores 7 out of 10 in our technical rating. Although MACK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, MACK also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
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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.
When analyzing the resistance we notice one important 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. |
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.
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MERRIMACK PHARMACEUTICALS IN / MACK FAQ
What is the technical rating for MACK stock?
ChartMill assigns a technical rating of 7 / 10 to MACK.
What is the trend direction for MACK stock?
The current trend direction for MERRIMACK PHARMACEUTICALS IN (MACK) is Bullish.
What is the RSI signal for MACK stock?
MERRIMACK PHARMACEUTICALS IN (MACK) has an RSI value of 78.9684. This indicates that the stock is currently overbought.
Can you provide the short term momentum for MERRIMACK PHARMACEUTICALS IN?
The short term momentum for MERRIMACK PHARMACEUTICALS IN (MACK) is positive.
What are the support and resistance levels for MERRIMACK PHARMACEUTICALS IN (MACK) stock?
MERRIMACK PHARMACEUTICALS IN (MACK) has a support level at 15.09 and a resistance level at 15.14. Check the full technical report for our detailed analysis of MACK support and resistance levels.