MERRIMACK PHARMACEUTICALS IN (MACK) Technical Analysis
NASDAQ:MACK • US5903282094
Current stock price
MACK Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to MACK. 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 is also trading in the upper part of its 52 week range, so MACK is performing more or less in line with the market.
- 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 518 other stocks in this industry, MACK did better than 55% 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.
MACK Weekly and Daily overview Charts
MACK Setup Rating and Analysis
MACK has an excellent technical rating and 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. 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
MACK Support and Resistance Analysis
12.92
We found 4 important support 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.
MACK 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 | 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. |
MACK Chart- and CandleStick Pattern Analysis
MACK Example Setup
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 worst case loss on the trade is limited to 0.18 points, which is 1.22%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.30%. |
- 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.
MACK Technicals: Chart, Performance Metrics, Trend & Indicators
15.13
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MERRIMACK PHARMACEUTICALS IN / MACK TA FAQ
What is the technical rating for MACK stock?
ChartMill assigns a technical rating of 7 / 10 to MACK.
What is the current trend direction of MERRIMACK PHARMACEUTICALS IN (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.
What is the MACD signal for MACK stock?
The MACD indicator for MERRIMACK PHARMACEUTICALS IN (MACK) has a value of 0.0105545, indicating a bearish trend.
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.