MRK Technical Analysis - MERCK KGAA

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to MRK. In the last year, MRK was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

When comparing the yearly performance of all stocks, MRK is a bad performer in the overall market: 86% of all stocks are doing better.

MRK is one of the lesser performing stocks in the Pharmaceuticals industry. 70% of 51 stocks in the same industry do better.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month MRK has a been trading in the 105.05 - 121.55 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

MRK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MRK is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

MRK has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

103.55

121.50

We found 2 important support areas.

A support zone ranging from 106.60 to 107.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 104.60 to 104.60. This zone is formed by a combination of multiple trend lines in the daily time frame.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for MRK.DE is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MRK.DE is up.
ChartMill Relative Strength	14.23	NEGATIVE	MRK.DE has a low relative strength, it was outperformed by 85.77% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MRK.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MRK.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MRK.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	69.14	NEUTRAL	The RSI value for MRK.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.47	POSITIVE	The MACD value suggests MRK.DE has a positive trend.
Stochastics (14,3)	89.74	OVERBOUGHT	The high Stochastics value suggests MRK.DE may be overbought.
Average True Range in percent/ATR (20)	2.44	MEDIUM VOLATILITY	The ATR as a percentage value for MRK.DE suggests some volalility.
Average Directional Index/ADX (14)	19.79	NEGATIVE	The low ADX value for MRK.DE suggests a weak or negative trend.