MERCK & CO. INC. (MRK) Stock Technical Analysis
USA - NYSE:MRK - US58933Y1055 - Common Stock
87.5 USD
+1.1 (+1.27%)
87.99 USD
+0.49 (+0.56%)
Overall MRK gets a technical rating of 6 out of 10. MRK has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
79% of all other stocks performed better in the past year than MRK.
MRK is one of the lesser performing stocks in the Pharmaceuticals industry. 60% of 196 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
MRK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
MRK has an average volume of 12526300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
MRK has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 89.19. Right above this resistance zone may be a good entry point.
More info and screens
75.21
91.03
3 important support areas can be observed.
- A support zone ranging from 83.22 to 83.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 77.60 to 78.28. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 75.97 to 76.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 89.19 to 90.13. 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 | NEUTRAL | NEUTRAL | The long term trend for MRK is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRK is up. |
| ChartMill Relative Strength | 21.25 | NEGATIVE | MRK has a low relative strength, it was outperformed by 78.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MRK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MRK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MRK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.53 | NEUTRAL | The RSI value for MRK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.66 | POSITIVE | The MACD value suggests MRK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.46 | NEUTRAL | The Stochastics value for MRK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for MRK suggests some volalility. |
| Average Directional Index/ADX (14) | 23.91 | NEUTRAL | The ADX value for MRK suggests a possible start of a new 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 |
|---|---|---|---|
| 90.14 | 83.21 | 6.93 (7.69%) | 13.01% |
| An entry @90.14. This is a Buy Stop order right above the resistance zone. | An exit @83.21. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.93 points, which is 7.69%. | When investing 13.01% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
87.5
+1.1 (+1.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.27%
1 Week-2.25%
2 Weeks12.76%
1 Month2.76%
3 Month4.97%
6 Month10.51%
12 Month-20.26%
2 Year-14.8%
3 Year-13.54%
5 Year16.34%
10 Year60.08%
15 Year140.98%
Volatility
ATR(14)2.35
ATR(20)%2.39%
ATR Inc-31.47%
Range Today1.16
ADR(20)2.01
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.25
Mansfield-1.2
10 Day High91
10 Day Low77.69
20 Day High91
20 Day Low77.58
52 Week High111.58
52 Week Low73.31
CS1 End83.79
CR1 Start89.19
Volume & EV
DER(3)-0.7%
DER(5)-0.26%
Volume10.94M
Volume Incr-23.03%
Vol(5)10.94M
Vol(50)12.53M