MERCK & CO. INC. (MRK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MRK - US58933Y1055 - Common Stock
Overall MRK gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MRK is only an average performer.
Besides having an excellent technical rating, MRK 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 103.09. Right above this resistance zone may be a good entry point.
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When analyzing the support we can see 6 important areas.
- A support zone ranging from 99.09 to 100.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @96.89 from a horizontal line in the daily time frame.
- Support @88.29 from a trend line in the daily time frame.
- A support zone ranging from 80.11 to 80.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @78.28 from a horizontal line in the daily time frame.
- Support @76.17 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 103.09 to 105.66. 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 MRK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRK is up. |
| ChartMill Relative Strength | 77.3 | POSITIVE | MRK has a high relative strength, it outperformed 77.3% 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) | UP | POSITIVE | The current price of MRK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.35 | NEUTRAL | The RSI value for MRK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.56 | NEGATIVE | The MACD value suggests MRK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.49 | NEUTRAL | The Stochastics value for MRK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for MRK suggests some volalility. |
| Average Directional Index/ADX (14) | 26.24 | POSITIVE | The high ADX value value for MRK 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 |
|---|---|---|---|
| 105.67 | 99.08 | 6.59 (6.24%) | 16.03% |
| An entry @105.67. This is a Buy Stop order right above the resistance zone. | An exit @99.08. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.59 points, which is 6.24%. | When investing 16.03% 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.
100.69
+1.51 (+1.52%)
MERCK & CO. INC. / MRK FAQ
What is the technical rating for MRK stock?
ChartMill assigns a technical rating of 8 / 10 to MRK.
What is the current trend direction of MERCK & CO. INC. (MRK) stock?
The current trend direction for MERCK & CO. INC. (MRK) is Bullish.
Can you provide the RSI signal for MERCK & CO. INC.?
MERCK & CO. INC. (MRK) has an RSI value of 59.3485. This indicates that the stock is currently neutral.
What is the MACD signal for MRK stock?
The MACD indicator for MERCK & CO. INC. (MRK) has a value of -0.56087, indicating a bearish trend.
What is the buy/sell signal for MERCK & CO. INC. (MRK) stock?
The buy/sell signal for MERCK & CO. INC. (MRK) is buy as both the short term and long term trends are positive.