MERCK & CO. INC. (MRK) Stock Technical Analysis
NYSE:MRK - New York Stock Exchange, Inc. - US58933Y1055 - Common Stock - Currency: USD
Overall MRK gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MRK was also a bad performer in the overall market in the last year.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, MRK is a bad performer in the overall market: 90% of all stocks are doing better.
MRK is part of the Pharmaceuticals industry. There are 195 other stocks in this industry, of which 63% are performing better than MRK.
MRK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MRK has a been trading in the 75.44 - 83.07 range, which is quite wide. It is currently trading near the high of this range.
MRK has an average volume of 16378200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
The technical rating of MRK is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
77.50
84.45
When analyzing the support we notice one important area.
- A support zone ranging from 78.28 to 81.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 81.82 to 81.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @83.61 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for MRK is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MRK is neutral. |
| ChartMill Relative Strength | 10.96 | NEGATIVE | MRK has a low relative strength, it was outperformed by 89.04% 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 | NEGATIVE | The current price of MRK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.88 | NEUTRAL | The RSI value for MRK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests MRK has a positive trend. |
| Stochastics (14,3) | 51.64 | NEUTRAL | The Stochastics value for MRK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for MRK suggests some volalility. |
| Average Directional Index/ADX (14) | 13.1 | NEGATIVE | The low ADX value for MRK suggests a weak or negative 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)
81.81
+2.65 (+3.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg3.35%
1 Week1.86%
2 Weeks1.05%
1 Month7.29%
3 Month0.42%
6 Month-17.48%
12 Month-35.3%
2 Year-23.29%
3 Year-8.43%
5 Year1.96%
10 Year38.76%
15 Year137.41%
Volatility
ATR(14)1.97
ATR(20)%2.37%
ATR Inc45.52%
Range Today4.47
ADR(20)1.86
ADR(20)%2.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.96
Mansfield-2.22
10 Day High83.07
10 Day Low77.1
20 Day High83.07
20 Day Low75.44
52 Week High129.93
52 Week Low73.31
CS1 EndN/A
CR1 Start79.26
Volume & EV
DER(3)2.07%
DER(5)1.2%
Volume21.80M
Volume Incr56.99%
Vol(5)24.48M
Vol(50)16.38M