MERCK & CO. INC. (MRK) Stock Technical Analysis
NYSE:MRK • US58933Y1055
Taking everything into account, MRK scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MRK is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that MRK is one of the better performing stocks in the market, outperforming 89% of all stocks.
- MRK is part of the Pharmaceuticals industry. There are 191 other stocks in this industry. MRK outperforms 75% of them.
- A new 52 week high is currently being made by MRK, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- 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 14014500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, MRK also presents a decent setup pattern. Prices have been consolidating lately. 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 121.93. Right above this resistance zone may be a good entry point.
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77.50
When analyzing the support we can see 4 important areas.
- A support zone ranging from 111.95 to 113.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 106.90 to 108.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 81.15 to 81.95. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 121.93 to 121.93. 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 | 89.88 | POSITIVE | MRK has a high relative strength, it outperformed 89.88% 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) | 69.44 | NEUTRAL | The RSI value for MRK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.48 | POSITIVE | The MACD value suggests MRK has a positive trend. |
| Stochastics (14,3) | 82.73 | OVERBOUGHT | The high Stochastics value suggests MRK may be overbought. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for MRK suggests some volalility. |
| Average Directional Index/ADX (14) | 36.84 | 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 |
|---|---|---|---|
| 121.94 | 109.94 | 12.00 (9.84%) | 10.16% |
| An entry @121.94. This is a Buy Stop order right above the resistance zone. | An exit @109.94. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 12.00 points, which is 9.84%. | For a 1.00% total portfolio risk, you can invest 10.16% of your capital in this trade. |
- 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.
121.41
+2.17 (+1.82%)
MERCK & CO. INC. / MRK FAQ
What is the technical rating for MRK stock?
ChartMill assigns a technical rating of 10 / 10 to MRK.
Can you provide the trend direction for MERCK & CO. INC.?
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 69.4436. This indicates that the stock is currently neutral.
What is the short term momentum for MERCK & CO. INC. (MRK) stock?
The short term momentum for MERCK & CO. INC. (MRK) is positive.
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.