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. Although MRK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although MRK has an excellent technical rating, it does not present a decent entry opportunity 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.
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75.41
5 important support areas can be observed.
- A support zone ranging from 96.89 to 99.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @90.82 from a trend line in the daily time frame.
- A support zone ranging from 80.50 to 80.88. 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.
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 | 78.69 | POSITIVE | MRK has a high relative strength, it outperformed 78.69% 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) | 72.64 | OVERBOUGHT | The high RSI value suggests MRK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests MRK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.17 | OVERBOUGHT | The high Stochastics value suggests MRK may be overbought. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for MRK suggests some volalility. |
| Average Directional Index/ADX (14) | 34.43 | POSITIVE | The high ADX value value for MRK suggests a strong trend. |
110.53
-0.46 (-0.41%)
MERCK & CO. INC. / MRK FAQ
What is the technical rating for MRK stock?
ChartMill assigns a technical rating of 8 / 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 72.643. This indicates that the stock is currently overbought.
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.