|
|
Advanced TA SearchArchive
- 4/19/2024 -
Sign In to see current Signals. |
Merck & Co. (MRK) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the Merck & Co. (MRK). During the week, the MRK climbed 0.04 points, or 0.03%, and closed at 125.78 on Friday, April 19, 2024. Weekly volume was -12% below average.
 Long-term trend: [See MRK long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 20.05 and reached 133.10 on March 27, 2024. MRK gained -113.05 points, or -563.84%, in 785 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (83.37) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See MRK medium-term trend chart]
A medium-term uptrend had started on October 19, 2023 at 99.14 and reached 133.10 on March 27, 2024. MRK gained -33.96 points, or -34.25%, in 22 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 124.00 and resistance is at 135.09. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See MRK weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See MRK short-term trend chart]
A short-term downtrend had started on March 27, 2024 at 133.10 and reached 124.50 on April 18, 2024. MRK lost 8.60 points, or 6.46%, in 22 days. The price is now at the 14.88% retracement level.
 Daily Technical Indicators: [See MRK daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 8, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (126.78) comes close to the price (125.78). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
| |
|
|