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Archive
- 4/5/2024 -
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Merck & Co. (MRK) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Merck & Co. (MRK). During the week, the MRK dropped -3.96 points, or -3.00%, and closed at 127.99 on Friday, April 5, 2024. Weekly volume was -13% 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 (83.20) 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 price is now at the 15.05% retracement level.
 Weekly Technical Indicators: [See MRK weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See MRK short-term trend chart]
A short-term uptrend had started on March 15, 2024 at 119.23 and reached 133.10 on March 27, 2024. MRK gained -13.87 points, or -11.63%, in 12 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See MRK daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since March 22, 2024. This is an indication that the short-term trend is up.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.
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