RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MACK
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Green day on Thursday for Merrimack Pharmaceuticals stock after gaining 0.136%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 08, 2024 Gain 8.44% PDF

The Merrimack Pharmaceuticals stock price gained 0.136% on the last trading day (Thursday, 28th Mar 2024), rising from $14.75 to $14.77. During the last trading day the stock fluctuated 0.644% from a day low at $14.75 to a day high of $14.85. The price has been going up and down for this period, and there has been a 0.75% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 310 thousand more shares were traded than the day before. In total, 404 thousand shares were bought and sold for approximately $5.97 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.27% during the next 3 months and, with a 90% probability hold a price between $16.46 and $18.54 at the end of this 3-month period.

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MACK Signals & Forecast

The Merrimack Pharmaceuticals stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $14.73 and $14.64. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, February 13, 2024, and so far it has fallen -1.53%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, September 22, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Friday, September 22, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Merrimack Pharmaceuticals stock

Merrimack Pharmaceuticals finds support from accumulated volume at $14.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0950 between high and low, or 0.644%. For the last week the stock has had daily average volatility of 0.775%.

Our recommended stop-loss: $13.72 (-7.13%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 31 days ago.)

Trading Expectations (MACK) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Merrimack Pharmaceuticals to open at $14.79, and during the day (based on 14 day Average True Range), to move between $14.63 and $14.91, which gives a possible trading interval of +/-$0.140 (+/-0.95%) up or down from last closing price. If Merrimack Pharmaceuticals takes out the full calculated possible swing range there will be an estimated 1.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $14.79 (0.14%) than the support at $14.70 (0.47%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Merrimack Pharmaceuticals stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Merrimack Pharmaceuticals stock to perform well in the short-term.

Current score: 4.454 Buy Candidate Unchanged

Predicted Opening Price for Merrimack Pharmaceuticals of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$14.79 ( 0.124%) $14.77

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MACK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 14.88 0.767 %
R2 14.85 0.522 %
R1 14.82 0.370 %
Current price: 14.77
Support S1 14.75 -0.122 %
S2 14.73 -0.273 %
S3 14.69 -0.519 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 15.00 1.56 %
R1 14.79 0.135 %
Current price 14.77
Support S1 14.70 -0.474%
S2 14.69 -0.542%
S3 14.67 -0.677%

MACK Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 03, 2019 Dec 13, 2019 Dec 23, 2019 $0.500 14.20%
2 Jul 25, 2019 Sep 06, 2019 Sep 05, 2019 $1.50 27.17%
3 Apr 05, 2017 May 30, 2017 May 26, 2017 $8.30 31.97%

FAQ

What is the symbol for Merrimack Pharmaceuticals Stock and on which exchange is it traded?
The symbol for Merrimack Pharmaceuticals is MACK and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Merrimack Pharmaceuticals Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Merrimack Pharmaceuticals stock to perform well in the short-term.

How to buy Merrimack Pharmaceuticals Stock?
Merrimack Pharmaceuticals Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Merrimack Pharmaceuticals Stock.

What's the current price of Merrimack Pharmaceuticals Stock?
As of the end of day on the 2024-03-28, the price of an Merrimack Pharmaceuticals (MACK) share was $14.77.

What is the 52-week high and low for Merrimack Pharmaceuticals Stock?
The 52-week high for Merrimack Pharmaceuticals Stock is $15.89 and the 52-week low is $11.53.

What is the market capitalization of Merrimack Pharmaceuticals Stock?
As of the 2024-03-28, the market capitalization of Merrimack Pharmaceuticals is 214.344M.

When is the next earnings date for Merrimack Pharmaceuticals?
The upcoming earnings date for Merrimack Pharmaceuticals is May 02, 2024.
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About Merrimack Pharmaceuticals

Merrimack Pharmaceuticals Merrimack Pharmaceuticals, Inc. operates as a biopharmaceutical company. The company was incorporated in 1993 and is headquartered in Cambridge, Massachusetts.... MACK Profile

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