Merck KGaA (Germany) ADR (Sponsored) Stock Forecast
Merck KGaA (Germany) ADR (Sponsored) stock price down 0.671% on Thursday
(Updated on Apr 18, 2024)
The Merck KGaA (Germany) ADR (Sponsored) stock price fell by -0.671% on the last day (Thursday, 18th Apr 2024) from $31.28 to $31.07. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 1.41% from a day low at $30.85 to a day high of $31.28. The price has fallen in 7 of the last 10 days and is down by -6.78% for this period. Volume has increased on the last day by 12 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 63 thousand shares were bought and sold for approximately $1.96 million.
Given the current short-term trend, the stock is expected to rise 2.03% during the next 3 months and, with a 90% probability hold a price between $31.70 and $36.27 at the end of this 3-month period.
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MKKGY Signals & Forecast
There are few to no technical positive signals at the moment. The Merck KGaA (Germany) ADR (Sponsored) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $31.96 and $33.84. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -11.86%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Merck KGaA (Germany) ADR (Sponsored) stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.435 between high and low, or 1.41%. For the last week, the stock has had daily average volatility of 1.26%.
Merck KGaA (Germany) ADR (Sponsored) is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MKKGY) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Merck KGaA (Germany) ADR (Sponsored) to open at $31.07, and during the day (based on 14 day Average True Range), to move between $30.52 and $31.62, which gives a possible trading interval of +/-$0.553 (+/-1.78%) up or down from last closing price. If Merck KGaA (Germany) ADR (Sponsored) takes out the full calculated possible swing range there will be an estimated 3.56% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $32.82, some $1.75 (5.63%) from the current price of $31.07, our system finds the risk reward not very attractive.
Is Merck KGaA (Germany) ADR (Sponsored) stock A Buy?
The Merck KGaA (Germany) ADR (Sponsored) stock holds several negative signals and despite the positive trend, we believe Merck KGaA (Germany) ADR (Sponsored) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.472 Sell Candidate Unchanged
Predicted Opening Price for Merck KGaA (Germany) ADR (Sponsored) of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $31.07 ( 0.0161%) | $31.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MKKGY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.50 | 1.38 % | |
| R2 | 31.33 | 0.85 % | ||
| R1 | 31.23 | 0.519 % | ||
| Current price: | 31.07 | |||
| Support | S1 | 30.90 | -0.551 % | |
| S2 | 30.80 | -0.88 % | ||
| S3 | 30.63 | -1.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.27 | 10.30 % | |
| R2 | 33.00 | 6.21 % | ||
| R1 | 32.82 | 5.63 % | ||
| Current price | 31.07 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
MKKGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 09, 2024 | $0.318 | 1.02% |
| 2 | Aug 01, 2023 | May 02, 2023 | May 11, 2023 | $0.472 | 1.31% |
| 3 | Apr 25, 2022 | Apr 25, 2022 | May 04, 2022 | $0.392 | 1.09% |
| 4 | Apr 26, 2021 | Apr 26, 2021 | Apr 26, 2021 | $0.334 | 0.96% |
| 5 | Jun 01, 2020 | Jun 01, 2020 | Jun 01, 2020 | $0.284 | 1.21% |
FAQ
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