0% commission for ETF tradesMerck Stock Forecast
AI Analysis of MRK
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Merck stock downgraded to Sell Candidate
(Updated on Sep 12, 2024)
The Merck stock price gained 0.471% on the last trading day (Thursday, 12th Sep 2024), rising from $114.71 to $115.25. During the last trading day the stock fluctuated 1.28% from a day low at $114.04 to a day high of $115.51. The price has fallen in 6 of the last 10 days and is down by -1.83% for this period. Volume fell on the last day by -2 million shares and in total, 5 million shares were bought and sold for approximately $577.01 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.52% during the next 3 months and, with a 90% probability hold a price between $89.42 and $102.25 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MRK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, August 06, 2024, and so far it has risen 3.69%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Merck stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $116.13 and $116.10. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Merck stock
Merck finds support from accumulated volume at $115.20 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 $1.46 between high and low, or 1.28%. For the last week the stock has had daily average volatility of 2.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MRK) For The Upcoming Trading Day Of Friday 13th
For the upcoming trading day on Friday, 13th we expect Merck & Company Inc to open at $114.93, and during the day (based on 14 day Average True Range), to move between $112.85 and $117.65, which gives a possible trading interval of +/-$2.40 (+/-2.08%) up or down from last closing price. If Merck & Company Inc takes out the full calculated possible swing range there will be an estimated 4.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $115.20 (0.04%) than the resistance at $123.80 (7.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Merck & Company Inc stock A Buy?
Merck holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
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Current score: -2.579 Sell Candidate Downgraded
Predicted Opening Price for Merck & Company Inc of Friday, September 13, 2024
| Fair opening price September 13, 2024 | Current price |
|---|---|
| $114.93 ( 0.276%) | $115.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MRK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 116.40 | 0.99% |
| R2 | 115.84 | 0.509% |
| R1 | 115.49 | 0.209% |
| Price | 115.25 | |
| S1 | 114.37 | -0.762% |
| S2 | 114.03 | -1.06% |
| S3 | 113.47 | -1.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 129.82 | 12.64% |
| R2 | 127.90 | 10.98% |
| R1 | 123.80 | 7.42% |
| Price | 115.25 | |
| S1 | 115.20 | -0.0434% |
| S2 | 113.13 | -1.84% |
| S3 | 112.31 | -2.55% |
MRK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 16, 2024 | Sep 16, 2024 | Oct 07, 2024 | $0.770 | 0.668% |
| 2 | Jun 17, 2024 | Jun 17, 2024 | Jul 08, 2024 | $0.770 | 0.612% |
| 3 | Mar 14, 2024 | Mar 14, 2024 | Apr 05, 2024 | $0.770 | 0.602% |
| 4 | Nov 28, 2023 | Dec 14, 2023 | Jan 08, 2024 | $0.770 | 0.656% |
| 5 | Jul 25, 2023 | Sep 14, 2023 | Oct 06, 2023 | $0.730 | 0.703% |
FAQ
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