MERCK Kommanditgesellschaft auf Aktien Stock Forecast
MERCK Kommanditgesellschaft auf Aktien stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on Apr 22, 2024)
The MERCK Kommanditgesellschaft auf Aktien stock price gained 1.16% on the last trading day (Monday, 22nd Apr 2024), rising from 146.00€ to 147.70€. During the last trading day the stock fluctuated 1.37% from a day low at 146.10€ to a day high of 148.10€. The price has fallen in 6 of the last 10 days and is down by -3.21% for this period. Volume fell on the last day by -138 thousand shares and in total, 215 thousand shares were bought and sold for approximately 31.75€ 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 is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 146.04€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect MERCK Kommanditgesellschaft auf Aktien stock with a 90% probability to be traded between 148.34€ and 166.81€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MRK.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.16%. 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 Kommanditgesellschaft auf Aktien 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 149.22€ and 155.81€. 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 Kommanditgesellschaft auf Aktien stock
MERCK Kommanditgesellschaft auf Aktien finds support from accumulated volume at 147.20€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 2.00€ between high and low, or 1.37%. For the last week, the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: 139.61€ (-5.48%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (MRK.DE) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect MERCK Kommanditgesellschaft auf Aktien to open at 147.30€, and during the day (based on 14 day Average True Range), to move between 144.41€ and 150.99€, which gives a possible trading interval of +/-3.29€ (+/-2.23%) up or down from last closing price. If MERCK Kommanditgesellschaft auf Aktien takes out the full calculated possible swing range there will be an estimated 4.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 147.20€ (0.34%) than the resistance at 155.90€ (5.55%), 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 Kommanditgesellschaft auf Aktien stock A Buy?
MERCK Kommanditgesellschaft auf Aktien holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.322 Hold/Accumulate Upgraded
Predicted Opening Price for MERCK Kommanditgesellschaft auf Aktien of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| 147.30€ ( 0.271%) | 147.70€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MRK.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 149.30 | 1.08 % | |
| R2 | 148.54 | 0.566 % | ||
| R1 | 148.06 | 0.246 % | ||
| Current price: | 147.70 | |||
| Support | S1 | 146.54 | -0.788 % | |
| S2 | 146.06 | -1.11 % | ||
| S3 | 145.30 | -1.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 156.85 | 6.19 % | |
| R2 | 156.60 | 6.03 % | ||
| R1 | 155.90 | 5.55 % | ||
| Current price | 147.70 | |||
| Support | S1 | 147.20 | -0.339% | |
| S2 | 146.75 | -0.643% | ||
| S3 | 146.00 | -1.15% |
MRK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | Apr 29, 2024 | 0€ | 0% |
| 2 | May 02, 2023 | May 02, 2023 | May 02, 2023 | 2.20€ | 1.38% |
| 3 | Apr 25, 2022 | Apr 25, 2022 | Apr 25, 2022 | 1.85€ | 1.07% |
| 4 | Apr 26, 2021 | Apr 26, 2021 | Apr 26, 2021 | 1.40€ | 0.98% |
| 5 | Mar 11, 2020 | May 29, 2020 | Jun 03, 2020 | 1.30€ | 1.23% |
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