MERCK Kommanditgesellschaft auf Aktien Stock Forecast
Red day on Friday for MERCK Kommanditgesellschaft auf Aktien stock after losing 0.89%
(Updated on May 17, 2024)
The MERCK Kommanditgesellschaft auf Aktien stock price fell by -0.89% on the last day (Friday, 17th May 2024) from 168.70€ to 167.20€. During the last trading day the stock fluctuated 1.35% from a day low at 166.80€ to a day high of 169.05€. The price has risen in 6 of the last 10 days and is up by 10% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -212 thousand shares and in total, 287 thousand shares were bought and sold for approximately 47.97€ million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 168.64€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.00% during the next 3 months and, with a 90% probability hold a price between 142.02€ and 165.26€ 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.F Signals & Forecast
The MERCK Kommanditgesellschaft auf Aktien 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 160.82€ and 154.11€. 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). 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 Thursday, May 16, 2024, and so far it has fallen -0.89%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Wednesday, August 23, 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.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, August 23, 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 MERCK Kommanditgesellschaft auf Aktien stock
MERCK Kommanditgesellschaft auf Aktien finds support from accumulated volume at 165.85€ 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 2.25€ between high and low, or 1.35%. For the last week, the stock has had daily average volatility of 2.26%.
The MERCK Kommanditgesellschaft auf Aktien stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: 160.92€ (-3.76%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (MRK.F) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect MERCK Kommanditgesellschaft auf Aktien to open at 167.68€, and during the day (based on 14 day Average True Range), to move between 163.84€ and 170.56€, which gives a possible trading interval of +/-3.36€ (+/-2.01%) 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 4.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 165.85€ (0.81%) than the resistance at 168.70€ (0.90%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.651 Hold/Accumulate Unchanged
Predicted Opening Price for MERCK Kommanditgesellschaft auf Aktien of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 167.68€ ( 0.289%) | 167.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MRK.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 169.93 | 1.63 % | |
| R2 | 169.07 | 1.12 % | ||
| R1 | 168.54 | 0.80 % | ||
| Current price: | 167.20 | |||
| Support | S1 | 166.82 | -0.225 % | |
| S2 | 166.29 | -0.543 % | ||
| S3 | 165.43 | -1.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 168.70 | 0.90 % | ||
| Current price | 167.20 | |||
| Support | S1 | 165.85 | -0.81% | |
| S2 | 158.30 | -5.32% | ||
| S3 | 156.85 | -6.19% |
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€ | 0% |
| 3 | Apr 25, 2022 | Apr 25, 2022 | Apr 25, 2022 | 1.85€ | 0% |
| 4 | Apr 26, 2021 | Apr 26, 2021 | Apr 26, 2021 | 1.40€ | 0% |
| 5 | Mar 11, 2020 | May 29, 2020 | Jun 03, 2020 | 1.30€ | 0% |
FAQ
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