Bullish vs. Bearish (7 opinions)
Social Sentiment 0.15
MRK Forecast and Technical Stock Analysis
Buy candidate since 2019-08-15 Gain 1.92%
Merck & Company Inc gained 1.92% in the last trading day ( Friday, 16th Aug 2019 ), rising from $83.46 to $85.06 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.44% from a day low at $84.15 to a day high of $85.36. The price has risen in 7 of the last 10 days and is up by 0.7% over the past 2 weeks. Volume fell in the last day by -0.57 million shares and in total, 8.48 million shares bought and sold for approximately $721.58 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the MRK stock price was $86.79 and low was $80.89.
- 90 day high was $87.07 and low was $78.25.
- 52 week high for Merck & Company Inc - $87.07 and low - $66.10.
Merck & Company Inc lies in the middle of a weak 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 4.09% during the next 3 months and, with 90% probability hold a price between $84.43 and $92.24 at the end of this period.
Only positive signals in the chart today. Merck & Company Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $84.85 and $83.44. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday August 14, 2019, which indicates further gains 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 61 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Merck & Company Inc finds support from accumulated volume at $83.85.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.21 (1.44%) between high and low. For the last week, the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: $81.00 (-4.77%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
1.76 %Average volatility
Very Low Low Medium High Very High
Merck & Company Inc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
|MRK $85.06 ($1.60 1.92%)|
MRK is up $1.60 today, but where's it headed in 2019?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
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