Merck Stock Forecast
Green day on Monday for Merck stock after gaining 0.92%
(Updated on Apr 22, 2024)
The Merck stock price gained 0.92% on the last trading day (Monday, 22nd Apr 2024), rising from $125.78 to $126.94. During the last trading day the stock fluctuated 1.47% from a day low at $126.22 to a day high of $128.08. The price has risen in 6 of the last 10 days and is up by 0.3% over the past 2 weeks. Volume fell on the last day by -316 thousand shares and in total, 6 million shares were bought and sold for approximately $767.94 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 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 2.51% during the next 3 months and, with a 90% probability hold a price between $124.93 and $136.12 at the end of this 3-month period.
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MRK Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -3.80%. 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). The Merck 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 $125.76 and $125.45. A breakdown below any of these levels will issue sell signals. 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.
Support, Risk & Stop-loss for Merck stock
Merck finds support from accumulated volume at $126.38 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 $1.86 between high and low, or 1.47%. For the last week the stock has had daily average volatility of 1.17%.
Our recommended stop-loss: $121.65 (-4.16%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (MRK) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Merck & Company Inc to open at $127.08, and during the day (based on 14 day Average True Range), to move between $124.98 and $128.90, which gives a possible trading interval of +/-$1.96 (+/-1.54%) up or down from last closing price. If Merck & Company Inc takes out the full calculated possible swing range there will be an estimated 3.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $126.38 (0.44%) than the resistance at $130.35 (2.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Merck will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.01. We will update the financials statements for Merck, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.53% in the first trading day after earnings release.
Is Merck & Company Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Merck stock to perform well in the short-term.
Current score: 3.640 Buy Candidate Unchanged
Predicted Opening Price for Merck & Company Inc of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$127.08 ( 0.110%) | $126.94 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 128.94 | 1.58 % | |
R2 | 128.23 | 1.02 % | ||
R1 | 127.79 | 0.670 % | ||
Current price: | 126.94 | |||
Support | S1 | 126.37 | -0.449 % | |
S2 | 125.93 | -0.795 % | ||
S3 | 125.22 | -1.35 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 131.95 | 3.95 % | |
R2 | 131.75 | 3.79 % | ||
R1 | 130.35 | 2.69 % | ||
Current price | 126.94 | |||
Support | S1 | 126.38 | -0.441% | |
S2 | 123.85 | -2.43% | ||
S3 | 121.52 | -4.27% |
MRK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 14, 2024 | Apr 05, 2024 | $0.770 | 0.602% |
2 | Nov 28, 2023 | Dec 14, 2023 | Jan 08, 2024 | $0.770 | 0.656% |
3 | Jul 25, 2023 | Sep 14, 2023 | Oct 06, 2023 | $0.730 | 0.703% |
4 | May 23, 2023 | Jun 14, 2023 | Oct 06, 2023 | $0.730 | 0.703% |
5 | Jan 24, 2023 | Mar 14, 2023 | Apr 10, 2023 | $0.730 | 0.648% |
FAQ
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