RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MRK
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Merck stock upgraded to Strong Buy Candidate.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Merck stock price gained 4.96% on the last trading day (Wednesday, 27th Mar 2024), rising from $125.52 to $131.75. It has now gained 4 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 last trading day the stock fluctuated 2.30% from a day low at $130.11 to a day high of $133.10. The price has risen in 7 of the last 10 days and is up by 7.85% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 million more shares were traded than the day before. In total, 16 million shares were bought and sold for approximately $2.09 billion.

The stock lies in the upper part of a weak rising 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 $133.43 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.59% during the next 3 months and, with a 90% probability hold a price between $132.55 and $144.89 at the end of this 3-month period.

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MRK Signals & Forecast

Mostly positive signals in the chart today. The Merck stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $125.16 and $125.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 9.33%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Merck stock

On the downside, the stock finds support just below today's level from accumulated volume at $123.85 and $121.52. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Merck finds support just below today's level at $123.85. If this is broken, then the next support from accumulated volume will be at $121.52 and $118.43.

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 $2.99 between high and low, or 2.30%. For the last week the stock has had daily average volatility of 1.34%.

Our recommended stop-loss: $127.14 (-3.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (MRK) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Merck & Company Inc to open at $131.65, and during the day (based on 14 day Average True Range), to move between $129.43 and $134.07, which gives a possible trading interval of +/-$2.32 (+/-1.76%) up or down from last closing price. If Merck & Company Inc takes out the full calculated possible swing range there will be an estimated 3.53% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $123.85, some $7.90 (6.00%) from the current price of $131.75, our system finds the risk reward attractive.

Is Merck & Company Inc stock A Buy?

Merck 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 analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 5.739 Strong Buy Candidate Upgraded

Predicted Opening Price for Merck & Company Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$131.65 ( 0.0734%) $131.75

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 134.64 2.20 %
R2 133.50 1.33 %
R1 132.80 0.794 %
Current price: 131.75
Support S1 130.51 -0.94 %
S2 129.81 -1.48 %
S3 128.66 -2.34 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 131.75
Support S1 123.85 -6.00%
S2 121.52 -7.76%
S3 118.43 -10.11%

MRK Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 14, 2024 Mar 14, 2024 Apr 05, 2024 $0.770 0.584%
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

What is the symbol for Merck Stock and on which exchange is it traded?
The symbol for Merck is MRK and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Merck Stock?
Merck 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 analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

How to buy Merck Stock?
Merck Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Merck Stock.

What's the current price of Merck Stock?
As of the end of day on the 2024-03-27, the price of an Merck (MRK) share was $131.75.

What is the 52-week high and low for Merck Stock?
The 52-week high for Merck Stock is $133.10 and the 52-week low is $99.14.

What is the market capitalization of Merck Stock?
As of the 2024-03-27, the market capitalization of Merck is 333.675B.

When is the next earnings date for Merck?
The upcoming earnings date for Merck is Apr 25, 2024.
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About Merck & Company Inc

Merck Merck & Co., Inc. operates as a healthcare company worldwide. It operates through two segments, Pharmaceutical and Animal Health. The Pharmaceutical segment offers human health pharmaceutical products in the areas of oncology, hospital acute care, immunology, neuroscience, virology, cardiovascular, and diabetes, as well as vaccine products, such as preventive pediatric, adolescent, and adult vaccines. The Animal Health segment discovers, develops... MRK Profile

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