Merck (MRK) Closes Prior Hour Down -0.16%; in an Uptrend Over Past 30 Days

The Hourly View for MRK

Last Updated September 14, 2020, 13:9 GMT

At the moment, MRK’s price is up $0.62 (0.75%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning below it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50 and 100 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Merck & Co Inc Daily Price Recap

The choppiness in the recent daily price action of Merck & Co Inc continues; to start today, it came in at a price of 84.48 US dollars, up 1.09% ($0.91) since the previous day. The price move occurred on stronger volume; specifically, yesterday’s volume was up 3.74% from the day prior, and up 5.37% from the same day the week before. Let’s take a look at the daily price chart of Merck & Co Inc.


Merck & Co Inc Technical Analysis

The first thing we should note is that the current price of Merck & Co Inc is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Merck & Co Inc’s price has gone down 8 of the previous 14 trading days.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about MRK:

    $VSTM let’s be 100% clear PR states phase 2 will start before the end of the year! So the data on Wednesday will be positive! Since market is crazy over $IMMU we will finally get that attention we deserve on Wednesday! $MRK will buy us out before EOY while we are cheap! Let’s go!