Merck (MRK) Price Near $80.50; in a Downtrend Over Past 30 Days

The Hourly View for MRK

Last Updated October 15, 2020, 02:015 GMT

At the time of this writing, MRK’s price is down $-0.16 (-0.2%) from the hour prior. This is the 2nd straight hour MRK has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

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 80.51 US dollars, down 0.25% ($0.2) since the day prior. As for how volume fared, yesterday’s volume was up 0.35% from the previous day (Tuesday), and up 4.01% from Wednesday of the week before. Let’s take a look at the daily price chart of Merck & Co Inc.

MRK

Merck & Co Inc Technical Analysis

Coming into today the current price of Merck & Co Inc is sitting close to its 20, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 30 days Merck & Co Inc’s price has gone down 16 them.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to MRK:

    $VBIV To put a couple things in perspective 4 every1 why VBIV & VACCINES are the newest FUTURE COMING! Vaccines were always a huge market but a can see this market being 10x stronger in next 5 years easy! 🤟🎯

    Industries (MUST HAVE) that shook up the world & never looked back💪:

    1) Internet, dotcom era, E-Commerce (AMZN BABA , etc)

    2) Technology, Cell phones, Electric Cars ( GOOG AAPL MSFT TSLA , etc)

    3) Social Media, Data Mining (GOOG, FB TWTR TCEHY etc)

    Fast forward to COVID-19😷(2020). We now live in a world where a simple virus can cost TRILLIONS in a matter of weeks. After WW1 & WW2 the US Government alone starting spending Billions, now Trillions on our safety. We have spent over 9B this year alone on trying to get a cure for COVID-19😷!

    🔥VBI Vaccines🔥 has just a 650M market cap currently. You don't think $GSK, $SNY, $PFE , $MRK, CSL (100-200B companies) will eventually buy them up like Facebook did with Instagram/WhatsApp to become stronger? KNOW WHAT YOU OWN!🤑

    WiseInvestor1