Merck & Co Inc (MRK) Makes Big Move Relative to Two Week Trend, Down 2.68%; in a Downtrend Over Past 30 Days

The Hourly View for MRK

Last Updated March 1, 2021, 12:44 GMT

Currently, MRK’s price is down $-0.64 (-0.86%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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 72.62 US dollars, down 2.68% ($2) since the day prior. As for how volume fared, yesterday’s volume was up 61.9% from the previous day (Saturday), and up 27.09% from Sunday of the week before. Let’s take a look at the daily price chart of Merck & Co Inc.


Merck & Co Inc Technical Analysis

Volatility for Merck & Co Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 14 days Merck & Co Inc’s price has gone down 8 them.

Overheard Around the Web

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

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    PLTR Palantir Technologies specializes in big data analytics.PLTR

    DPW: Ault Global Has EV Electronic Wing and BTC block chaing mining wing.also purchased NTN Buzztime. Soon you will see like BLNK MARA RIOT. $20+ to50+ in no time. just enter now and keep long.

    IDEX: Ideanomics, Inc.Global company focused EV batteries and electricity and BLOCK chain Bitcoin as well as financing and charging solutions IDEX goes 20+ to 30+. enter early.
    EV and BITCOIN BLOCK Chain. High potential
    $SWN $GM $EBON $MRK.. all check all enter.