Merck & Co Inc (MRK) Underperforms All mega cap US stocks, Down 0.33%; in a Downtrend Over Past 30 Days

The Hourly View for MRK

Last Updated March 2, 2021, 12:55 GMT

At the time of this writing, MRK’s price is up $0.43 (0.59%) from the hour prior. MRK has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on MRK. Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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

Merck & Co Inc came into today down 0.33% ($0.24) from the open of the day prior, marking the 2nd straight day it has gone down. The change in price came along side change in volume that was down 28.62% from previous day, but up 25.88% from the Monday of last week. Below is a 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. Trend traders will want to observe that the strongest trend appears on the 30 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 19 them.

Overheard Around the Web

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

    $MRK the keytruda news that came out near the close is what must have messed with the stock and now its up AH a bit could this be due to the company is now saving $$ due to ketruda?

    I am just trying to make sense of the sudden drop then it recovered a bit more that 1/2 of that drop at the close and now even more in AH.