The Hourly View for MRK
Last Updated September 22, 2020, 00:08 GMT
At the moment, MRK’s price is down $-1.98 (-2.31%) from the hour prior. The hourly chart shows that MRK has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. 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
Merck & Co Inc’s 4 day positive streak has officially concluded, as the candle from yesterday closed down 3.12% ($2.68). The price move occurred on volume that was down 15.54% from the day prior, but up 50.56% from the same day the week before. Below is a daily price chart of Merck & Co Inc.
Merck & Co Inc Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Merck & Co Inc crossed below its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 6 out of the past 10 days.
Overheard Around the Web
Here’s what one trader on StockTwits recently had to say in regards to MRK:
$BMY $ABBV $MRK $PFE blame Trump on big pharma selling off over the past month. Keeps barking about lowering prescription costs but you know it will not last.. its really just politics.