(Last Updated January 18, 2021)
Welcome to the news page for Merck & Co Inc (MRK). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Perhaps the most noteworthy trend we’re seeing on MRK is at the 14 day level, where a clear uptrend is apparent.
Nuances in the trend on MRK can be understood by observing the behavior of its moving averages. Of the 20, 50, 100, and 200 day averages — three of them (all but the 100) — are bullish, suggesting the trend is generally upward, save for a drop that occurred about 3 months ago.
Below is a chart showing MRK’s price with its moving averages.
This move happened on lower volume, as yesterday’s volume was down 10.23% from the day before — and down 3.02% from the same day the week before.
The price move occurred on stronger volume; specifically, yesterday’s volume was up 12.24% from the day prior, and up 3.44% from the same day the week before.
Or to view things another way, note that out of the past 14 days merck & co inc’s price has gone up 10 them.
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
The change in price came along side change in volume that was down 1.41% from previous day, but up 71.06% from the tuesday of last week.
As for how volume fared, yesterday’s volume was up 90.03% from the previous day (sunday), and up 15.76% from monday of the week before.
This move happened on lower volume, as yesterday’s volume was down 8.14% from the day before — and down 51.08% from the same day the week before.
Here, we have a company that has just aced its phase 3 trial in a fashion that is exceedingly rare in all indications, let alone a very difficult oncology indication called stem cell mobilization.
2 price action traders may also wish to note that we see a doji candlestick pattern on merck.
Y'know, yer name rhymes with so many other words.