Merck & Co Inc (MRK) Down 1.08%
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
MRK
(Last Updated October 28, 2020)
Hello! This is the news page for Merck & Co Inc. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
A trend/countertrend situation exists on MRK, in which a downtrend exists on shorter timeframes but an uptrend appears on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.
MRK Moving Averages
The moving averages on MRK indicate a trend that is clearly bearish.
Below is a chart showing MRK’s price with its moving averages.
Merck (MRK) Price Near $76.29; Heads Down For the 2nd Straight Day, in a Downtrend Over Past 30 Days
2 price action traders may also wish to note that we see some doji and pin bar candlestick patterns on mrk.
Merck (MRK) Price Near $78.00; Moves Down For the 2nd Day In A Row, in a Downtrend Over Past 14 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
Merck (MRK) Price Near $78.88; 2 Day Up Streak Snapped, in a Downtrend Over Past 14 Days
The change in price came along side change in volume that was up 24.47% from previous day, but down 0.6% from the monday of last week.
Merck (MRK) Price Near $79.20; 3 Day Down Streak Broken
This is a reversal of the price action on the previous hour, in which price moved up.
Merck (MRK) Closes Last Hour Down $-0.06; in a Downtrend Over Past 14 Days, 3 Day Down Streak Snapped
This move happened on lower volume, as yesterday’s volume was down 37.59% from the day before — and down 33.79% from the same day the week before.
Merck (MRK) Closes Prior Hour Down -0.19%; Heads Down For the 3rd Day In A Row, Pin Bar Pattern Appearing on Chart
It’s been a feast for bears operating on an hourly timeframe, as mrk has now gone down 4 of the past 5 hours.
Merck (MRK) Price Near $78.30; Heads Down For the 2nd Day In A Row
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
Merck (MRK) Closes Prior Hour Up 0.09%; in a Downtrend Over Past 30 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
Merck (MRK) Closes Last Hour Down $-0.05; 2 Day Down Streak Ended, in a Downtrend Over Past 30 Days
This move happened on lower volume, as yesterday’s volume was down 13.94% from the day before — and down 20% from the same day the week before.