The Hourly View for Merck
- At the moment, MRK’s price is up $0.06 (0.07%) from the hour prior.
- The hourly chart shows that Merck has seen 3 straight up hours.
- 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 Merck. Given that we see an uptrend 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 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Merck’s hourly price chart is shown below.
The Daily View for Merck
- At the moment, MRK’s price is up $1.14 (1.29%) from the day prior.
- It’s been a feast for bulls operating on the daily timeframe, as Merck has now gone up 4 of the past 5 days.
- As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe.
- The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
- Divergence between MRK’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in MRK’s price.
Below is a daily price chart of Merck.
Latest News Discussing MRK
- The Zacks Analyst Blog Highlights Exxon Mobil, Merck & Co, Chevron, American Electric Power and The Southern – Santanu Roy
August 9, 2022Exxon Mobil, Merck & Co, Chevron, American Electric Power and The Southern are part of Zacks Analyst Blog.
- NuVasive (NUVA) Q2 Earnings Miss Estimates, Revenues Beat – Zacks Equity Research
August 8, 2022NuVasive’s (NUVA) Q2 revenues outpaced the consensus mark with strong sales across U.S. Spinal Hardware and Surgical Support businesses.
- 5 High-Flying U.S. Corporate Giants to Buy Despite Volatility – Nalak Das
August 8, 2022We have narrowed our search to five U.S. corporate giants. These are; XOM, CVX, AEP, MRK and SO.
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