MRK.DE pushes through prior session high

Merck Kommanditgesellschaft auf Aktien (MRK.DE) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team


MRK.DE runs into sellers around 85.80 for the third day in a row
MRK.DE closes higher for the 2nd day in a row
MRK.DE pushes through previous session high


Moving higher for the 2nd day in a row, MRK.DE finished the week 0.73% higher at 85.62 after gaining €0.54 (0.63%) today on low volume. Closing above Thursday's high at 85.60, the market confirms its breakout through the previous session's high having traded €0.20 above it intraday.

Daily Candlestick Chart (MRK.DE as at Jul 13, 2018):

Daily technical analysis candlestick chart for Merck Kommanditgesellschaft auf Aktien (MRK.DE) as at Jul 13, 2018

Friday's trading range was €0.82 (0.96%), that's below last trading month's daily average range of €1.35. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.

Prices are trading close to a key support level at 84.86. Prices are trading close to the key resistance level at 86.30. Merck ran into sellers again today around 85.80 for the third trading day in a row after having found sellers at 85.60 in the prior session and at 85.70 two days ago.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Buying might accelerate should prices move above the close-by swing high at 86.46 where further buy stops could get triggered. Selling might speed up should prices move below the nearby swing low at 84.24 where further sell stops could get activated.

Market Conditions for MRK.DE as at Jul 13, 2018

Loading Market Conditions for MRK.DE (Merck Kommanditgesellschaft auf Aktien)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Merck Kommanditgesellschaft auf Aktien traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!