US stocks · Open long, week 19
Merck sheds 3%: MACD has lost thrust for 4 weeks, but the ADX keeps climbing
Our view last week
Merck stock adds 1.3%, but this time 60% of the weekly volume goes through on the sell side, after 82% on the buy side a week ago. The price action confirms the slowdown: the daily upper Bollinger Band, in the 152.8 area, pushed the price back again, and the MACD histogram has been falling for 3 weeks. Weekly technical analysis still shows a trend that holds, with the ADX rising for 6 weeks, and a trade up 21.54% since entry.
This week's summary
Merck stock sheds 3% and snaps a 2-week advance: the daily upper Bollinger Band, in the 151.5 area, turned the price back once more, as it did a week ago. The price action has grown more cautious, and weekly technical analysis shows a MACD histogram falling for 4 weeks and money flow still positive but weakening. The trend holds, though: the ADX has been rising for 7 weeks and the trade is up 17.88% since entry. Earnings are due on October 29.
IQS Phase
56
ordinary
Signal Strength
38
medium · weak
Sizing
REDUCED
Ranking
#76 / 93
US stocks in progress
Trade P&L %
+17.88%
from signal to date, no stop loss
Merck (MRK) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 76th among the 93 Longs already running for US stocks in our ranking, with a signal strength of 38 out of 100.
Sector context
SectorHealth Care
Benchmark ETFXLV
Sector regimein positive regime
Performanceweekly -2.65% · monthly -3.91%
MRK belongs to the health care sector (reference ETF XLV). The sector is classified in positive regime according to our weekly reading.
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