US stock / ETF

Merck & Co., Inc.

MRK · NYSE · USD

4 hoursRange47%
4h Range probability 94%Range

MRK 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Break either side of $134.88 - $157 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseBullish
Constructive Trend

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 52.7, MACD -1.008

4h
Volatility EnvironmentBullish
Low volatility

ATR is $1.89 (1.25%)

4h

EMA Structure

Bullish
EMA 8$151.79Bearish
EMA 21$150.98Bearish
EMA 50$145.68Bullish

Signals

CategoryReadStrength
Momentum
RSI 52.7 · MACD -1.008

Neutral zone

Strength
Bearish
Volatility
ATR $1.89 · BB 5.46%

Low volatility

Strength
Bullish
Volume
MFI 47.3 · OBV 73.39%

Relative to 20-period average volume

Strength
Range
Price Levels
$134.88 - $157

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+5.3% · 4.2 ATR above latest close

$158.89
Nearest resistance

+4.05% · 3.2 ATR above · 34-bar high

$157
Current price

Price shown is delayed

$150.89
Nearest support

-10.61% · 8.5 ATR below · 34-bar low

$134.88
Deeper support zone

-11.87% · 9.5 ATR below latest close

$132.99
ATR zone

Latest close ± ATR14

$149 - $152.78

Indicators

Trend

Dow Theory Structure

Confirmation $157, invalidation $149

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

21.9 / 20.7 / 28.7Bearish
Supertrend (10,3)

Price is above Supertrend

$144.7Bullish
Ichimoku Cloud

Cloud Span A / Span B

$152.88 / $142.95Bearish
Donchian Channel (20)

20-period breakout channel position

27%Bullish

Volatility

ATR (14)

Low volatility

$1.89 (1.25%)Bullish
Bollinger Bands (20,2)

Width 5.46%

30%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$154.83 / $147.45Bullish
ATR channel lower / upper

Current Volatility Envelope

$149 / $152.78Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$157Range
Support

Nearest Downside Decision Level

$134.88Range

Momentum

RSI (14)

Neutral zone

52.7Range
MACD (12,26,9)

Histogram is negative

-1.008Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

23.6 / 24.6Bearish
Williams %R (14)

Neutral zone

-76.4Range
CCI (20)

Balanced zone

-83.3Range
TD Sequential

Setup is not extreme

buy 7Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

47.3Range
OBV slope

20-period OBV slope

73.39%Bullish
Volume ratio

Relative to 20-period average volume

1.18xBullish

Trend

Dow Theory Structure

Confirmation $157, invalidation $149

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

21.9 / 20.7 / 28.7Bearish
Supertrend (10,3)

Price is above Supertrend

$144.7Bullish
Ichimoku Cloud

Cloud Span A / Span B

$152.88 / $142.95Bearish
Donchian Channel (20)

20-period breakout channel position

27%Bullish

Momentum

RSI (14)

Neutral zone

52.7Range
MACD (12,26,9)

Histogram is negative

-1.008Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

23.6 / 24.6Bearish
Williams %R (14)

Neutral zone

-76.4Range
CCI (20)

Balanced zone

-83.3Range
TD Sequential

Setup is not extreme

buy 7Bullish

Volatility

ATR (14)

Low volatility

$1.89 (1.25%)Bullish
Bollinger Bands (20,2)

Width 5.46%

30%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$154.83 / $147.45Bullish
ATR channel lower / upper

Current Volatility Envelope

$149 / $152.78Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

47.3Range
OBV slope

20-period OBV slope

73.39%Bullish
Volume ratio

Relative to 20-period average volume

1.18xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$157Range
Support

Nearest Downside Decision Level

$134.88Range

Related Forecasts