US stock / ETF

Merck & Co., Inc.

MRK · NYSE · USD

4 hoursRange51%
4h Range probability 98%Range

MRK 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Break either side of $142.25 - $152.73 with volume.

Invalidation Trigger

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

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBullish
Momentum improving

RSI 45.3, MACD 0.175

4h
Volatility EnvironmentBullish
Low volatility

ATR is $1.42 (0.98%)

4h

EMA Structure

Bearish
EMA 8$144.21Bullish
EMA 21$145.07Bearish
EMA 50$146.24Bearish

Signals

CategoryReadStrength
Momentum
RSI 45.3 · MACD 0.175

Neutral zone

Strength
Bullish
Volatility
ATR $1.42 · BB 2.75%

Low volatility

Strength
Bullish
Volume
MFI 28.9 · OBV 25.28%

Relative to 20-period average volume

Strength
Range
Price Levels
$142.25 - $152.73

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+6.48% · 6.6 ATR above latest close

$154.15
Nearest resistance

+5.5% · 5.6 ATR above · 34-bar high

$152.73
Current price

Price shown is delayed

$144.77
Nearest support

-1.74% · 1.8 ATR below · 34-bar low

$142.25
Deeper support zone

-2.72% · 2.8 ATR below latest close

$140.83
ATR zone

Latest close ± ATR14

$143.35 - $146.19

Indicators

Trend

Dow Theory Structure

Confirmation $147.09, invalidation $142.25

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

Trend strength is moderate

17.7 / 19.3 / 17.3Bullish
Supertrend (10,3)

Price is above Supertrend

$141.3Bullish
Ichimoku Cloud

Cloud Span A / Span B

$144.97 / $148.79Bearish
Donchian Channel (20)

20-period breakout channel position

38%Bearish

Volatility

ATR (14)

Low volatility

$1.42 (0.98%)Bullish
Bollinger Bands (20,2)

Width 2.75%

55%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$147.36 / $142.62Bullish
ATR channel lower / upper

Current Volatility Envelope

$143.35 / $146.19Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$152.73Range
Support

Nearest Downside Decision Level

$142.25Range

Momentum

RSI (14)

Neutral zone

45.3Range
MACD (12,26,9)

Histogram is positive

0.175Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

52.1 / 41.2Bullish
Williams %R (14)

Neutral zone

-47.9Range
CCI (20)

Balanced zone

12.0Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

28.9Bearish
OBV slope

20-period OBV slope

25.28%Bullish
Volume ratio

Relative to 20-period average volume

2.09xBullish

Trend

Dow Theory Structure

Confirmation $147.09, invalidation $142.25

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

Trend strength is moderate

17.7 / 19.3 / 17.3Bullish
Supertrend (10,3)

Price is above Supertrend

$141.3Bullish
Ichimoku Cloud

Cloud Span A / Span B

$144.97 / $148.79Bearish
Donchian Channel (20)

20-period breakout channel position

38%Bearish

Momentum

RSI (14)

Neutral zone

45.3Range
MACD (12,26,9)

Histogram is positive

0.175Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

52.1 / 41.2Bullish
Williams %R (14)

Neutral zone

-47.9Range
CCI (20)

Balanced zone

12.0Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

Low volatility

$1.42 (0.98%)Bullish
Bollinger Bands (20,2)

Width 2.75%

55%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$147.36 / $142.62Bullish
ATR channel lower / upper

Current Volatility Envelope

$143.35 / $146.19Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

28.9Bearish
OBV slope

20-period OBV slope

25.28%Bullish
Volume ratio

Relative to 20-period average volume

2.09xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$152.73Range
Support

Nearest Downside Decision Level

$142.25Range

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