MRK technical analysis

Price vs each weekly EMA

• – Latest weekly close: 145.60
• – vs EMA20 137.24: price is above by 6.09%
• – vs EMA50 123.64: price is above by 17.76%
• – vs EMA200 105.07: price is above by 38.57%

EMA stack

• – The weekly EMA stack is bullish: 20 > 50 > 200
• – This stack describes trend, not entry timing

Cross signal

• – Last EMA50/EMA200 cross: golden cross on 2026-01-26, 37 bars ago

What would change this read

• – A weekly close back to 137.24 would remove the current “above EMA20” condition.
• – A weekly close back to 123.64 would remove the current “above EMA50” condition.
• – A weekly close back to 105.07 would remove the current “above EMA200” condition.

MACD vs signal line

• – MACD: 8.35
• – Signal: 8.29
• – Relationship: MACD is above the signal line, which is bullish posture.
• – Last signal-line crossover: bullish on 2026-06-29, 15 weeks ago.

Histogram

• – Histogram: 0.06, so it is positive.
• – Momentum: decelerating, because the 4-bar change is -1.2751.
• – Interpretation: positive histogram still supports bullish momentum, but the recent change shows weakening pace.

Zero-line position

• – MACD is above zero.
• – Last zero-line cross: bullish on 2025-11-03, 49 weeks ago.
• – This is separate from the signal-line crossover: the zero-line cross is the broader weekly trend shift, while the signal-line crossover is the shorter-term timing signal.

Divergence checks

• – Bearish divergence check: none found.
• – Last two price pivots: 2026-08-17 close 152.55 / macd 7.5366 -> 2026-09-21 close 148.78 / macd 9.3164
• – Bullish divergence check: none found.
• – Last two price pivots: 2026-09-07 close 143.93 / macd 9.0899 -> 2026-09-28 close 144.3 / macd 8.9517

What would change this read

• – A move of MACD from 8.3464 to below the signal at 8.2904 would remove the current bullish signal-line posture.
• – A histogram shift from 0.056 to negative would flip the momentum read from positive to negative.
• – A move of MACD from above zero to below zero would reverse the current zero-line bullish condition.

Current RSI

• – Current weekly RSI(14) is 62.32, which is neutral.

Direction over the last four weeks

• – RSI 4 bars ago was 65.24.
• – The direction over that span is falling.

Most recent 70/30 band event

• – The most recent band event was fell back below 70 on 2026-09-07.
• – That was 5 bars ago.

Divergence checks

• – Bearish divergence check: nothing was found. The reported check is none between 2026-08-17 close 152.55/rsi 74.27 and 2026-09-21 close 148.78/rsi 66.34.
• – Bullish divergence check: nothing was found. The reported check is none between 2026-09-07 close 143.93/rsi 63.55 and 2026-09-28 close 144.3/rsi 61.45.

What would change this read

• – If weekly RSI moves back above 70 after having fell back below 70 on 2026-09-07, that would change the band-state context.
• – If weekly RSI drops to 30 or lower, the reading would move from neutral into oversold.
• – If weekly RSI rises above the prior reading 65.24 and continues upward, that would reverse the current falling short-term direction.

• – ATR value and percentage of price: ATR(14) is 7.74, which is 5.32% of price. That means the stock’s typical weekly movement is about 7.74 points around the close of 145.6.
• – Volatility versus eight weeks ago: Volatility is contracting because ATR(14) has moved from 8.15 eight bars ago to 7.74 now.
• – 1x and 2x ATR bands:
• – The 1x ATR band from the close is 137.86 to 153.34, which describes the normal expected weekly range around the latest close.
• – The 2x ATR band from the close is 130.12 to 161.08, which describes a broader expected weekly range. These bands describe expected weekly movement, not a price forecast.

What would change this read:

• – If ATR(14) moved back above 8.15, the contraction read would no longer hold.
• – If the latest weekly close were no longer centered around 145.6, the listed ATR bands 137.86 to 153.34 and 130.12 to 161.08 would need to be recalculated from the new close.
• – If ATR(14) fell further below 7.74, that would indicate even more contraction than the current reading.

• – 52-week range: the high is 156.92 set 2026-08-24, and the low is 82.01 set 2025-11-03.
• – Distance from each side: the latest weekly close of 145.6 is 7.21% below the 52-week high and 77.54% above the 52-week low.
• – What the range position says: at 84.90% of the weekly 52-week range, MRK is in the upper portion of its longer-term cycle, closer to the high than the low; the midpoint of the range is 119.47, and price is above it.

What would change this read

• – A move back to the 52-week low of 82.01 would materially weaken the range position.
• – A move to the 52-week high of 156.92 would put MRK at the top of the weekly range.
• – A drop in the weekly close from 145.6 toward the midpoint of 119.47 would reduce the current upper-range posture.