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(MACK) Merrimack Pharmaceuticals complete technical analysis [charts+indicators] | Buy/Sell Merrimack Pharmaceuticals | (MACK) share price targets

Complete technical analysis of Merrimack Pharmaceuticals (MACK) by charts plus indicators, forecast predictions and share price targets for Merrimack Pharmaceuticals (MACK)

Merrimack Pharmaceuticals trades in USA in Health Care sector.

Showing technical analysis as on 2024-02-07 View latest technical analysis

10 day averaged volume of Merrimack Pharmaceuticals is 45690

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Feb 2024	13.06	13.22	13.23	13.00	1.517 times
06 Tue Feb 2024	13.25	13.31	13.49	12.96	1.646 times
05 Mon Feb 2024	13.36	13.14	13.39	13.00	2.377 times
02 Fri Feb 2024	13.13	13.25	13.29	13.10	1.322 times
01 Thu Feb 2024	13.30	13.50	13.50	13.27	0.801 times
31 Wed Jan 2024	13.40	13.48	13.56	13.40	0.856 times
30 Tue Jan 2024	13.44	13.36	13.47	13.25	0.654 times
29 Mon Jan 2024	13.41	13.29	13.41	13.20	0.311 times
26 Fri Jan 2024	13.25	13.36	13.48	13.18	0.838 times
25 Thu Jan 2024	13.30	13.38	13.38	13.19	0.549 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 13.1, but if it comes above 13.1, then a intra day buy could be more profitable.
If you take a sell trade below 13.1, then use 13.1 as stoploss and 13 as target. However if you take a buy trade in stock , then use 13.1 as stoploss and 13.24 as target.

Share price targets for Merrimack Pharmaceuticals (MACK)

Target Type	Value
Downside Target	12.00
Downside Target	12.50
Downside Target	12.95
Upside Target	13.21
Upside Target	13.26
Upside Target	13.48
Upside Target	13.49
Upside Target	13.50
Upside Target	13.52
Upside Target	13.56

Intraday share price targets for Merrimack Pharmaceuticals (MACK)

Target Type	Value
Downside Intraday Target	12.85
Downside Intraday Target	12.64
Upside Intraday Target	13.38
Upside Intraday Target	13.7
Upside Intraday Target	13.17

Weekly technical analysis of Merrimack Pharmaceuticals (MACK)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Feb 2024	13.06	13.14	13.49	12.96	1.405 times
02 Fri Feb 2024	13.13	13.29	13.56	13.10	0.981 times
26 Fri Jan 2024	13.25	13.25	13.48	13.00	1.614 times
19 Fri Jan 2024	13.20	13.16	13.21	12.96	2.995 times
12 Fri Jan 2024	13.17	13.26	13.26	13.09	0.206 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Merrimack Pharmaceuticals (MACK)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Wed Feb 2024	13.06	13.50	13.50	12.96	0.446 times
31 Wed Jan 2024	13.40	13.40	13.56	12.96	0.751 times
29 Fri Dec 2023	13.41	12.56	13.52	12.56	1.244 times
30 Thu Nov 2023	12.62	12.28	12.95	12.00	1.468 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Merrimack Pharmaceuticals (MACK)

Price action analysis of Merrimack Pharmaceuticals ( (MACK) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Merrimack Pharmaceuticals ( (MACK) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Merrimack Pharmaceuticals ( (MACK) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Merrimack Pharmaceuticals stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Merrimack Pharmaceuticals in short term but the sell signal is initial and weak.

Merrimack Pharmaceuticals Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Merrimack Pharmaceuticals in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Merrimack Pharmaceuticals is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 13.27 and Merrimack Pharmaceuticals (MACK) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Merrimack Pharmaceuticals (MACK) stock. Volume based technical analysis of Merrimack Pharmaceuticals (MACK) stock is negative.

Merrimack Pharmaceuticals Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.