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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 2024-02-12 View latest technical analysis

10 day averaged volume of Merrimack Pharmaceuticals is 63420

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	13.99	13.75	14.21	13.72	1.911 times
09 Fri Feb 2024	13.80	13.39	13.85	13.34	1.82 times
08 Thu Feb 2024	13.62	13.05	13.70	12.94	1.348 times
07 Wed Feb 2024	13.06	13.22	13.23	13.00	1.093 times
06 Tue Feb 2024	13.25	13.31	13.49	12.96	1.186 times
05 Mon Feb 2024	13.36	13.14	13.39	13.00	1.712 times
02 Fri Feb 2024	13.13	13.25	13.29	13.10	0.952 times
01 Thu Feb 2024	13.30	13.50	13.50	13.27	0.577 times
31 Wed Jan 2024	13.40	13.48	13.56	13.40	0.617 times
30 Tue Jan 2024	13.44	13.36	13.47	13.25	0.471 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 13.8, for a target of 13.6 or 13.33

Share price targets for Merrimack Pharmaceuticals (MACK)

Target Type	Value
Downside Target	12.00
Downside Target	12.50
Downside Target	12.94
Downside Target	13.48
Downside Target	13.52
Downside Target	13.56
Downside Target	13.72
Downside Target	13.85
Upside Target	14.21

Intraday share price targets for Merrimack Pharmaceuticals (MACK)

Target Type	Value
Downside Intraday Target	13.74
Downside Intraday Target	13.48
Upside Intraday Target	14.23
Upside Intraday Target	14.46
Downside Intraday Target	13.97

Weekly technical analysis of Merrimack Pharmaceuticals (MACK)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	13.99	13.75	14.21	13.72	0.267 times
09 Fri Feb 2024	13.80	13.14	13.85	12.94	2.519 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

Price has moved up 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
12 Mon Feb 2024	13.99	13.50	14.21	12.94	0.856 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 up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Merrimack Pharmaceuticals ( (MACK) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Merrimack Pharmaceuticals ( (MACK) ) based on a short to mid 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.

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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Merrimack Pharmaceuticals in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Merrimack Pharmaceuticals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Merrimack Pharmaceuticals in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 13.51 and Merrimack Pharmaceuticals (MACK) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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