Merck Company, Inc. (MRK) stock price declined in its latest intraday trading after colliding with the resistance of its 50-day SMA, which exposed the stock to negative pressure amid the dominance of a short-term corrective bearish wave, while also being affected by a previous break below an upward trend line. In the background, we notice the beginning of negative signals emerging from the Stochastic indicators after reaching deeply overbought levels in an exaggerated manner compared to the stocks movement.

Therefore we expect the stock price to decline in its upcoming trading, as long as it remains below the $115.00 resistance level, targeting the $107.90 support level.

Todays price forecast: Bearish