Merck & Company (MRK): Building Strength, Paving the Way for Potential Upside
$86.28
Merck & Company (MRK): Building Strength, Paving the Way for Potential Upside
31 Oct 2025, 11:49
Chart & Data from IG
The Dax 40 is showing some signs of weakness after an engulfing red candlestick last Thursday, taking the index to the support of 18,622. Currently, the German index is trading at around 18,792. We can see that the near-term support here is now the area highlighted by the green oval. A break below this area could see the index slide lower towards the area of 18,400-18,500. The resistance for the near-term is the level of 18,847 followed by the all-time high of 18,935. A break above 18,935 could lead to a push towards 19,000 as this would be the next psychological resistance point. The MACD on the daily chart seems like it is starting to falter, with a possible bearish divergence highlighted by the white trendline. We can also see that the volume has lowered, suggesting a stalling momentum. However, the RSI is still positive as it reads 65.