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Stock Trend Analysis Report

Prepared for you on Wednesday, December 6, 2023.

Merrimack Pharmaceuticals, Inc. (NASDAQ:MACK)

Countertrend Up (+85) - MACK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid MACK?

MarketClub looks at technical strength and momentum to determine if the timing is right for MACK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low MACK Price Change
12.85 12.90 12.79 12.83 +0.04
Entry Signal

MarketClub’s Trade Triangles for MACK

long term up The long-term trend has been UP since Nov 15th, 2023 at 12.62

intermediate term up The intermediate-term trend has been UP since Nov 15th, 2023 at 12.55

short term down The short-term trend has been DOWN since Nov 28th, 2023 at 12.77

Smart Scan Analysis for MACK

Based on our trend formula, MACK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for MACK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.85 12.90 12.79 12.83 +0.04
Prev. Close Volume Bid Ask Time
12.83 14742 2023-12-05 15:59:58
Year High11.7Year High Date2018-03-09
Year Low3.3401Year Low Date2018-10-19
52wk High13.1552wk High Date2023-05-10
52wk Low10.152wk Low Date2022-12-22
Year End Close6.09Average Volume42,493
Shares Outstanding14,321Short Interest3,605,567
% Institutional47.8Market Cap80M
P/E Ratio71.6667Volatility94.47
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