Is Merck & Co., Inc. technically bullish or bearish?

As of 31 October 2025, the technical trend for Merck & Co., Inc. has changed from mildly bearish to mildly bullish. The current stance is mildly bullish, driven by a mildly bullish MACD on the daily timeframe and mildly bullish moving averages. However, the weekly MACD is mildly bullish while the monthly MACD remains bearish, indicating mixed signals across different timeframes. Additionally, the Dow Theory shows a mildly bearish signal on the weekly chart but is mildly bullish on the monthly chart.
In terms of performance, Merck has underperformed the S&P 500 across multiple periods, with a year-to-date return of -15.70% compared to the S&P 500's 16.30%, and a one-year return of -17.69% versus 19.89% for the index.