MERCK & COMPANY INC. - 1H - Technical analysis published on 08/03/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 88.18 USD
My targets
84.54 USD (-3.47%)
82.66 USD (-5.62%)
My analysis
The bearish trend is currently very strong for MERCK & COMPANY INC.. As long as the price remains below the resistance at 88.18 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 84.54 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 82.66 USD as an objective. Crossing it would then enable sellers to target 76.51 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MERCK & COMPANY INC. rating is 87.58 USD. The price registered a decrease of -0.03% on the session with the lowest point at 86.76 USD and the highest point at 87.98 USD. The deviation from the price is +0.95% for the low point and -0.45% for the high point.86.76
87.98
87.58
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MERCK & COMPANY INC.:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of MERCK & COMPANY INC. in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 76.51 | 84.54 | 87.42 | 87.58 | 88.18 | 88.91 | 90.40 |
| Change (%) | -12.64% | -3.47% | -0.18% | - | +0.69% | +1.52% | +3.22% |
| Change | -11.07 | -3.04 | -0.16 | - | +0.60 | +1.33 | +2.82 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.87 | 86.21 | 86.91 | 88.25 | 88.95 | 90.29 | 90.99 |
| Camarilla | 87.05 | 87.24 | 87.42 | 87.61 | 87.80 | 87.98 | 88.17 |
| Woodie | 84.55 | 86.05 | 86.59 | 88.09 | 88.63 | 90.13 | 90.67 |
| Fibonacci | 86.21 | 86.99 | 87.47 | 88.25 | 89.03 | 89.51 | 90.29 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.66 | 85.04 | 87.19 | 89.57 | 91.72 | 94.10 | 96.25 |
| Camarilla | 88.09 | 88.51 | 88.93 | 89.34 | 89.76 | 90.17 | 90.59 |
| Woodie | 82.55 | 84.98 | 87.08 | 89.51 | 91.61 | 94.04 | 96.14 |
| Fibonacci | 85.04 | 86.77 | 87.84 | 89.57 | 91.30 | 92.37 | 94.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 78.13 | 82.77 | 86.06 | 90.70 | 93.99 | 98.63 | 101.92 |
| Camarilla | 87.16 | 87.89 | 88.61 | 89.34 | 90.07 | 90.79 | 91.52 |
| Woodie | 77.45 | 82.43 | 85.38 | 90.36 | 93.31 | 98.29 | 101.24 |
| Fibonacci | 82.77 | 85.80 | 87.67 | 90.70 | 93.73 | 95.60 | 98.63 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 39.19 | |
| MACD (12,26,9): | -0.5400 | |
| Directional Movement: | -10.36 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 87.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 88.88 | |
| Elder Ray (13): | -0.41 | |
| Super Trend (3,10): | 89.10 | |
| Zig ZAG (10): | 87.49 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 32.86 | |
| TEMA (21): | 87.41 | |
| Williams %R (14): | -77.03 | |
| Chande Momentum Oscillator (20): | -1.70 | |
| Repulse (5,40,3): | -0.4700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 2.87 |
| MA7: | 89.34 | |
| MA20: | 91.34 | |
| MA50: | 90.51 | |
| MA100: | 87.53 | |
| MAexp7: | 87.71 | |
| MAexp20: | 88.27 | |
| MAexp50: | 89.17 | |
| MAexp100: | 90.00 | |
| Price / MA7: | -1.97% | |
| Price / MA20: | -4.12% | |
| Price / MA50: | -3.24% | |
| Price / MA100: | +0.06% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.78% | |
| Price / MAexp50: | -1.78% | |
| Price / MAexp100: | -2.69% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on MERCK & COMPANY INC. at the time of the analysis were as follows:
-
Merck
- FDA Grants Approval for BAVENCIO® (avelumab), the First Immunotherapy Approved for Metastatic Merkel Cell Carcinoma
-
Merck CEO: We talked about a tax code that helps job creation
- Biothera Pharmaceuticals Initiates Patient Dosing in Phase 2 Trial Investigating Imprime PGG and Merck’s KEYTRUDA® (pembrolizumab)
-
Merck
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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