MERCK & COMPANY INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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Type:	Stocks
Ticker:	MRK
ISIN:

MERCK & COMPANY INC. - Daily - Technical analysis published on 12/21/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

11%

44%

My opinion

Bullish above 105.23 USD

My targets

113.77 USD (+3.70%)

118.14 USD (+7.68%)

My analysis

The bullish trend is currently very strong on MERCK & COMPANY INC.. As long as the price remains above the support at 105.23 USD, you could try to benefit from the boom. The first bullish objective is located at 113.77 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 118.14 USD as an objective. Crossing it would then enable buyers to target 126.68 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Proenergyfm. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The MERCK & COMPANY INC. rating is 109.71 USD. On the day, this instrument gained +0.25% with the lowest point at 109.16 USD and the highest point at 110.66 USD. The deviation from the price is +0.50% for the low point and -0.86% for the high point.

109.16

110.66

109.71

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by MERCK & COMPANY INC.:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this MERCK & COMPANY INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	86.90	93.58	97.32	109.71
Change (%)	-20.79%	-14.70%	-11.29%	-
Change	-22.81	-16.13	-12.39	-
Level	Major	Major	Intermediate	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	107.53	108.34	109.03	109.84	110.53	111.34	112.03
Camarilla	109.30	109.44	109.57	109.71	109.85	109.99	110.12
Woodie	107.46	108.31	108.96	109.81	110.46	111.31	111.96
Fibonacci	108.34	108.92	109.27	109.84	110.42	110.77	111.34

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	100.92	103.77	106.48	109.33	112.04	114.89	117.60
Camarilla	107.67	108.18	108.69	109.20	109.71	110.22	110.73
Woodie	100.86	103.74	106.42	109.30	111.98	114.86	117.54
Fibonacci	103.77	105.89	107.20	109.33	111.45	112.76	114.89

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	87.95	92.32	100.86	105.23	113.77	118.14	126.68
Camarilla	105.85	107.03	108.22	109.40	110.58	111.77	112.95
Woodie	90.04	93.36	102.95	106.27	115.86	119.18	128.77
Fibonacci	92.32	97.25	100.30	105.23	110.16	113.21	118.14

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):	62.61
MACD (12,26,9):	2.3100
Directional Movement:	13.03
AROON (14):	14.29
DEMA (21):	111.27
Parabolic SAR (0,02-0,02-0,2):	107.04
Elder Ray (13):	0.92
Super Trend (3,10):	105.34
Zig ZAG (10):	109.71
VORTEX (21):	1.1600
Stochastique (14,3,5):	51.08
TEMA (21):	110.75
Williams %R (14):	-44.24
Chande Momentum Oscillator (20):	0.39
Repulse (5,40,3):	-0.0800
ROCnROLL:	1
TRIX (15,9):	0.3900
Courbe Coppock:	3.74

MA7:	109.71
MA20:	108.79
MA50:	102.01
MA100:	94.51
MAexp7:	109.55
MAexp20:	107.90
MAexp50:	102.77
MAexp100:	97.38
Price / MA7:	-0%
Price / MA20:	+0.85%
Price / MA50:	+7.55%
Price / MA100:	+16.08%
Price / MAexp7:	+0.15%
Price / MAexp20:	+1.68%
Price / MAexp50:	+6.75%
Price / MAexp100:	+12.66%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on MERCK & COMPANY INC.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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