MERCK & COMPANY INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	MRK
ISIN:

MERCK & COMPANY INC. - Daily - Technical analysis published on 12/27/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 109.22 USD

My targets

113.77 USD (+1.71%)

118.14 USD (+5.61%)

My analysis

The bullish trend is currently very strong on MERCK & COMPANY INC.. As long as the price remains above the support at 109.22 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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 111.86 USD. On the day, this instrument gained +0.56% and was between 110.87 USD and 112.13 USD. This implies that the price is at +0.89% from its lowest and at -0.24% from its highest.

110.87

112.13

111.86

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this MERCK & COMPANY INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near horizontal support

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	93.58	97.32	109.22	111.86
Change (%)	-16.34%	-13.00%	-2.36%	-
Change	-18.28	-14.54	-2.64	-
Level	Major	Intermediate	Major	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	109.85	110.36	111.11	111.62	112.37	112.88	113.63
Camarilla	111.51	111.63	111.75	111.86	111.98	112.09	112.21
Woodie	109.97	110.42	111.23	111.68	112.49	112.94	113.75
Fibonacci	110.36	110.84	111.14	111.62	112.10	112.40	112.88

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	68.44
MACD (12,26,9):	2.2700
Directional Movement:	16.38
AROON (14):	14.29
DEMA (21):	112.07
Parabolic SAR (0,02-0,02-0,2):	107.34
Elder Ray (13):	1.60
Super Trend (3,10):	106.36
Zig ZAG (10):	111.86
VORTEX (21):	1.1200
Stochastique (14,3,5):	86.21
TEMA (21):	111.59
Williams %R (14):	-5.58
Chande Momentum Oscillator (20):	2.49
Repulse (5,40,3):	1.8100
ROCnROLL:	1
TRIX (15,9):	0.3500
Courbe Coppock:	3.27

MA7:	110.31
MA20:	109.54
MA50:	103.25
MA100:	95.26
MAexp7:	110.67
MAexp20:	108.81
MAexp50:	103.75
MAexp100:	98.19
Price / MA7:	+1.41%
Price / MA20:	+2.12%
Price / MA50:	+8.34%
Price / MA100:	+17.43%
Price / MAexp7:	+1.08%
Price / MAexp20:	+2.80%
Price / MAexp50:	+7.82%
Price / MAexp100:	+13.92%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on MERCK & COMPANY INC. at the time of the analysis were as follows:

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

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