MERCK & COMPANY INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	MRK
ISIN:

MERCK & COMPANY INC. - Daily - Technical analysis published on 01/04/2023 (GMT)

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Timeframe : Daily
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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

11%

39%

My opinion

Bullish above 109.22 USD

My targets

116.43 USD (+3.91%)

119.97 USD (+7.07%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MERCK & COMPANY INC. as long as the price remains well above 109.22 USD. The buyers' bullish objective is set at 116.43 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 119.97 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.3

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. price is 112.05 USD. The price registered an increase of +0.82% on the session with the lowest point at 111.94 USD and the highest point at 112.45 USD. The deviation from the price is +0.10% for the low point and -0.36% for the high point.

111.94

112.45

112.05

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

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 LOW record (1 month)

Type : Bearish

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. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	97.32	109.22	111.55	112.05
Change (%)	-13.15%	-2.53%	-0.45%	-
Change	-14.73	-2.83	-0.50	-
Level	Minor	Major	Major	-

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	108.31	108.90	110.02	110.61	111.73	112.32	113.44
Camarilla	110.67	110.83	110.98	111.14	111.30	111.45	111.61
Woodie	108.58	109.03	110.29	110.74	112.00	112.45	113.71
Fibonacci	108.90	109.55	109.96	110.61	111.26	111.67	112.32

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	106.98	108.55	109.75	111.32	112.52	114.09	115.29
Camarilla	110.19	110.44	110.70	110.95	111.20	111.46	111.71
Woodie	106.80	108.46	109.57	111.23	112.34	114.00	115.11
Fibonacci	108.55	109.61	110.26	111.32	112.38	113.03	114.09

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	101.13	103.87	107.41	110.15	113.69	116.43	119.97
Camarilla	109.22	109.80	110.37	110.95	111.53	112.10	112.68
Woodie	101.53	104.07	107.81	110.35	114.09	116.63	120.37
Fibonacci	103.87	106.27	107.75	110.15	112.55	114.03	116.43

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	62.90
MACD (12,26,9):	1.8200
Directional Movement:	5.60
AROON (14):	78.57
DEMA (21):	112.44
Parabolic SAR (0,02-0,02-0,2):	108.53
Elder Ray (13):	-0.24
Super Trend (3,10):	107.11
Zig ZAG (10):	111.14
VORTEX (21):	1.0200
Stochastique (14,3,5):	66.09
TEMA (21):	111.68
Williams %R (14):	-37.88
Chande Momentum Oscillator (20):	-0.41
Repulse (5,40,3):	0.6300
ROCnROLL:	1
TRIX (15,9):	0.2900
Courbe Coppock:	3.50

MA7:	111.32
MA20:	110.17
MA50:	105.09
MA100:	96.47
MAexp7:	111.02
MAexp20:	109.75
MAexp50:	105.10
MAexp100:	99.42
Price / MA7:	+0.66%
Price / MA20:	+1.71%
Price / MA50:	+6.62%
Price / MA100:	+16.15%
Price / MAexp7:	+0.93%
Price / MAexp20:	+2.10%
Price / MAexp50:	+6.61%
Price / MAexp100:	+12.70%

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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