MERCK & COMPANY INC. - Daily - Technical analysis published on 01/09/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
One daily analysis for free from 
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 103.87 USD
My targets
116.43 USD (+2.33%)
119.97 USD (+5.44%)
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 103.87 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.
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
0
10
8
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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 113.78 USD. On the day, this instrument lost -0.92% and was between 113.78 USD and 114.93 USD. This implies that the price is at 0% from its lowest and at -1.00% from its highest.113.78
114.93
113.78
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of MERCK & COMPANY INC. indicates that the overall trend is strongly bullish. 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, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 93.58 | 97.32 | 112.12 | 113.78 |
| Change (%) | -17.75% | -14.47% | -1.46% | - |
| Change | -20.20 | -16.46 | -1.66 | - |
| Level | Major | Minor | Major | - |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 112.66 | 113.35 | 114.10 | 114.79 | 115.54 | 116.23 | 116.98 |
| Camarilla | 114.44 | 114.58 | 114.71 | 114.84 | 114.97 | 115.10 | 115.24 |
| Woodie | 112.68 | 113.37 | 114.12 | 114.81 | 115.56 | 116.25 | 117.00 |
| Fibonacci | 113.35 | 113.90 | 114.24 | 114.79 | 115.34 | 115.68 | 116.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.06 | 107.27 | 111.06 | 113.27 | 117.06 | 119.27 | 123.06 |
| Camarilla | 113.19 | 113.74 | 114.29 | 114.84 | 115.39 | 115.94 | 116.49 |
| Woodie | 105.84 | 107.67 | 111.84 | 113.67 | 117.84 | 119.67 | 123.84 |
| Fibonacci | 107.27 | 109.57 | 110.98 | 113.27 | 115.57 | 116.98 | 119.27 |
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): | 71.21 | |
| MACD (12,26,9): | 2.0800 | |
| Directional Movement: | 20.46 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 113.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 110.04 | |
| Elder Ray (13): | 2.48 | |
| Super Trend (3,10): | 109.76 | |
| Zig ZAG (10): | 114.22 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 89.05 | |
| TEMA (21): | 113.54 | |
| Williams %R (14): | -19.79 | |
| Chande Momentum Oscillator (20): | 4.42 | |
| Repulse (5,40,3): | 0.5800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2700 | |
| Courbe Coppock: | 5.56 |
| MA7: | 112.51 | |
| MA20: | 111.06 | |
| MA50: | 106.46 | |
| MA100: | 97.46 | |
| MAexp7: | 112.98 | |
| MAexp20: | 111.09 | |
| MAexp50: | 106.38 | |
| MAexp100: | 100.51 | |
| Price / MA7: | +1.13% | |
| Price / MA20: | +2.45% | |
| Price / MA50: | +6.88% | |
| Price / MA100: | +16.75% | |
| Price / MAexp7: | +0.71% | |
| Price / MAexp20: | +2.42% | |
| Price / MAexp50: | +6.96% | |
| Price / MAexp100: | +13.20% |
Quotes :
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15 min delayed data
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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:
- How Merck Is Prioritizing Diversity in Clinical Trials and Why It's So Important
- Merck Video: What the “Great Resignation” Taught Us About Workplace Culture
- Merck Leaders Recognized As Influential Women Executives
- In Burkina Faso, a Personal Mission To Make a Difference in One Community
-
Merck
This member declared not having a position on this financial instrument or a related financial instrument.
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