MERCK & COMPANY INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	MRK
ISIN:

MERCK & COMPANY INC. - Daily - Technical analysis published on 01/17/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

22%

33%

44%

My opinion

Bullish above 103.87 USD

My targets

114.84 USD (+3.97%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 103.87 USD remains possible. It is advisable to trade MERCK & COMPANY INC. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 103.87 USD. The next bullish objective for buyers is set at 114.84 USD. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 103.87 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

2.9

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 110.45 USD. On the day, this instrument lost -1.60% and was between 110.32 USD and 112.49 USD. This implies that the price is at +0.12% from its lowest and at -1.81% from its highest.

110.32

112.49

110.45

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

Bearish opening

Type : Bearish

Timeframe : Openning

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

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of MERCK & COMPANY INC. in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	93.58	97.32	110.38	110.45	114.84
Change (%)	-15.27%	-11.89%	-0.06%	-	+3.97%
Change	-16.87	-13.13	-0.07	-	+4.39
Level	Major	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	107.51	108.92	109.68	111.09	111.85	113.26	114.02
Camarilla	109.85	110.05	110.25	110.45	110.65	110.85	111.05
Woodie	107.20	108.76	109.37	110.93	111.54	113.10	113.71
Fibonacci	108.92	109.75	110.26	111.09	111.92	112.43	113.26

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	102.84	105.80	109.02	111.98	115.20	118.16	121.38
Camarilla	110.55	111.12	111.68	112.25	112.82	113.38	113.95
Woodie	102.98	105.87	109.16	112.05	115.34	118.23	121.52
Fibonacci	105.80	108.16	109.62	111.98	114.34	115.80	118.16

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	50.95
MACD (12,26,9):	1.1100
Directional Movement:	-0.68
AROON (14):	-21.43
DEMA (21):	112.71
Parabolic SAR (0,02-0,02-0,2):	114.16
Elder Ray (13):	0.02
Super Trend (3,10):	109.73
Zig ZAG (10):	110.45
VORTEX (21):	0.9700
Stochastique (14,3,5):	40.65
TEMA (21):	111.67
Williams %R (14):	-74.78
Chande Momentum Oscillator (20):	-0.63
Repulse (5,40,3):	-0.4700
ROCnROLL:	-1
TRIX (15,9):	0.2000
Courbe Coppock:	1.50

MA7:	111.65
MA20:	111.30
MA50:	107.55
MA100:	98.49
MAexp7:	111.45
MAexp20:	110.93
MAexp50:	107.14
MAexp100:	101.45
Price / MA7:	-1.07%
Price / MA20:	-0.76%
Price / MA50:	+2.70%
Price / MA100:	+12.14%
Price / MAexp7:	-0.90%
Price / MAexp20:	-0.43%
Price / MAexp50:	+3.09%
Price / MAexp100:	+8.87%

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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