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MERCK & COMPANY INC.
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. - Weekly - Technical analysis published on 04/16/2024 (GMT)

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  • Timeframe : Weekly
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 116.00 USD
My targets
128.09 USD (+1.90%)
136.96 USD (+8.96%)
My analysis
MERCK & COMPANY INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 116.00 USD. The next resistance located at 128.09 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 136.96 USD. After this resistance, buyers could then target 141.96 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
0
10
7.7

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.

ciuzak2
This analysis was given by ciuzak2. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Daily

Additional analysis

Quotes

The MERCK & COMPANY INC. price is 125.70 USD. Over 5 days, this instrument lost -0.80% and has been traded over the last 5 days between 125.10 USD and 127.11 USD. This implies that the 5 day price is +0.48% from its lowest point and -1.11% from its highest point.

125.10
127.11
125.70

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

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:

Central Records

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 Weekly shows a strongly overall 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Weekly



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 77.60 98.86 116.00 125.70 128.63
Change (%) -38.27% -21.35% -7.72% - +2.33%
Change -48.10 -26.84 -9.70 - +2.93
Level Minor Major Major - 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
Standard123.48124.68125.43126.63127.38128.58129.33
Camarilla125.65125.83126.01126.19126.37126.55126.73
Woodie123.27124.57125.22126.52127.17128.47129.12
Fibonacci124.68125.42125.88126.63127.37127.83128.58


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard121.68123.37124.55126.24127.42129.11130.29
Camarilla124.95125.21125.48125.74126.00126.27126.53
Woodie121.44123.24124.31126.11127.18128.98130.05
Fibonacci123.37124.46125.14126.24127.33128.01129.11


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard109.22114.22123.09128.09136.96141.96150.83
Camarilla128.14129.41130.68131.95133.22134.49135.76
Woodie111.15115.19125.02129.06138.89142.93152.76
Fibonacci114.22119.52122.80128.09133.39136.67141.96

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): 61.47
MACD (12,26,9): 5.2400
Directional Movement: 16.04
AROON (14): 78.57
DEMA (21): 127.65
Parabolic SAR (0,02-0,02-0,2): 120.05
Elder Ray (13): 2.95
Super Trend (3,10): 115.65
Zig ZAG (10): 125.76
VORTEX (21): 1.2800
Stochastique (14,3,5): 65.23
TEMA (21): 130.05
Williams %R (14): -41.70
Chande Momentum Oscillator (20): 5.81
Repulse (5,40,3): -1.5900
ROCnROLL: 1
TRIX (15,9): 0.6800
Courbe Coppock: 25.16
MA7: 126.27
MA20: 126.94
MA50: 125.69
MA100: 118.12
MAexp7: 125.90
MAexp20: 120.89
MAexp50: 113.30
MAexp100: 105.03
Price / MA7: -0.45%
Price / MA20: -0.98%
Price / MA50: +0.01%
Price / MA100: +6.42%
Price / MAexp7: -0.16%
Price / MAexp20: +3.98%
Price / MAexp50: +10.94%
Price / MAexp100: +19.68%

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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