MERCK & CO. INC. (MRK)       92.32  +1.91 (+2.11%)

92.32  +1.91 (+2.11%)

US58933Y1055 - Common Stock - After market: 92.59 +0.27 (+0.29%)

Technical Rating

Overall MRK gets a technical rating of 8 out of 10. Although MRK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



The long and short term trends are both positive. This is looking good!
MRK is part of the Pharmaceuticals industry. There are 261 other stocks in this industry. MRK outperforms 95% of them.
MRK is currently making a new 52 week high. This is a strong signal. Certainly because the S&P500 Index is currently trading in the lower part of its 52 week range.
In the last month MRK has a been trading in the 83.53 - 92.87 range, which is quite wide. It is currently trading near the high of this range.
MRK has an average volume of 11374400. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, MRK did better than 94% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

Statistics

1 Month 3 Months 6 Months 12 Months 7.26% 20.89% 14.40% 16.60% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 94.07 15.32 - 92.87
MRK Weekly chart
MRK Daily chart

Support/Resistance Analysis


70.96

93.24
4 important support areas can be observed.
  • A support zone ranging from 87.63 to 89.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 84.05 to 85.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @80.36 from a trend line in the weekly time frame.
  • A support zone ranging from 71.68 to 72.62. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

Although MRK has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.


Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
92.8886.356.53 (7.03%)14.22%
An entry @92.88. This is a Buy Stop order right above the 10 day high.An exit @86.35. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 6.53 points, which is 7.03%.When investing 14.22% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MRK Daily chart

MERCK & CO. INC.92.32

NYSE:MRK (5/16/2022, 7:19:10 PM)+1.91 (+2.11%)

After market: 92.59 +0.27 (+0.29%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Pharmaceuticals
Performance
Today 2.11% 1 Week 5.34%
2 Weeks 5.33% 1 Month 7.26%
3 Month 20.89% 6 Month 14.4%
Volatility
ATR(14) 2.25 ATR(20)% 2.25%
ATR Inc -5.26% Range Today 2.19
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 94.07 Mansfield 2.81
10 Day High 92.87 10 Day Low 86.36
20 Day High 92.87 20 Day Low 83.53
52 Week High 92.87 52 Week Low 15.32
CS1 End 89.02 CR1 Start N/A
Volume & EV
DER(3) 0.38% DER(5) 0.68%
Volume 14.00M Volume Incr 14.03%
Vol(5) 13.45M Vol(50) 11.37M

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