MERCK & CO. INC. (MRK)       102.94  -0.52 (-0.5%)

102.94  -0.52 (-0.5%)

US58933Y1055 - Common Stock - After market: 102.93 -0.01 (-0.01%)

Technical Rating

5

Taking everything into account, MRK scores 5 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.



Looking at the yearly performance, MRK did better than 87% of all other stocks. We also observe that the gains produced by MRK over the past year are nicely spread over this period.
MRK is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 78% of 260 stocks in the same industry.
MRK is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so MRK slightly outperforms the market at the moment.
MRK has an average volume of 9102080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
In the last month MRK has a been trading in the 96.36 - 115.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Statistics

1 Month 3 Months 6 Months 12 Months -9.42% 3.77% 17.77% 31.03% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 87.72 72.875 - 115.49
MRK Weekly chart
MRK Daily chart

Support/Resistance Analysis


83.57

115.99
3 important support areas can be observed.
  • A support zone ranging from 102.93 to 102.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @92.80 from a trend line in the weekly time frame.
  • A support zone ranging from 84.41 to 84.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
  • A resistance zone ranging from 114.84 to 114.84. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

4

MRK has an average technical rating and the quality of the presented setup is also 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.


MRK Daily chart

MERCK & CO. INC.102.94

NYSE:MRK (2/3/2023, 7:04:00 PM)-0.52 (-0.5%)

After market: 102.93 -0.01 (-0.01%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Pharmaceuticals

Performance
Today -0.5% 1 Week -2.32%
2 Weeks -6.37% 1 Month -9.42%
3 Month 3.77% 6 Month 17.77%

Volatility
ATR(14) 2.78 ATR(20)% 2.63%
ATR Inc 27.2% Range Today 1.31

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 87.72 Mansfield 0.76
10 Day High 110.36 10 Day Low 96.36
20 Day High 115.49 20 Day Low 96.36
52 Week High 115.49 52 Week Low 72.88
CS1 End 102.93 CR1 Start 114.84

Volume & EV
DER(3) -2.1% DER(5) 0.34%
Volume 11.21M Volume Incr 23.49%
Vol(5) 10.39M Vol(50) 9.10M

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