Technical Analysis of MERCK & CO. INC.(NYSE:MRK) stock

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)

52 Wk Range

ST Trend

LT Trend

94.07

15.32 - 92.87

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.

ENTRY	EXIT	DISTANCE	CAPITAL
92.88	86.35	6.53 (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.

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

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

92.32 +1.91 (+2.11%)

Technical Rating

Statistics

Support/Resistance Analysis

Setup Analysis

Setup Rating

Possible Trading Setup

MERCK & CO. INC.92.32

Technical Stock Screener Links

Technical Stock Screener

Best Technical Competitors Stock Screener

Best Technical Setups Competitors Stock Screener