$MRK UndervaluedHigh Quality and Undervalued NYSE:MRK
These eight indicators are all Bullish.
If you owned NYSE:MRK for the last 5 years, then you have doubled your investment.
There is no guarantee of the future but it looks like the near future target price is $121
Earnings Date: 27th April 2023
On-balance volume (OBV): Bullish
Accumulation/distribution line: Bullish
Average directional index (ADX): Bullish
Aroon oscillator: Bullish
Moving average convergence divergence (MACD): Bullish
Relative strength index (RSI): Bullish
Stochastic oscillator: Bullish
Trend based on moving average crossover strategy: Bullish
MRK
4/5 Watchlist + NotesInitial Notes - Personally did not trade today, Analysis was on point, rest of week should be exciting
SPY - So it looks like scenario 3 that I mentioned on my list last night played out today. We saw both targets to the upside and downside get hit. Premarket we were about 15 cents off of the upside target before opening and pushing higher than yesterdays high. We then saw a sell off during the day to hit our downside target and also create a bearish engulfing, which was scenario 3 mentioned yesterday. I did not get to trade today due to being extremely busy with my personal life, but I was still very happy to see that my analysis was on point, making us 2/2 on the week for predictions. (FOR TOMORROW) Tomorrow I am looking for downside, plain and simple. With the bearish engulfing now created, overextension/exhaustion starting to kick in, and potential for us to create a failed 2U on the weekly chart all tells me that we have some decently bearish catalysts for tomorrow's session. I do not have a specific target for tomorrow to the downside, but if you look at the chart attached to this watchlist, you can see that we formed a broadening expansion on the daily. I am hoping to get close to, test, or surpass the bottom trend line. We must keep in mind that although these engulfing setups typically play out well (The last 7 on SPY's daily have resulted in correct movement in the engulfing candles direction or inside days following), it does not guarantee that we follow suit and see downside. We are still not confirmed reversing yet on longer time frames, but today could very well be the beginning, or sign that we are close to reversing. OVERALL: I want to see us head further down. My rough estimate/target to the downside is 406.43. IF we are lucky then we could see as low as 404.
Watchlist + Bias
MRK 2-1 Daily: Neutral
CRM 2-1 Daily: Bearish
MRNA 2-1 Daily: Neutral
UNH 2-1 Daily: Slightly Bearish
DOCU - 1-3 Daily and 2-1-1 Weekly: BEARISH
SQ - 3-1 Weekly: Neutral
Previous and Tomorrows Main Watch: DOCU + SHOP
SHOP - Neutral on this one. It played out the way we wanted too, but did not hit the target we expected, and was choppy all day. Overall I count this as a win because it followed our criteria and played out as expected, but was hard to catch an entry on if anyone did/tried to, and did not move as much as I had hoped for.
DOCU - We STILL have not broken out of the weekly inside setup. Today ended the same as SPY. Bearish Engulfing, with SPY looking like it could reverse any day now, I have to be bearish on DOCU as well. As far as winner/loser status goes for today, I respectfully think this one was an L. It opened under long entry and pushed up slightly above that entry during the first 10 mins of market open before being shot down along with SPY. I personally did not take this trade, but I can see why it may have been a losing trade. For tomorrow, I think a test of the weekly short entry is inevitable, and I will be watching closely to get in some 1-2 week out puts, as well as some close expiry contracts for a day trade. Weekly short trigger is at 56.01. Targets set at 55.24 and 54.86
Watchlist Stats:
2/2 SPY Predictions
2/3 Main Watch Plays
Top Winner: SQ 23%+
Personal Stats:
0/1 on the week
Overall Red
- Did not trade today so stats remain the same.
Lets make some money tomorrow! Good Luck all!
(MRK) - Price Targets & Stop Loss 📈 What’s up investors! 📉
Welcome back to another one of
💡“Mike’s Ideas”.💡
I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy”. Follow for more ideas in the future!!
I have 4 levels marked and colour coded on the Chart.
These levels are:
🔴 Red = Stop Loss
🟢 Green = 1.2:1 Risk Reward Ratio
🟡 Yellow = 1.5:1 Risk Reward Ratio
🔵 Blue = 2:1 Risk Reward Ratio
👀 So what are we looking at today…!!!
🚨(MRK) Merck & Co., Inc.🚨
Operates as a healthcare company worldwide. It operates through two segments, Pharmaceutical and Animal Health. The Pharmaceutical segment offers human health pharmaceutical products in the areas of oncology, hospital acute care, immunology, neuroscience, virology, cardiovascular, and diabetes, as well as vaccine products, such as preventive pediatric, adolescent, and adult vaccines. The Animal Health segment discovers, develops, manufactures, and markets veterinary pharmaceuticals, vaccines, and health management solutions and services, as well as digitally connected identification, traceability, and monitoring products. It serves drug wholesalers and retailers, hospitals, and government agencies; managed health care providers, such as health maintenance organizations, pharmacy benefit managers, and other institutions; and physicians and physician distributors, veterinarians, and animal producers. The company has collaborations with AstraZeneca PLC; Bayer AG; Eisai Co., Ltd.; Ridgeback Biotherapeutics; and Gilead Sciences, Inc. to jointly develop and commercialize long-acting treatments in HIV. Merck & Co., Inc. was founded in 1891 and is headquartered in Kenilworth, New Jersey.
MRK | Time for Puts | MerckMerck & Co., Inc. operates as a healthcare company worldwide. It operates through two segments, Pharmaceutical and Animal Health. The Pharmaceutical segment offers human health pharmaceutical products in the areas of oncology, hospital acute care, immunology, neuroscience, virology, cardiovascular, and diabetes, as well as vaccine products, such as preventive pediatric, adolescent, and adult vaccines. The Animal Health segment discovers, develops, manufactures, and markets veterinary pharmaceuticals, vaccines, and health management solutions and services, as well as digitally connected identification, traceability, and monitoring products. It serves drug wholesalers and retailers, hospitals, and government agencies; managed health care providers, such as health maintenance organizations, pharmacy benefit managers, and other institutions; and physicians and physician distributors, veterinarians, and animal producers. The company has collaborations with AstraZeneca PLC; Bayer AG; Eisai Co., Ltd.; Ridgeback Biotherapeutics; and Gilead Sciences, Inc. to jointly develop and commercialize long-acting treatments in HIV. Merck & Co., Inc. was founded in 1891 and is headquartered in Kenilworth, New Jersey.
Merck has Potential. MRKDivergent on the downside across multiple timeframes. Betting on a triangle B formation, now due for a C Wave to the upside. No confirmation yet. Speculating that this might be a very short term event.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Merck & Company Analyze💊!!!Merck & Co., Inc. is an American multinational pharmaceutical company headquartered in Rahway, New Jersey. It is named after the Merck family, which set up Merck Group in Germany in 1668. The company does business as Merck Sharp & Dohme outside the United States and Canada.
Merck was able to break the support lines. For now, it completed its pullback to support lines.
I expect that Merck will go down at least to the lower line of descending channel.
Merck & Company Analyze ( MRKUSD) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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Merck and Company slowing down? Merck and Company
Short Term
We look to Sell at 93.34 (stop at 96.33)
We look to sell rallies. Price action looks to be forming a top. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 86.55 and 83.96
Resistance: 92.00 / 95.00 / 100.00
Support: 86.50 / 83.50 / 80.00
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Merck heading down as well. MRKOne more huge pharma firm that is biting the dust. A giant flat with a C wave confirmed. No way but down on this one.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
6/20/22 MRKMerck & Company, Inc. ( NYSE:MRK )
Sector: Health Technology (Pharmaceuticals: Major)
Market Capitalization: $213.987B
Current Price: $84.62
Breakout price: $91.40
Buy Zone (Top/Bottom Range): $83.60-$79.90
Price Target: $103.20-$105.80
Estimated Duration to Target: 672-696d
Contract of Interest: $MRK 1/19/24 85c
Trade price as of publish date: $10.17/contract
MRK - Lower Volatility PeriodMRK has seen strong bullish movement in the past, right now it is in recovery phases of its last bearish move
This can be compared to an earlier phase in price development (in rectangle boxes)
Once this recovery is completed strong bullish movement should ensue, pushing price above the trend line in white
50MA is in white
Merck gaining momentum. MRKImmediate targets 85, 86. Invalidation at 76.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Merck and Co. gearing for a boost. MRKAnd that's expected to an extent after a sizeable and quick drop. Merck did one, and fractally we are due to a rise that can potentially be viable percentage wise. But who knows what will happen.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
MERCK ANALYSISI would like to see MERCK pull back to $81-82 range. With news coming out of FDA approval of their COVID pill it will be a quick spike to the 85-95 range and then a pullback. Approval should happen the first or second week of December. Looking at options calls for $83 if stock pulls back to $81-82.
MRKWith the recent news and with everything going on, I feel like MRK is one swing that could be very beneficial. The dip was formed by a bearish flag pattern, and is followed up with news. Right now I am seeing many bullish patterns, but I'm watching for an uptrend then a small down trend to complete the bullish pennant I have in mind. I graphed the RSI with what my expectation of the graph is going to do.
20 years is a long wait, will Merck regain its glorious days ?Study this article carefully !
From a consumer perspective, if these pills are proven safe and effective with minimal side effects, I am sure the take up rate would be much higher , better still if they can be sold at pharmacies and other distribution outlets for easy access. Jabs take a longer time and the process is much longer as it requires the administration by a qualified staff from the healthcare sector. This takes time on both ends and delay the rates of vaccination to some extent.
Let's wait patiently and see which stock shows a more bullish signs in the coming weeks.
$MRK Breaking out of two year accumulation zone into new ATH's.Merck is looking primed for a run into the $90's or higher after breaking 2 years of accumulation on the weekly chart. Ideally I want to see this hold the $84 support level and then bounce back through the all time high's.
There is also huge call flow the past two days. One option chain that is getting some attention is Nov 19 $90 calls.
Morgan Stanley also raised guidance from $88 to $90 and maintained equal-weight on the stock.
Bullish.