MRK going short on dow theoryMRK is forming a consistent LH and LL and hence going short. Furthermore, no divergence hence the downtrend is strong.
2.85%
1.23USD
14.519BUSD
58.473BUSD
2.535B
About Merck & Company, Inc.
Sector
CEO
Robert M. Davis
Headquarters
Kenilworth
Website
Employees (FY)
69K
Founded
1891
ISIN
US58933Y1055
Merck & Co., Inc. is a health care company, which engages in the provision of health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products. It operates through the following segments: Pharmaceutical, Animal Health, and Other. The Pharmaceutical segment includes human health pharmaceutical and vaccine products. The Animal Health segment discovers, develops, manufactures, and markets animal health products, such as pharmaceutical and vaccine products, for the prevention, treatment and control of disease in livestock, and companion animal species. The Other segment consists of sales for the non-reportable segments of healthcare services. The company was founded in 1891 and is headquartered in Kenilworth, NJ.
Merck vs. the TrendlineMerck has done little all year, but now there could be signs of a breakout.
The first pattern on today’s chart is the falling trendline along the highs of June and July. MRK tried to break that resistance on August 1 after raising guidance. Short-term sellers kept it in check but prices managed to
MRK to 132MRK (Merck & Co., Inc.) has been consistently rising in a channel since 2022, even during the 2022 bear market.
Consider entering near the channel’s bottom for a potential profit target around 118.39. A breakout could push it to 132 by year-end.
MRK SELLHi, according to my analysis of mrk stock. The stock looks negative. The stock broke the bottom at the 106 level. It also broke the ascending channel to the upside, as shown in the analysis. These are all indications that the stock is still under pressure from sellers. good luck for everbody
#MRK Straddle Detected! Notional Value- 1.6M$.Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
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$MRK with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:MRK after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 77.78%.
Merck: Water slide 🛝The pool-season is about to start, and Merck has already secured its place on the water slide, which should take it further downwards below the support at $110.66. However, there is still a 35% chance that the share might catch a bubbling fountain which could push it above the resistance at $119.65.
MRK - Rising Trend Channel [MID TERM]- MRK is in a rising trend channel in the medium long term.
- The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 95.58.
- The stock has broken up through resistance at 115.
- Volume tops and volume bottoms correspond badly with tops
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