MRK stock: buy or sell
Updated on:
Jul 29th, 2021
2
MRK stock brief
- Merck closed on Wednesday at $78.33 after just changing a 0.62%.
- Merck is presenting its earnings report on Friday
- Price is drawing a scaled uptrend since last April with higher tops and higher bottoms. This rally marked a 13.65% gain
- Merck & Co., Inc. operates as a healthcare company worldwide. It operates through two segments, Pharmaceutical and Animal Health segments.
Should I buy Merck stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $MRK stock a buy?
Currently, Merck stock matches one trading strategy:
Uptrend buy setup
Merck stock continues to trend higher since last April and has marked a gorgeous 13.65% gain. Price marked a local bottom in this uptrend at $75.64 on July 21, and since then it bounced off a 3.56%. Breaking out above $78.77 - it's last top - will be a good entry point if Merck resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $73.37
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $78.77 | $73.37 | 6.85% |
Should I sell Merck stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. Like when we have to buy shares, choosing when is appropiate to sell is not a random decision, and we must follow our own trading style. When selling, as well as buying, our setups are very simple to use and are only applicable for selling stocks in your porfolio, not for selling short $MRK stock
A guiding principle is that you should never hold a trading operation that yields greater losses than those expected at the time of the buy. The moment to sell your stock must always be determined by the stop-loss (automatic or manual)
Is it time to sell Merck stock?
In the current situation of Merck there is not any eligible sell setup, so Merck stock holders with operations in profit can keep their positions
Merck ratings
In the previous 30 days we couldn't find any rating for Merck
Merck stock analysis
Merck stock started an uptrend last April, and grew a gorgeous 13.65%. During this uptrend, the price offered some buy points on the breakouts. Latest low was on July 21, when price bounced at $75.64. Currently, it moves in a consolidation between its last top ($78.77) and its last bottom ($75.64)
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
The evolution of the Bollinger Bands on the chart proves that they are pretty tight (3.34%), which clearly indicates that price volatility is low. The tightness of the Bollinger bands is generally a signal of a sudden price movement (up or down), so we must be on alert and manage our buy or sell orders properly
Relative strength index
When the fluctuates for so long below 70 and above 30, without showing moments of overbought and oversold, the indicator loses its usefulness, and we currently are in one of these cases.
Merck stock price history
Merck went public on Jan 2nd, 1962 at $0.00 per share1. Since then, MRK stock surged by -, with an average of 0.00% per year. If you had invested $1,000USD in Merck stock on Jan 1962, it would have a value of $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Merck stock
Nobody can predict how much a share will be priced tomorrow. Banks and financial organisations publish their analysis predicting how a stock will performance in the future.
Along with buy or sell recommendations, financial institutions post their price estimates based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new financial data by the company, and usually. Again, these forecasts are not direct recommendations for small investors and must not be trusted blindly.
We don't have any target price posted in the last 30 days for Merck.
Earnings and financials
MRK ($MRK) is hosting the earnings call on Friday. Expected for this quarter is $1.44, compared to $1.40 that was reported for Q1. Revenues estimates are $11.5 billion.
You must remember that the price action after the financial report release date usually has a higher volatility that may not respect your stop-loss orders.. Merck's website probably has further information.
Last April, Merck & Co., Inc. ($MRK) posted adjusted EPS for that undercut Wall St. expectations. Quarterly EPS was $1.40 per share compared to the forecasted $1.63. This quarterly report represents an earnings surprise of -14.11%. Forecasted turnover was $12.7 billion but Merck slightly lowered by 4.58%, posting $12.1 billion.
Compared to the same quarter last year, EPS was $1.50, so reported EPS means a drop of -6.67%. Looking at turnover, figures only changed compared to $120.6B same quarter a year ago.Merck performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Merck ($MRK) | 1.70% | 9.70% | 8.40% |
Please read:
The thoughts contained in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this paper does not have an understanding of the individual situations of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are provided for educative reasons onlyMRK summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $77.86 |
| Close | $78.33 |
| Day range | $77.47 - $78.67 |
| Previous close | $77.85 |
| Session gain | 0.62% |
| Average true range | $1.17 |
| 50d mov avg | $75.83 |
| 100d mov avg | $74.22 |
| 200d mov avg | $74.06 |
| Earnings date | July 30th, 2021 |