MRK stock: buy or sell
Updated on:
Jan 18th, 2021
2
MRK stock brief
- Merck closed last Friday at $83.38 after moving up a 1.47% and broke a streak of 3 sessions in red.
- Last Friday broke out above its latest top at $83.28
- On January 11, it broke out above $84.50, a resistance not crossed since last November.
- On January 11 broke out above its latest top at $83.28
- Merck & Co., Inc. provides healthcare solutions worldwide.
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 doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $MRK in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Merck stock?
When you own a stock with some profit, it's really hard to decide the good moment to sell and get your benefits. Much like when we have to buy shares, deciding when is appropiate time to sell is not a whimsical decision, and we must follow our own trading style. Our trading system selects very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups are not intended for shorting Merck stock
As a rule of thumb, you should never keep a trade that results in losses greater than those expected upon purchase. The moment to sell your stock must always be ruled by the stop-loss (automatic or manual)
Is it time to sell Merck stock?
Currently, Merck stock doesn't match any of our preferred sell setups, so if you hold Merck shares and your operation is in profit probably is not time to sell now
Merck ratings
We don't have any rating posted in the previous 30 days for Merck
Merck stock analysis
Last Friday, the price broke out over the previous top at $83.28 on the downtrend started in September 2020. Since then, the price action resulted in a 0.12% gain.
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
Since the price surpassed the upper band on January 11, the price corrected downwards by 2.59%. The price is moving very close to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks
Relative strength index
The has been between the overbought and oversold zones for several weeks, and therefore, without this indicator really being helpful in making any decisions.
Merck stock price history
Merck started trading priced at an adjusted price1 of $0.35 on Jan 1970. Since then, MRK stock has risen by 23,722.86%, with an average of 465.15% per year. An investment of thousand dollars at that time would be valued $238,228.57 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Merck stock
Nobody knows how much a stock will be priced tomorrow. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions post their price estimates based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new financial data by the company, and usually. Again, these predictions are not direct recommendations for individual traders and should not be trusted blindly.
In the previous month we couldn't find any price target published for Merck stock.
Earnings and financials
Financial call was hosted by Merck ($MRK) last October after posting the earnings report. MRK posted earnings of $1.74 per share on revenue of $12.6 billion. The market estimate was $1.43 per share on revenue of $12.2 billion.
In contrast, the EPS for the same quarter last year was $1.51, so reported EPS means a gain of 15.23%. Looking at revenue, figures merely moved compared to $124.0B same quarter 12 months ago.MRK ($MRK) is releasing financial report next Wednesday. Estimated for this quarter is $1.38, compared to $1.74 that was reported for Q3.
Merck performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Merck ($MRK) | 3.90% | 6.00% | 6.00% |
Disclaimer:
The comments given in this article are personal and not recommendations for you to buy or sell stocks. The author of this report does not know the specific scenarios of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are provided for general educational reasons onlyMRK summary
| Friday, January 15th, 2021 | |
|---|---|
| Open | $81.84 |
| Close | $83.38 |
| Day range | $81.56 - $83.5 |
| Previous close | $82.17 |
| Session gain | 1.47% |
| Average true range | $2.03 |
| 50d mov avg | $80.82 |
| 100d mov avg | $80.92 |
| 200d mov avg | $79.48 |
| Earnings date | February 3rd, 2021 |