Merck MRK Trading Advice

September 26, 2021, 13:30 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Merck (NYSE: MRK) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MRK change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if MRK is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for MRK too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for MRK

• Buy MRK slightly over 66.31 target 73.85 stop loss @ 66.12 Details

The technical summary data tells us to buy MRK near 66.31 with an upside target of 73.85. This data also tells us to set a stop loss @ 66.12 to protect against excessive loss in case the stock begins to move against the trade. 66.31 is the first level of support below 73.61 , and by rule, any test of support is a buy signal. In this case, support 66.31 would be being tested, so a buy signal would exist.

• Short MRK under 73.85, target 66.31, stop loss @ 74.06 Details

The technical summary data is suggesting a short of MRK as it gets near 73.85 with a downside target of 66.31. We should have a stop loss in place at 74.06though. 73.85 is the first level of resistance above 73.61, and by rule, any test of resistance is a short signal. In this case, if resistance 73.85 is being tested, so a short signal would exist.

Swing Trading Plans for MRK

• Buy MRK slightly over 73.85, target 78.15, Stop Loss @ 73.64 Details

If 73.85 begins to break higher, the technical summary data tells us to buy MRK just slightly over 73.85, with an upside target of 78.15. The data also tells us to set a stop loss @ 73.64 in case the stock turns against the trade. 73.85 is the first level of resistance above 73.61, and by rule, any break above resistance is a buy signal. In this case, 73.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MRK near 73.85, target 73.16, Stop Loss @ 74.06. Details

The technical summary data is suggesting a short of MRK if it tests 73.85 with a downside target of 73.16. We should have a stop loss in place at 74.06 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 73.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MRK

• Buy MRK slightly over 73.85, target 74.43, Stop Loss @ 73.68 Details

If 73.85 begins to break higher, the technical summary data tells us to buy MRK just slightly over 73.85, with an upside target of 74.43. The data also tells us to set a stop loss @ 73.68 in case the stock turns against the trade. 73.85 is the first level of resistance above 73.61, and by rule, any break above resistance is a buy signal. In this case, 73.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MRK near 73.85, target 73.49, Stop Loss @ 74.02. Details

The technical summary data is suggesting a short of MRK if it tests 73.85 with a downside target of 73.49. We should have a stop loss in place at 74.02 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 73.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

MRK Ratings for September 26:

Term →	Near	Mid	Long
Rating	Strong	Weak	Neutral
P1	0	0	66.31
P2	73.49	70.96	73.85
P3	74.43	73.16	78.15

Support and Resistance Plot Chart for MRK

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