We assign a technical rating of 0 out of 10 to MMSI. MMSI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, MMSI is a bad performer in the overall market: 81% of all stocks are doing better.
- MMSI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month MMSI has a been trading in the 80.50 - 94.75 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- MMSI is an average performer in the Health Care Equipment & Supplies industry, it outperforms 53% of 185 stocks in the same industry.
The technical rating of MMSI is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
78.20
When analyzing the support we notice one important area.
- A support zone ranging from 78.99 to 81.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @83.02 from a horizontal line in the daily time frame.
- A resistance zone ranging from 85.60 to 87.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 92.87 to 93.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @95.28 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MMSI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MMSI is down. |
| ChartMill Relative Strength | 19.91 | NEGATIVE | MMSI has a low relative strength, it was outperformed by 80.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MMSI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MMSI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MMSI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.72 | NEUTRAL | The RSI value for MMSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.94 | NEGATIVE | The MACD value suggests MMSI has a negative trend. |
| Stochastics (14,3) | 5.27 | OVERSOLD | The low Stochastics value suggests MMSI may be oversold. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for MMSI suggests some volalility. |
| Average Directional Index/ADX (14) | 20.85 | NEUTRAL | The ADX value for MMSI suggests a possible start of a new trend. |
81.75
+0.67 (+0.83%)
MERIT MEDICAL SYSTEMS INC / MMSI FAQ
Can you provide the ChartMill technical rating for MERIT MEDICAL SYSTEMS INC?
ChartMill assigns a technical rating of 0 / 10 to MMSI.
What is the trend direction for MMSI stock?
The current trend direction for MERIT MEDICAL SYSTEMS INC (MMSI) is Bearish.
What is the RSI signal for MERIT MEDICAL SYSTEMS INC (MMSI) stock?
MERIT MEDICAL SYSTEMS INC (MMSI) has an RSI value of 37.7211. This indicates that the stock is currently neutral.
What is the short term momentum for MMSI stock?
The short term momentum for MERIT MEDICAL SYSTEMS INC (MMSI) is negative.
What are the support and resistance levels for MERIT MEDICAL SYSTEMS INC (MMSI) stock?
MERIT MEDICAL SYSTEMS INC (MMSI) has a support level at 81.39 and a resistance level at 83.02. Check the full technical report for our detailed analysis of MMSI support and resistance levels.