MERIT MEDICAL SYSTEMS INC (MMSI) Technical Analysis
NASDAQ:MMSI • US5898891040
Current stock price
MMSI Technical Rating and Analysis
Taking everything into account, MMSI scores 1 out of 10 in our technical rating. MMSI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 85% of all other stocks performed better in the past year than MMSI.
- 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.
- MMSI is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- MMSI is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry, MMSI did better than 44% of them.
MMSI Weekly and Daily overview Charts
MMSI Setup Rating and Analysis
MMSI has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 70.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 66.71, a Stop Loss order could be placed below this zone.
More info and screens
MMSI Support and Resistance Analysis
66.04
When analyzing the support we notice one important area.
- A support zone ranging from 66.71 to 66.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 70.58 to 70.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @79.61 from a trend line in the weekly time frame.
- Strong resistance @83.02 from a horizontal line in the daily time frame.
- Resistance @92.97 from a horizontal line in the daily time frame.
- Resistance @96.01 from a horizontal line in the daily time frame.
MMSI Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for MMSI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MMSI is neutral. |
| ChartMill Relative Strength | 15.44 | NEGATIVE | MMSI has a low relative strength, it was outperformed by 84.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MMSI is above the rising 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) | 51.02 | NEUTRAL | The RSI value for MMSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.6 | POSITIVE | The MACD value suggests MMSI has a positive trend. |
| Stochastics (14,3) | 55.79 | NEUTRAL | The Stochastics value for MMSI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for MMSI suggests some volalility. |
| Average Directional Index/ADX (14) | 33.53 | POSITIVE | The high ADX value value for MMSI suggests a strong trend. |
MMSI Chart- and CandleStick Pattern Analysis
MMSI Technicals: Chart, Performance Metrics, Trend & Indicators
70.57
+2.31 (+3.38%)
MERIT MEDICAL SYSTEMS INC / MMSI TA FAQ
Can you provide the ChartMill technical rating for MERIT MEDICAL SYSTEMS INC?
ChartMill assigns a technical rating of 1 / 10 to MMSI.
What is the trend direction for MMSI stock?
The current trend direction for MERIT MEDICAL SYSTEMS INC (MMSI) is Bearish.
Can you provide the RSI signal for MERIT MEDICAL SYSTEMS INC?
MERIT MEDICAL SYSTEMS INC (MMSI) has an RSI value of 51.0193. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MERIT MEDICAL SYSTEMS INC?
The MACD indicator for MERIT MEDICAL SYSTEMS INC (MMSI) has a value of 0.603541, indicating a bearish trend.