MERIT MEDICAL SYSTEMS INC (MMSI) Stock Technical Analysis
NASDAQ:MMSI - US5898891040 - Common Stock
88.16 USD
-1.29 (-1.44%)
88.16 USD
0 (0%)
Overall MMSI gets a technical rating of 1 out of 10. 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.
82% of all other stocks performed better in the past year than MMSI.
MMSI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MMSI has a been trading in the 81.04 - 89.57 range, which is quite wide. It is currently trading near the high of this range.
MMSI is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry, MMSI did better than 51% of them.
MMSI has a poor technical rating and the quality of the setup is also only medium 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
82.04
99.82
We found 1 important support area.
- A support zone ranging from 82.87 to 83.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 88.62 to 90.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @93.35 from a trend line in the daily time frame.
- Resistance @95.28 from a horizontal line in the daily time frame.
- A resistance zone ranging from 98.83 to 98.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 18.23 | NEGATIVE | MMSI has a low relative strength, it was outperformed by 81.77% 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) | 54.76 | NEUTRAL | The RSI value for MMSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.68 | POSITIVE | The MACD value suggests MMSI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.39 | OVERBOUGHT | The high Stochastics value suggests MMSI may be overbought. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for MMSI suggests some volalility. |
| Average Directional Index/ADX (14) | 19.94 | NEGATIVE | The low ADX value for MMSI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
88.16
-1.29 (-1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.44%
1 Week2.32%
2 Weeks4.9%
1 Month4.38%
3 Month-7.23%
6 Month-13.6%
12 Month-8.81%
2 Year35.05%
3 Year48.84%
5 Year79.55%
10 Year287.52%
15 Year458.68%
Volatility
ATR(14)1.61
ATR(20)%2.02%
ATR Inc49.15%
Range Today1.07
ADR(20)1.72
ADR(20)%1.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.23
Mansfield-1.67
10 Day High89.57
10 Day Low84
20 Day High89.57
20 Day Low81.04
52 Week High111.45
52 Week Low81.04
CS1 End83.98
CR1 Start88.62
Volume & EV
DER(3)1.37%
DER(5)2.51%
Volume447.50K
Volume Incr-25.88%
Vol(5)454.74K
Vol(50)644.72K