Overall MMSI gets a technical rating of 6 out of 10. MMSI has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, MMSI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 88.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 87.42, a Stop Loss order could be placed below this zone.
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78.20
2 important support areas can be observed.
- A support zone ranging from 83.02 to 87.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 78.99 to 80.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 88.23 to 89.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @92.87 from a horizontal line 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 | UP | POSITIVE | The short term trend for MMSI is up. |
| ChartMill Relative Strength | 36 | NEUTRAL | MMSI is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of MMSI is above the rising 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) | 61.74 | NEUTRAL | The RSI value for MMSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests MMSI has a positive trend. |
| Stochastics (14,3) | 70.37 | NEUTRAL | The Stochastics value for MMSI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for MMSI suggests low volalility. |
| Average Directional Index/ADX (14) | 14.88 | NEGATIVE | The low ADX value for MMSI suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 89.40 | 85.77 | 3.63 (4.05%) | 24.66% |
| An entry @89.40. This is a Buy Stop order right above the resistance zone. | An exit @85.77. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.63 points, which is 4.05%. | For a 1.00% total portfolio risk, you can invest 24.66% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
88.22
+0.83 (+0.95%)
MERIT MEDICAL SYSTEMS INC / MMSI FAQ
Can you provide the ChartMill technical rating for MERIT MEDICAL SYSTEMS INC?
ChartMill assigns a technical rating of 6 / 10 to MMSI.
What is the current trend direction of MERIT MEDICAL SYSTEMS INC (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 61.7372. This indicates that the stock is currently neutral.
What is the MACD signal for MERIT MEDICAL SYSTEMS INC (MMSI) stock?
The MACD indicator for MERIT MEDICAL SYSTEMS INC (MMSI) has a value of 0.17793, indicating a bearish trend.
What is the support and resistance level for MMSI stock?
MERIT MEDICAL SYSTEMS INC (MMSI) has a support level at 87.42 and a resistance level at 88.23. Check the full technical report for our detailed analysis of MMSI support and resistance levels.