MERIT MEDICAL SYSTEMS INC (MMSI) Technical Analysis
NASDAQ:MMSI • US5898891040
Current stock price
MMSI Technical Rating and Analysis
Taking everything into account, MMSI scores 0 out of 10 in our technical rating. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, MMSI is a bad performer in the overall market: 88% of all stocks are doing better.
- MMSI is part of the Health Care Equipment & Supplies industry. There are 184 other stocks in this industry, of which 61% are performing better than MMSI.
- MMSI is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MMSI is lagging the market.
- In the last month MMSI has a been trading in the 67.42 - 84.04 range, which is quite wide. It is currently trading near the lows of this range.
MMSI Weekly and Daily overview Charts
MMSI Setup Rating and Analysis
MMSI has a poor technical rating and the quality of the setup is also not perfect 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
MMSI Support and Resistance Analysis
68.48
3 important resistance areas can be observed.
- A resistance zone ranging from 80.24 to 81.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 83.02 to 83.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @92.97 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 | DOWN | NEGATIVE | The short term trend for MMSI is down. |
| ChartMill Relative Strength | 12.62 | NEGATIVE | MMSI has a low relative strength, it was outperformed by 87.38% 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) | 29.03 | OVERSOLD | The low RSI value suggests MMSI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.62 | NEGATIVE | The MACD value suggests MMSI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.12 | OVERSOLD | The low Stochastics value suggests MMSI may be oversold. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for MMSI suggests some volalility. |
| Average Directional Index/ADX (14) | 44.82 | 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
69.17
-0.78 (-1.12%)
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 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 29.0268. This indicates that the stock is currently oversold.
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 resistance level at 80.24. Check the full technical report for our detailed analysis of MMSI support and resistance levels.