MERIT MEDICAL SYSTEMS INC (MMSI) Stock Technical Analysis
NASDAQ:MMSI - Nasdaq - US5898891040 - Common Stock - Currency: USD
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.
85% of all other stocks performed better in the past year than MMSI.
MMSI is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month MMSI has a been trading in the 82.83 - 96.74 range, which is quite wide. It is currently trading near the lows of this range.
MMSI is an average performer in the Health Care Equipment & Supplies industry, it outperforms 47% of 187 stocks in the same industry.
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
82.03
99.82
We found 1 important support area.
- A support zone ranging from 82.86 to 82.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 84.13 to 85.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 90.62 to 90.62. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 92.35 to 93.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 95.28 to 96.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @98.83 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 | 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 | 15.98 | NEGATIVE | MMSI has a low relative strength, it was outperformed by 84.02% 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) | 30.52 | NEUTRAL | The RSI value for MMSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests MMSI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.38 | OVERSOLD | The low Stochastics value suggests MMSI may be oversold. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for MMSI suggests some volalility. |
| Average Directional Index/ADX (14) | 29.68 | POSITIVE | The high ADX value value for MMSI suggests a strong 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)
NASDAQ:MMSI (7/30/2025, 10:47:52 AM)
82.97
+0.1 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.12%
1 Week-1.89%
2 Weeks-11.46%
1 Month-11.35%
3 Month-13.37%
6 Month-23.89%
12 Month-6.61%
2 Year10.98%
3 Year44.17%
5 Year85.31%
10 Year224.22%
15 Year389.78%
Volatility
ATR(14)2.33
ATR(20)%2.9%
ATR Inc-31.21%
Range Today1
ADR(20)2.32
ADR(20)%2.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.98
Mansfield-2.19
10 Day High93.78
10 Day Low82.83
20 Day High96.74
20 Day Low82.83
52 Week High111.45
52 Week Low82.83
CS1 End82.86
CR1 Start84.13
Volume & EV
DER(3)4.22%
DER(5)2.16%
Volume208.12K
Volume Incr-17.73%
Vol(5)613.34K
Vol(50)618.43K