MERIT MEDICAL SYSTEMS INC (MMSI) Stock Technical Analysis
USA - NASDAQ:MMSI - US5898891040 - Common Stock
Taking everything into account, MMSI scores 3 out of 10 in our technical rating. In the past year, MMSI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The technical rating of MMSI is bad and it also does not present a quality setup 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
78.20
2 important support areas can be observed.
- A support zone ranging from 83.42 to 84.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 87.55 to 89.39. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 27.41 | NEGATIVE | MMSI has a low relative strength, it was outperformed by 72.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MMSI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MMSI is above 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) | 56.82 | NEUTRAL | The RSI value for MMSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests MMSI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.67 | OVERBOUGHT | The high Stochastics value suggests MMSI may be overbought. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for MMSI suggests some volalility. |
| Average Directional Index/ADX (14) | 21.17 | NEUTRAL | The ADX value for MMSI suggests a possible start of a new trend. |
85.09
-2.31 (-2.64%)
MERIT MEDICAL SYSTEMS INC / MMSI FAQ
Can you provide the ChartMill technical rating for MERIT MEDICAL SYSTEMS INC?
ChartMill assigns a technical rating of 3 / 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 56.8165. 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 0.369848, indicating a bearish trend.
What is the support and resistance level for MMSI stock?
MERIT MEDICAL SYSTEMS INC (MMSI) has a support level at 85.85 and a resistance level at 87.55. Check the full technical report for our detailed analysis of MMSI support and resistance levels.