MERIT MEDICAL SYSTEMS INC (MMSI) Stock Technical Analysis
NASDAQ:MMSI - Nasdaq - US5898891040 - Common Stock - Currency: USD
Taking everything into account, MMSI scores 3 out of 10 in our technical rating. In the past year, MMSI was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
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.
When comparing the performance of all stocks over the past year, MMSI turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
MMSI is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, MMSI did better than 60% of them.
MMSI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MMSI is lagging the market.
In the last month MMSI has a been trading in a tight range between 91.11 and 96.25.
MMSI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 93.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 92.91, a Stop Loss order could be placed below this zone.
More info and screens
87.60
111.39
2 important support areas can be observed.
- A support zone ranging from 92.87 to 93.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 88.48 to 90.89. 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 93.69 to 96.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @98.83 from a horizontal line in the weekly time frame.
- Resistance @102.43 from a trend line in the daily time frame.
- Resistance @107.04 from a horizontal line in the daily time frame.
- Resistance @110.29 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 | NEUTRAL | NEUTRAL | The short term trend for MMSI is neutral. |
| ChartMill Relative Strength | 44.41 | NEUTRAL | MMSI is not amongst the best or worst performers 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) | UP | MIXED | The current price of MMSI is below 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) | 49.88 | NEUTRAL | The RSI value for MMSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests MMSI has a positive trend. |
| Stochastics (14,3) | 53.38 | NEUTRAL | The Stochastics value for MMSI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for MMSI suggests low volalility. |
| Average Directional Index/ADX (14) | 15.83 | 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)
NASDAQ:MMSI (7/2/2025, 2:29:42 PM)
93.665
-0.31 (-0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.34%
1 Week0.77%
2 Weeks0.22%
1 Month0.36%
3 Month1.6%
6 Month-1.99%
12 Month9.88%
2 Year25.86%
3 Year63.5%
5 Year110.15%
10 Year267.68%
15 Year455.44%
Volatility
ATR(14)1.7
ATR(20)%1.74%
ATR Inc39.18%
Range Today0.79
ADR(20)1.62
ADR(20)%1.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.41
Mansfield-0.99
10 Day High95.09
10 Day Low91.12
20 Day High96.26
20 Day Low91.12
52 Week High111.45
52 Week Low82.62
CS1 End92.91
CR1 Start93.75
Volume & EV
DER(3)-0.6%
DER(5)-0.17%
Volume109.26K
Volume Incr43.75%
Vol(5)727.84K
Vol(50)633.14K