We assign a technical rating of 4 out of 10 to MMSI. 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.
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 86.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 86.51, a Stop Loss order could be placed below this zone.
More info and screens
78.20
We found 2 important support areas.
- A support zone ranging from 83.02 to 86.51. 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 86.87 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 | 24 | NEGATIVE | MMSI has a low relative strength, it was outperformed by 76% 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) | 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) | 52.88 | NEUTRAL | The RSI value for MMSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MMSI has a negative trend. |
| Stochastics (14,3) | 70.87 | NEUTRAL | The Stochastics value for MMSI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for MMSI suggests some volalility. |
| Average Directional Index/ADX (14) | 16.13 | NEGATIVE | The low ADX value for MMSI suggests a weak or negative trend. |
86.59
-0.82 (-0.94%)
MERIT MEDICAL SYSTEMS INC / MMSI FAQ
Can you provide the ChartMill technical rating for MERIT MEDICAL SYSTEMS INC?
ChartMill assigns a technical rating of 4 / 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 52.8773. 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 -0.0239223, indicating a bearish trend.
What is the support and resistance level for MMSI stock?
MERIT MEDICAL SYSTEMS INC (MMSI) has a support level at 86.51 and a resistance level at 86.87. Check the full technical report for our detailed analysis of MMSI support and resistance levels.