MERIT MEDICAL SYSTEMS INC (MMSI)
US5898891040 - Common Stock
We assign a technical rating of 4 out of 10 to MMSI. In the last year, MMSI was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, MMSI is a bad performer in the overall market: 72% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month MMSI has a been trading in the 70.70 - 79.11 range, which is quite wide. It is currently trading near the high of this range.
MMSI is part of the Health Care Equipment & Supplies industry. There are 193 other stocks in this industry, MMSI did better than 64% of them.
MMSI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MMSI is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MMSI has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
69.10
86.09
When analyzing the support we can see 3 important areas.
- A support zone ranging from 73.67 to 75.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 70.99 to 71.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @69.80 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @79.27 from a horizontal line in the daily time frame.
- A resistance zone ranging from 84.82 to 85.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.49
Mansfield-0.49
10 Day High79.11
10 Day Low71.57
20 Day High79.11
20 Day Low70.7
52 Week High85.62
52 Week Low62.58
Performance
1 Week7.03%
2 Weeks9.63%
1 Month9.15%
3 Month-0.43%
6 Month9.91%
12 Month-6.9%
2 Year28.64%
3 Year30.88%
5 Year52.95%
10 Year462.87%
15 Year476.84%
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)
Technical Indicators
MACD(12,26,9)0.71
RSI(14)68.09
LBB69.86
UBB78.38
MERIT MEDICAL SYSTEMS INC
NASDAQ:MMSI (5/3/2024, 7:06:31 PM)
After market: 78.97 0 (0%)78.97
+1.95 (+2.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg2.53%
1 Week7.03%
2 Weeks9.63%
1 Month9.15%
3 Month-0.43%
6 Month9.91%
12 Month-6.9%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.77
ATR(20)%2.2%
ATR Inc
Range Today2.16
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High79.11
10 Day Low71.57
20 Day High79.11
20 Day Low70.7
52 Week High85.62
52 Week Low62.58
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume263.00K
Volume Incr49.88%
Vol(5)487.80K
Vol(50)401.10K