Overall MMSI gets a technical rating of 5 out of 10. MMSI has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
MMSI has an average technical rating and it also does not offer a high 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.
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78.20
We found 3 important support areas.
- A support zone ranging from 85.38 to 86.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 83.02 to 83.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 78.99 to 81.39. 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 86.81 to 89.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 92.87 to 93.18. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for MMSI is neutral. |
| ChartMill Relative Strength | 32.06 | 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) | 45.97 | NEUTRAL | The RSI value for MMSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests MMSI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.8 | NEUTRAL | The Stochastics value for MMSI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for MMSI suggests some volalility. |
| Average Directional Index/ADX (14) | 19.72 | NEGATIVE | The low ADX value for MMSI suggests a weak or negative trend. |
86.38
-6.8 (-7.3%)
MERIT MEDICAL SYSTEMS INC / MMSI FAQ
Can you provide the ChartMill technical rating for MERIT MEDICAL SYSTEMS INC?
ChartMill assigns a technical rating of 5 / 10 to MMSI.
What is the trend direction for 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 45.9685. This indicates that the stock is currently neutral.
What is the short term momentum for MMSI stock?
The short term momentum for MERIT MEDICAL SYSTEMS INC (MMSI) is neutral.
What are the support and resistance levels for MERIT MEDICAL SYSTEMS INC (MMSI) stock?
MERIT MEDICAL SYSTEMS INC (MMSI) has a support level at 86.27 and a resistance level at 86.81. Check the full technical report for our detailed analysis of MMSI support and resistance levels.