We assign a technical rating of 5 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.
Although the technical rating is only medium, MMSI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 87.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 86.52, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
78.20
We found 2 important support areas.
- A support zone ranging from 83.02 to 86.52. 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.
We can see 4 important resistance areas.
- A resistance zone ranging from 87.48 to 87.55. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @89.39 from a horizontal line in the daily time frame.
- 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 | 31.98 | NEUTRAL | MMSI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MMSI is above 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) | 58.1 | NEUTRAL | The RSI value for MMSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests MMSI has a positive trend. |
| Stochastics (14,3) | 68.82 | NEUTRAL | The Stochastics value for MMSI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for MMSI suggests some volalility. |
| Average Directional Index/ADX (14) | 12.83 | NEGATIVE | The low ADX value for MMSI suggests a weak or negative trend. |
87.23
+0.38 (+0.44%)
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 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 58.1045. 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 0.212733, indicating a bearish trend.
What is the support and resistance level for MMSI stock?
MERIT MEDICAL SYSTEMS INC (MMSI) has a support level at 86.52 and a resistance level at 87.48. Check the full technical report for our detailed analysis of MMSI support and resistance levels.