MERIT MEDICAL SYSTEMS INC (MMSI) Stock Technical Analysis
NASDAQ:MMSI - Nasdaq - US5898891040 - Common Stock - Currency: USD
Taking everything into account, MMSI scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month MMSI has a been trading in the 102.20 - 111.45 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that MMSI is one of the better performing stocks in the market, outperforming 81% of all stocks. On top of that, MMSI also shows a nice and consistent pattern of rising prices.
MMSI is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 73% of 190 stocks in the same industry.
MMSI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MMSI is lagging the market slightly.
Although MMSI has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
85.94
111.39
4 important support areas can be observed.
- A support zone ranging from 99.41 to 99.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 95.64 to 95.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @93.76 from a horizontal line in the daily time frame.
- Support @86.81 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 107.64 to 110.29. This zone is formed by a combination of multiple trend lines and important moving averages 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
CRS81.02
Mansfield0.62
10 Day High110.67
10 Day Low103.05
20 Day High111.45
20 Day Low102.2
52 Week High111.45
52 Week Low70.7
Performance
1 Week-4.8%
2 Weeks-5.4%
1 Month-0.49%
3 Month-2.06%
6 Month10.58%
12 Month29.26%
2 Year46.16%
3 Year58.63%
5 Year186.48%
10 Year426.06%
15 Year600.82%
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)-0.8
RSI(14)41.15
LBB104.41
UBB111.32
103.16
-2.5 (-2.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-2.37%
1 Week-4.8%
2 Weeks-5.4%
1 Month-0.49%
3 Month-2.06%
6 Month10.58%
12 Month29.26%
2 Year46.16%
3 Year58.63%
5 Year186.48%
10 Year426.06%
15 Year600.82%
Volatility
ATR(14)2.31
ATR(20)%2.41%
ATR Inc22.89%
Range Today2.89
ADR(20)2.38
ADR(20)%2.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.02
Mansfield0.62
10 Day High110.67
10 Day Low103.05
20 Day High111.45
20 Day Low102.2
52 Week High111.45
52 Week Low70.7
CS1 End99.89
CR1 Start107.64
Volume & EV
DER(3)-1.02%
DER(5)-0.19%
Volume472.30K
Volume Incr0.36%
Vol(5)498.16K
Vol(50)494.61K