MERIT MEDICAL SYSTEMS INC (MMSI) Stock Technical Analysis
NASDAQ:MMSI - Nasdaq - US5898891040 - Common Stock - Currency: USD
Taking everything into account, MMSI scores 3 out of 10 in our technical rating. Although MMSI is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
MMSI is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 82% of 191 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that MMSI is one of the better performing stocks in the market, outperforming 84% of all stocks. However, MMSI's most recent performance is quite weak.
MMSI is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month MMSI has a been trading in the 85.46 - 107.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MMSI has a bad technical rating, but it does show a decent setup pattern. 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 95.92. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for MMSI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
87.60
111.39
2 important support areas can be observed.
- A support zone ranging from 90.89 to 91.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 88.48 to 88.76. This zone is formed by a combination of multiple trend lines in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 95.92 to 95.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 99.88 to 100.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @103.94 from a horizontal line in the weekly time frame.
- Resistance @107.04 from a horizontal line in the daily time frame.
- Resistance @110.29 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.66
Mansfield0.33
10 Day High95.58
10 Day Low88.12
20 Day High107.27
20 Day Low85.46
52 Week High111.45
52 Week Low73.67
Performance
1 Week4.53%
2 Weeks-1.17%
1 Month-8.71%
3 Month-9.53%
6 Month-1.39%
12 Month28.31%
2 Year16.46%
3 Year52.67%
5 Year131.92%
10 Year387.74%
15 Year485.47%
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)0.12
RSI(14)47.23
LBB88.35
UBB95.8
94.67
+0.91 (+0.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.97%
1 Week4.53%
2 Weeks-1.17%
1 Month-8.71%
3 Month-9.53%
6 Month-1.39%
12 Month28.31%
2 Year16.46%
3 Year52.67%
5 Year131.92%
10 Year387.74%
15 Year485.47%
Volatility
ATR(14)5.06
ATR(20)%4.74%
ATR Inc-40.88%
Range Today1.93
ADR(20)4.09
ADR(20)%4.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.66
Mansfield0.33
10 Day High95.58
10 Day Low88.12
20 Day High107.27
20 Day Low85.46
52 Week High111.45
52 Week Low73.67
CS1 End91.97
CR1 Start95.92
Volume & EV
DER(3)3.55%
DER(5)1.47%
Volume1.37M
Volume Incr-9.88%
Vol(5)774.33K
Vol(50)755.30K