Merit Medical Stock Forecast - Daily Balance Of Power
| MMSI Stock | USD 104.00 0.92 0.88% |
Merit Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Merit Medical's historical fundamentals, such as revenue growth or operating cash flow patterns.
Merit |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.3769 | (0.26) |
| Check Merit Medical Volatility | Backtest Merit Medical | Trend Details |
Merit Medical Trading Date Momentum
| On October 02 2023 Merit Medical Systems was traded for 67.23 at the closing time. The top price for the day was 68.86 and the lowest listed price was 66.83 . The trading volume for the day was 423.5 K. The trading history from October 2, 2023 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 2.59% . The trading delta at closing time against the current closing price is 2.07% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Merit Medical to competition |
Other Forecasting Options for Merit Medical
For every potential investor in Merit, whether a beginner or expert, Merit Medical's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Merit Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Merit. Basic forecasting techniques help filter out the noise by identifying Merit Medical's price trends.Merit Medical Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Merit Medical stock to make a market-neutral strategy. Peer analysis of Merit Medical could also be used in its relative valuation, which is a method of valuing Merit Medical by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Merit Medical Systems Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Merit Medical's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Merit Medical's current price.| Cycle Indicators | ||
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| Volume Indicators |
Merit Medical Market Strength Events
Market strength indicators help investors to evaluate how Merit Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Merit Medical shares will generate the highest return on investment. By undertsting and applying Merit Medical stock market strength indicators, traders can identify Merit Medical Systems entry and exit signals to maximize returns.
| Accumulation Distribution | 10046.65 | |||
| Daily Balance Of Power | (0.30) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 104.5 | |||
| Day Typical Price | 104.33 | |||
| Price Action Indicator | (0.96) | |||
| Period Momentum Indicator | (0.92) |
Merit Medical Risk Indicators
The analysis of Merit Medical's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Merit Medical's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting merit stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.8703 | |||
| Semi Deviation | 0.751 | |||
| Standard Deviation | 1.2 | |||
| Variance | 1.44 | |||
| Downside Variance | 0.974 | |||
| Semi Variance | 0.564 | |||
| Expected Short fall | (0.95) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Currently Active Assets on Macroaxis
When determining whether Merit Medical Systems offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Merit Medical's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Merit Medical Systems Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Merit Medical Systems Stock:Check out Historical Fundamental Analysis of Merit Medical to cross-verify your projections. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Merit Medical. If investors know Merit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Merit Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.091 | Earnings Share 2.05 | Revenue Per Share 22.847 | Quarterly Revenue Growth 0.078 | Return On Assets 0.0456 |
The market value of Merit Medical Systems is measured differently than its book value, which is the value of Merit that is recorded on the company's balance sheet. Investors also form their own opinion of Merit Medical's value that differs from its market value or its book value, called intrinsic value, which is Merit Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Merit Medical's market value can be influenced by many factors that don't directly affect Merit Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Merit Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Merit Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Merit Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.