Is Merit Medical Systems, Inc. technically bullish or bearish?

As of 31 October 2025, the technical trend for Merit Medical Systems, Inc. has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by a combination of indicators. The MACD shows a mildly bullish signal on the weekly chart but is mildly bearish on the monthly chart. Bollinger Bands indicate a mildly bullish stance weekly, while they are bearish monthly. Daily moving averages are mildly bearish, and the KST reflects a mildly bullish signal weekly but is mildly bearish monthly. There are no clear trends indicated by Dow Theory or OBV.
In terms of performance, the stock has outperformed the S&P 500 over the past week and month, returning 6.91% and 5.06% respectively, while it has underperformed over the longer term, with a year-to-date return of -8.53% compared to the S&P 500's 16.30%.