Chart pattern
MMSI chart pattern — Merit Medical Systems
1 formation detected on the latest close (Nov 06, 2026).
Rising Wedge · Weekly candles
BearishForming
Last close$87.23
Trigger$83.56 (-4.2%)
Upper boundary$97.51
Lower boundary$83.56
Pattern spanJul 31, 2026 → 14 bars
Touches6
Fit score81/100
Price grinding higher inside two rising lines that are closing together — an advance running out of air. Trigger: A close below the rising lower boundary. Invalidation: A decisive close above the upper boundary, which turns the wedge into an ordinary acceleration.
Automated detection for education and research; not a recommendation. Levels are drawn from split-adjusted daily prices.