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MMSI

BEAR

2026-03-19

Overnight Institutional Flow Signal

See the 2026-03-19 Morning Briefing

Score

6/10

Move

2.8%

Flow

$1.9M

Engine Flags(1/5 patterns matched — diagnostic, not a trade signal)

📉

Strong Put FlowHeavy bearish conviction

AI Trade Thesis

MMSI BEAR $65P Apr 17. Bearish institutional flow is chasing the breakdown of the $70 support level following Piper Sandler's confirmation of softer OEM performance through Q1 2026. While the stock is at multi-year valuation lows, the technical momentum is firmly bearish with no signs of capitulation yet. Entry on any weak bounce toward $70 with a target of $62. Risk: Oversold bounce if the 'Resilience' stent launch shows faster-than-expected clinical adoption.

Flow Breakdown

Call Volume

$12K

Put Volume

$1.9M

Flow Intent

DIRECTIONAL

Catalyst

Analyst Downgrade

More Bearish Flow · 2026-03-19

VMC9/10 UHS8/10 TMO8/10 STE8/10 SHW8/10 INTU8/10

Recommended Setup

Contract—

Strike—

Expiration—

Mid Price—

Contract Score—

Risk/Reward0.1:1

Delta—

Key Levels

Resistance$79.49

Support$67.42

Price$68.27

SMA 50 / 200$79 / $85

52W Range$67 — $111

RSI (14)30

News & Catalyst Analysis

Key Headline

Piper Sandler Highlights Softer OEM Performance for Merit Medical (MMSI) as Shares Hit Multi-Year Valuation Lows

News Summary

The price decline is primarily driven by a Piper Sandler report released today highlighting 'softer OEM performance' and estimate revisions for Q1 2026, which has overshadowed the recent launch of the Resilience esophageal stent. Institutional flow is aggressively bearish as the stock breaks below the $70 psychological level, suggesting that the market is pricing in a broader growth slowdown. Given the sustained selling pressure since the late-February Wells Fargo downgrade, this flow indicates a high conviction that the bottom has not yet been reached.

Flow Intent Analysis

The flow is entering as the stock breaks fresh 52-week lows on new fundamental concerns regarding OEM segment weakness, suggesting active short positioning rather than protective hedging.

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MMSI

Key Headline

News Summary

Flow Intent Analysis

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How We Read This Flow

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