MERSANA THERAPEUTICS INC (MRSN) Stock Technical Analysis
NASDAQ:MRSN - Nasdaq - US59045L1061 - Common Stock - Currency: USD
Taking everything into account, MRSN scores 0 out of 10 in our technical rating. MRSN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, MRSN is a bad performer in the overall market: 97% of all stocks are doing better.
MRSN is part of the Biotechnology industry. There are 558 other stocks in this industry, of which 80% are performing better than MRSN.
MRSN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
MRSN has an average volume of 2927530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MRSN has a been trading in the 0.27 - 0.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of MRSN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.28
0.39
2 important support areas can be observed.
- A support zone ranging from 0.33 to 0.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.28 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @0.38 from a horizontal line in the daily time frame.
- A resistance zone ranging from 0.39 to 0.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for MRSN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MRSN is neutral. |
| ChartMill Relative Strength | 3.37 | NEGATIVE | MRSN has a low relative strength, it was outperformed by 96.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MRSN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MRSN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MRSN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.91 | NEUTRAL | The RSI value for MRSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MRSN has a positive trend. |
| Stochastics (14,3) | 71.49 | NEUTRAL | The Stochastics value for MRSN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.52 | HIGH VOLATILITY | The high ATR as a percentage value for MRSN suggests high volalility. |
| Average Directional Index/ADX (14) | 19.69 | NEGATIVE | The low ADX value for MRSN suggests a weak or negative trend. |
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)
0.343
0 (-0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.26%
1 Week12.72%
2 Weeks17.87%
1 Month-4.72%
3 Month-3.3%
6 Month-44.55%
12 Month-82.59%
2 Year-72%
3 Year-93.23%
5 Year-98.27%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%8.52%
ATR Inc31.1%
Range Today0.03
ADR(20)0.03
ADR(20)%8.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.37
Mansfield-7.13
10 Day High0.39
10 Day Low0.27
20 Day High0.39
20 Day Low0.27
52 Week High2.83
52 Week Low0.26
CS1 End0.33
CR1 Start0.38
Volume & EV
DER(3)6.1%
DER(5)5.87%
Volume1.34M
Volume Incr24.13%
Vol(5)3.54M
Vol(50)2.93M