MERSANA THERAPEUTICS INC (MRSN) Stock Technical Analysis
NASDAQ:MRSN - Nasdaq - US59045L1061 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to MRSN. In the past year, MRSN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
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 559 other stocks in this industry, of which 78% 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 2761920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month MRSN has a been trading in the 0.30 - 0.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MRSN has a poor technical rating and the quality of the setup is also not perfect 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
0.34
0.41
3 important support areas can be observed.
- A support zone ranging from 0.37 to 0.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.35 to 0.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.34 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @0.39 from a horizontal line in the weekly time frame.
- Resistance @0.41 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for MRSN is up. |
| ChartMill Relative Strength | 3.58 | NEGATIVE | MRSN has a low relative strength, it was outperformed by 96.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MRSN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MRSN is above the rising 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) | 51.89 | NEUTRAL | The RSI value for MRSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MRSN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.36 | NEUTRAL | The Stochastics value for MRSN is a neutral value. |
| Average True Range in percent/ATR (20) | 11.18 | HIGH VOLATILITY | The high ATR as a percentage value for MRSN suggests high volalility. |
| Average Directional Index/ADX (14) | 19.93 | 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)
0.3804
-0.03 (-6.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-6.54%
1 Week3.09%
2 Weeks3.96%
1 Month6.2%
3 Month-18.18%
6 Month-82.31%
12 Month-81.62%
2 Year-88.44%
3 Year-91.77%
5 Year-98.37%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%11.18%
ATR Inc89.7%
Range Today0.05
ADR(20)0.04
ADR(20)%10.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.58
Mansfield-7.14
10 Day High0.46
10 Day Low0.33
20 Day High0.46
20 Day Low0.3
52 Week High2.83
52 Week Low0.26
CS1 End0.37
CR1 Start0.39
Volume & EV
DER(3)14.78%
DER(5)10.91%
Volume2.50M
Volume Incr-15.22%
Vol(5)2.64M
Vol(50)2.76M