MERSANA THERAPEUTICS INC (MRSN) Stock Technical Analysis
NASDAQ:MRSN • US59045L2051
Taking everything into account, MRSN scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, MRSN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- MRSN is part of the Biotechnology industry. There are 521 other stocks in this industry. MRSN outperforms 92% of them.
- A new 52 week high is currently being made by MRSN, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month MRSN has a been trading in the 27.36 - 30.39 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- Looking at the yearly performance, MRSN did better than 98% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- Volume is considerably higher in the last couple of days.
Although MRSN has an excellent technical rating, the quality of the presented setup is not ideal 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
28.36
When analyzing the support we notice one important area.
- A support zone ranging from 28.65 to 29.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 29.09 to 29.11. 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 | UP | POSITIVE | The long term trend for MRSN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRSN is up. |
| ChartMill Relative Strength | 98.16 | POSITIVE | MRSN has a high relative strength, it outperformed 98.16% 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) | UP | POSITIVE | The current price of MRSN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.05 | OVERBOUGHT | The high RSI value suggests MRSN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests MRSN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.85 | NEUTRAL | The Stochastics value for MRSN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for MRSN suggests low volalility. |
| Average Directional Index/ADX (14) | 69.19 | POSITIVE | The high ADX value value for MRSN suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 29.12 | 28.64 | 0.48 (1.65%) | 25.00% |
| An entry @29.12. This is a Buy Stop order right above the resistance zone. | An exit @28.64. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.48 points, which is 1.65%. | For a 0.41% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MRSN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
29.08
+0.04 (+0.14%)
MERSANA THERAPEUTICS INC / MRSN FAQ
What is the technical rating for MRSN stock?
ChartMill assigns a technical rating of 9 / 10 to MRSN.
What is the trend direction for MRSN stock?
The current trend direction for MERSANA THERAPEUTICS INC (MRSN) is Bullish.
What is the RSI signal for MERSANA THERAPEUTICS INC (MRSN) stock?
MERSANA THERAPEUTICS INC (MRSN) has an RSI value of 78.0542. This indicates that the stock is currently overbought.
What is the MACD signal for MRSN stock?
The MACD indicator for MERSANA THERAPEUTICS INC (MRSN) has a value of -0.476591, indicating a bearish trend.
What are the support and resistance levels for MERSANA THERAPEUTICS INC (MRSN) stock?
MERSANA THERAPEUTICS INC (MRSN) has a support level at 29.04 and a resistance level at 29.09. Check the full technical report for our detailed analysis of MRSN support and resistance levels.