Mersana Therapeutics, Inc. Stock Forecast
Red day on Friday for Mersana Therapeutics, Inc. stock after losing 2.69%
(Updated on Apr 19, 2024)
The Mersana Therapeutics, Inc. stock price fell by -2.69% on the last day (Friday, 19th Apr 2024) from $3.34 to $3.25. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 5.35% from a day low at $3.18 to a day high of $3.35. The price has fallen in 8 of the last 10 days and is down by -24.07% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $7.66 million.
Given the current short-term trend, the stock is expected to rise 15.53% during the next 3 months and, with a 90% probability hold a price between $3.75 and $7.41 at the end of this 3-month period.
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MRSN Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Mersana Therapeutics, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $3.60 and $4.64. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -45.29%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Mersana Therapeutics, Inc. stock
Mersana Therapeutics, Inc. finds support from accumulated volume at $3.13 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.170 between high and low, or 5.35%. For the last week, the stock has had daily average volatility of 6.87%.
Mersana Therapeutics, Inc. is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MRSN) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Mersana Therapeutics, Inc. to open at $3.26, and during the day (based on 14 day Average True Range), to move between $2.93 and $3.57, which gives a possible trading interval of +/-$0.315 (+/-9.69%) up or down from last closing price. If Mersana Therapeutics, Inc. takes out the full calculated possible swing range there will be an estimated 19.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.13 (3.69%) than the resistance at $3.79 (16.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mersana Therapeutics, Inc. stock A Buy?
The Mersana Therapeutics, Inc. stock holds several negative signals and despite the positive trend, we believe Mersana Therapeutics, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.928 Sell Candidate Unchanged
Predicted Opening Price for Mersana Therapeutics, Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $3.26 ( 0.308%) | $3.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MRSN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.43 | 5.54 % | |
| R2 | 3.37 | 3.54 % | ||
| R1 | 3.32 | 2.31 % | ||
| Current price: | 3.25 | |||
| Support | S1 | 3.20 | -1.69 % | |
| S2 | 3.15 | -2.92 % | ||
| S3 | 3.09 | -4.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.88 | 19.38 % | |
| R2 | 3.84 | 18.15 % | ||
| R1 | 3.79 | 16.62 % | ||
| Current price | 3.25 | |||
| Support | S1 | 3.13 | -3.69% | |
| S2 | 3.10 | -4.62% | ||
| S3 | 2.82 | -13.23% |
FAQ
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