Mersana Therapeutics, Inc. Stock Forecast
Big movements in Mersana Therapeutics, Inc. stock price on Wednesday moving 13.61% between high and low
(Updated on May 01, 2024)
The Mersana Therapeutics, Inc. stock price gained 6.31% on the last trading day (Wednesday, 1st May 2024), rising from $3.17 to $3.37. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 13.61% from a day low at $3.16 to a day high of $3.59. The price has been going up and down for this period, and there has been a -4.26% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 582 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $5.86 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.37% during the next 3 months and, with a 90% probability hold a price between $2.11 and $4.56 at the end of this 3-month period.
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MRSN Signals & Forecast
There are mixed signals in the stock today. The Mersana Therapeutics, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $4.03. On a fall, the stock will find some support from the short-term average at $3.08. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -43.27%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Mersana Therapeutics, Inc. stock
Mersana Therapeutics, Inc. finds support from accumulated volume at $3.25 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.430 between high and low, or 13.61%. For the last week, the stock has had daily average volatility of 8.10%.
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 Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Mersana Therapeutics, Inc. to open at $3.37, and during the day (based on 14 day Average True Range), to move between $3.08 and $3.66, which gives a possible trading interval of +/-$0.294 (+/-8.72%) up or down from last closing price. If Mersana Therapeutics, Inc. takes out the full calculated possible swing range there will be an estimated 17.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.25 (3.56%) than the resistance at $3.79 (12.46%), 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?
Mersana Therapeutics, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.906 Sell Candidate Upgraded
Predicted Opening Price for Mersana Therapeutics, Inc. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $3.37 ( 0.0989%) | $3.37 |
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 | 3.80 | 12.86 % | |
| R2 | 3.64 | 7.98 % | ||
| R1 | 3.54 | 4.97 % | ||
| Current price: | 3.37 | |||
| Support | S1 | 3.21 | -4.78 % | |
| S2 | 3.11 | -7.79 % | ||
| S3 | 2.94 | -12.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.88 | 15.13 % | |
| R2 | 3.84 | 13.95 % | ||
| R1 | 3.79 | 12.46 % | ||
| Current price | 3.37 | |||
| Support | S1 | 3.25 | -3.56% | |
| S2 | 2.88 | -14.54% | ||
| S3 | 2.85 | -15.43% |
FAQ
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