Mersana Therapeutics (MRSN) Technical Analysis

Technical analysis involves the study of price charts and various technical indicators to analyze and predict the future price movements of a stock. Mersana Therapeutics Inc (MRSN) is a biopharmaceutical company that focuses on developing antibody-drug conjugates (ADCs) to treat cancer. Traders and investors can use technical analysis tools to assess the stock's current and potential future price trends and make more informed trading decisions.

One commonly used technical indicator is the Relative Strength Index (RSI), which measures the magnitude of recent price changes to determine if a stock is overbought or oversold. By analyzing the RSI of MRSN stock, traders can identify potential reversal points and assess the stock's momentum. Another useful tool is the Average Directional Index (ADX), which helps measure the strength of a stock's trend. By analyzing the ADX of MRSN stock, traders can determine if the stock is in a strong trend or a range-bound market.