Is Mersana Therapeutics, Inc. technically bullish or bearish?
As of May 16, 2025, the technical trend is mildly bearish, influenced by daily moving averages and weekly Bollinger Bands indicating bearish momentum, despite some mildly bullish signals from the MACD and mixed trends according to Dow Theory.
As of 16 May 2025, the technical trend has changed from bearish to mildly bearish. The current technical stance is mildly bearish, driven primarily by the daily moving averages indicating bearish momentum and the weekly Bollinger Bands also reflecting a bearish outlook. The MACD shows a mildly bullish signal on the weekly chart, but the monthly perspective remains bearish, which adds to the mixed signals. The Dow Theory indicates no trend on the weekly timeframe and bearish on the monthly, further supporting the mildly bearish stance. Overall, while there are some mildly bullish indicators, the prevailing sentiment leans towards bearish.
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