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(MREO) Mereo Biopharma complete technical analysis [charts+indicators] | Buy/Sell Mereo Biopharma | (MREO) share price targets

Complete technical analysis of Mereo Biopharma (MREO) by charts plus indicators, forecast predictions and share price targets for Mereo Biopharma (MREO)

Mereo Biopharma trades in USA in N A sector.

10 day averaged volume of Mereo Biopharma is 541560

Date Daily Closing Price Open High Low Volume
30 Wed Oct 2024 4.25 4.18 4.31 4.13 0.891 times
29 Tue Oct 2024 4.21 4.19 4.25 4.14 0.889 times
28 Mon Oct 2024 4.20 4.25 4.33 4.15 0.918 times
25 Fri Oct 2024 4.26 4.33 4.42 4.25 0.748 times
24 Thu Oct 2024 4.35 4.27 4.35 4.19 1.099 times
23 Wed Oct 2024 4.25 4.31 4.33 4.05 1.304 times
22 Tue Oct 2024 4.37 4.50 4.60 4.32 1.151 times
21 Mon Oct 2024 4.53 4.61 4.72 4.37 0.806 times
18 Fri Oct 2024 4.62 4.53 4.64 4.49 0.748 times
17 Thu Oct 2024 4.56 4.51 4.64 4.42 1.387 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 4.2 as stoploss in an intra day buy trade for a target of 4.35. However, stock will show a bearish move below 4.2.

Share price targets for Mereo Biopharma (MREO)

Target Type Value
Downside Target 3.26
Downside Target 3.35
Downside Target 3.88
Downside Target 4.05
Upside Target 4.33
Upside Target 4.50
Upside Target 4.64
Upside Target 4.72
Upside Target 4.80
Upside Target 5.02

Intraday share price targets for Mereo Biopharma (MREO)

Target Type Value
Downside Intraday Target 4.14
Downside Intraday Target 4.04
Upside Intraday Target 4.34
Upside Intraday Target 4.44
Downside Intraday Target 4.24

Weekly technical analysis of Mereo Biopharma (MREO)

Date Weekly Closing Price Open High Low Volume
30 Wed Oct 2024 4.25 4.25 4.33 4.13 0.528 times
25 Fri Oct 2024 4.26 4.61 4.72 4.05 0.989 times
18 Fri Oct 2024 4.62 4.29 4.64 4.20 1.071 times
11 Fri Oct 2024 4.34 4.39 4.40 4.07 0.591 times
04 Fri Oct 2024 4.40 4.16 4.50 3.94 1.63 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Mereo Biopharma (MREO)

Date Monthly Closing Price Open High Low Volume
30 Wed Oct 2024 4.25 4.15 4.72 3.94 0.839 times
30 Mon Sep 2024 4.11 4.70 4.80 3.88 0.715 times
30 Fri Aug 2024 4.69 4.06 5.02 3.35 1.179 times
31 Wed Jul 2024 4.06 3.51 4.42 3.37 0.59 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Mereo Biopharma (MREO)

Price action analysis of Mereo Biopharma ( (MREO) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mereo Biopharma ( (MREO) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mereo Biopharma ( (MREO) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mereo Biopharma ( (MREO) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Mereo Biopharma stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Mereo Biopharma in short term but the sell signal is initial and weak.

Mereo Biopharma Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mereo Biopharma in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Mereo Biopharma is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 4.36 and Mereo Biopharma (MREO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Mereo Biopharma (MREO) stock. Volume based technical analysis of Mereo Biopharma (MREO) stock is negative.

Mereo Biopharma Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Price action analysis of Mereo Biopharma ( (MREO) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mereo Biopharma ( (MREO) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mereo Biopharma ( (MREO) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mereo Biopharma ( (MREO) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Mereo Biopharma stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Mereo Biopharma in short term but the sell signal is initial and weak.

Mereo Biopharma Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mereo Biopharma in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Mereo Biopharma is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 4.36 and Mereo Biopharma (MREO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Mereo Biopharma (MREO) stock. Volume based technical analysis of Mereo Biopharma (MREO) stock is negative.

Mereo Biopharma Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Daily charts

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Daily chart
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