(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.
Showing technical analysis as on 2024-10-10 View latest technical analysis
10 day averaged volume of Mereo Biopharma is 728000
| Date | Daily Closing Price | Open | High | Low | Volume |
| 10 Thu Oct 2024 | 4.12 | 4.10 | 4.20 | 4.07 | 0.535 times |
| 09 Wed Oct 2024 | 4.14 | 4.15 | 4.23 | 4.09 | 0.628 times |
| 08 Tue Oct 2024 | 4.16 | 4.28 | 4.28 | 4.14 | 0.914 times |
| 07 Mon Oct 2024 | 4.25 | 4.39 | 4.40 | 4.19 | 0.753 times |
| 04 Fri Oct 2024 | 4.40 | 4.40 | 4.50 | 4.32 | 1.222 times |
| 03 Thu Oct 2024 | 4.40 | 4.30 | 4.45 | 4.24 | 1.272 times |
| 02 Wed Oct 2024 | 4.29 | 4.14 | 4.30 | 4.12 | 1.163 times |
| 01 Tue Oct 2024 | 4.17 | 4.15 | 4.18 | 3.94 | 1.6 times |
| 30 Mon Sep 2024 | 4.11 | 4.16 | 4.20 | 4.00 | 0.816 times |
| 27 Fri Sep 2024 | 4.14 | 4.12 | 4.19 | 4.09 | 0.775 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 4.1 as stoploss in an intra day buy trade for a target of 4.2. However, stock will show a bearish move below 4.1.
Share price targets for Mereo Biopharma (MREO)
| Target Type | Value |
| Downside Target | 3.26 |
| Downside Target | 3.35 |
| Downside Target | 3.88 |
| Upside Target | 4.24 |
| Upside Target | 4.40 |
| Upside Target | 4.50 |
| Upside Target | 4.55 |
| 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 | 3.99 |
| Downside Intraday Target | 3.87 |
| Upside Intraday Target | 4.32 |
| Upside Intraday Target | 4.53 |
| Upside Intraday Target | 4.2 |
Weekly technical analysis of Mereo Biopharma (MREO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 10 Thu Oct 2024 | 4.12 | 4.39 | 4.40 | 4.07 | 0.466 times |
| 04 Fri Oct 2024 | 4.40 | 4.16 | 4.50 | 3.94 | 1.63 times |
| 27 Fri Sep 2024 | 4.14 | 4.24 | 4.24 | 3.95 | 0.426 times |
| 20 Fri Sep 2024 | 4.25 | 4.26 | 4.55 | 3.88 | 1.738 times |
| 13 Fri Sep 2024 | 4.28 | 4.37 | 4.72 | 4.01 | 1.348 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 |
| 10 Thu Oct 2024 | 4.12 | 4.15 | 4.50 | 3.94 | 0.367 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
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 to mid 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.
Price action analysis of Mereo Biopharma ( (MREO) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Mereo Biopharma stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Mereo Biopharma in short term and the sell signal is strong.
Mereo Biopharma Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Mereo Biopharma in short term and SELL signal is strong!
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Mereo Biopharma is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 4.24 and Mereo Biopharma (MREO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
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 is giving positive returns over a short term period. Returns for a longer term period have been negative.
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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
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 to mid 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.
Price action analysis of Mereo Biopharma ( (MREO) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Mereo Biopharma stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Mereo Biopharma in short term and the sell signal is strong.
Mereo Biopharma Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Mereo Biopharma in short term and SELL signal is strong!
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Mereo Biopharma is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 4.24 and Mereo Biopharma (MREO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
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 is giving positive returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.