(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 2024-11-18 View latest technical analysis
10 day averaged volume of Mereo Biopharma is 846910
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Mon Nov 2024 | 3.33 | 3.60 | 3.60 | 3.18 | 2.32 times |
| 15 Fri Nov 2024 | 3.53 | 3.79 | 3.82 | 3.51 | 2.526 times |
| 14 Thu Nov 2024 | 3.82 | 4.05 | 4.14 | 3.78 | 1.844 times |
| 13 Wed Nov 2024 | 4.05 | 4.04 | 4.21 | 3.97 | 1.139 times |
| 12 Tue Nov 2024 | 4.10 | 4.16 | 4.29 | 4.02 | 1.149 times |
| 11 Mon Nov 2024 | 4.28 | 4.29 | 4.40 | 4.23 | 0.522 times |
| 08 Fri Nov 2024 | 4.26 | 4.08 | 4.28 | 4.05 | 0.392 times |
| 07 Thu Nov 2024 | 4.09 | 4.09 | 4.20 | 4.07 | 0.636 times |
| 06 Wed Nov 2024 | 4.10 | 4.15 | 4.21 | 4.07 | 0.472 times |
| 05 Tue Nov 2024 | 4.10 | 4.00 | 4.10 | 3.98 | 0.409 times |
Stock of Mereo Biopharma (MREO) has showed a significant fall. This could be a good time to exit from this stock.
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 3.5, for a target of 3.8 or 4.1
Share price targets for Mereo Biopharma (MREO)
| Target Type | Value |
| Downside Target | 3.18 |
| Upside Target | 3.35 |
| Upside Target | 3.51 |
| Upside Target | 3.60 |
| Upside Target | 3.88 |
| Upside Target | 4.28 |
| Upside Target | 4.40 |
| Upside Target | 4.42 |
| 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 | 3.14 |
| Downside Intraday Target | 2.95 |
| Upside Intraday Target | 3.56 |
| Upside Intraday Target | 3.79 |
| Upside Intraday Target | 3.37 |
Weekly technical analysis of Mereo Biopharma (MREO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Mon Nov 2024 | 3.33 | 3.60 | 3.60 | 3.18 | 0.323 times |
| 15 Fri Nov 2024 | 3.53 | 4.29 | 4.40 | 3.51 | 2.547 times |
| 08 Fri Nov 2024 | 4.26 | 4.24 | 4.28 | 3.98 | 0.926 times |
| 01 Fri Nov 2024 | 4.28 | 4.25 | 4.33 | 4.13 | 0.932 times |
| 25 Fri Oct 2024 | 4.26 | 4.61 | 4.72 | 4.05 | 0.989 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 |
| 18 Mon Nov 2024 | 3.33 | 4.23 | 4.40 | 3.18 | 0.774 times |
| 31 Thu Oct 2024 | 4.21 | 4.15 | 4.72 | 3.94 | 0.879 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 |
Scroll below to view daily charts
Price has moved down 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 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 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 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 Strong 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 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 coming down
CCI has generated a SELL signal for Mereo Biopharma in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up 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 3.78 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 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 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 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 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 Strong 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 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 coming down
CCI has generated a SELL signal for Mereo Biopharma in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up 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 3.78 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.