(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 2024-11-22 View latest technical analysis
10 day averaged volume of Mereo Biopharma is 1090650
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Fri Nov 2024 | 3.72 | 3.70 | 3.81 | 3.65 | 0.762 times |
| 21 Thu Nov 2024 | 3.68 | 3.60 | 3.69 | 3.45 | 0.793 times |
| 20 Wed Nov 2024 | 3.58 | 3.47 | 3.59 | 3.40 | 0.667 times |
| 19 Tue Nov 2024 | 3.49 | 3.28 | 3.49 | 3.21 | 0.859 times |
| 18 Mon Nov 2024 | 3.33 | 3.60 | 3.60 | 3.18 | 1.801 times |
| 15 Fri Nov 2024 | 3.53 | 3.79 | 3.82 | 3.51 | 1.962 times |
| 14 Thu Nov 2024 | 3.82 | 4.05 | 4.14 | 3.78 | 1.432 times |
| 13 Wed Nov 2024 | 4.05 | 4.04 | 4.21 | 3.97 | 0.884 times |
| 12 Tue Nov 2024 | 4.10 | 4.16 | 4.29 | 4.02 | 0.892 times |
| 11 Mon Nov 2024 | 4.28 | 4.29 | 4.40 | 4.23 | 0.406 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 3.7 as stoploss in an intra day buy trade for a target of 3.96. However, stock will show a bearish move below 3.7.
Share price targets for Mereo Biopharma (MREO)
| Target Type | Value |
| Downside Target | 3.18 |
| Downside Target | 3.35 |
| Downside Target | 3.51 |
| Upside Target | 3.81 |
| 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 | 3.33 |
| Downside Intraday Target | 2.94 |
| Upside Intraday Target | 3.96 |
| Upside Intraday Target | 4.2 |
| Downside Intraday Target | 3.57 |
Weekly technical analysis of Mereo Biopharma (MREO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Fri Nov 2024 | 3.72 | 3.60 | 3.81 | 3.18 | 0.876 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 up 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 |
| 22 Fri Nov 2024 | 3.72 | 4.23 | 4.40 | 3.18 | 1.012 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 Weak and stock is losing momentum.
MACD generated a SELL signal for Mereo Biopharma in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above 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 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 3.68 and Mereo Biopharma (MREO) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 Weak and stock is losing momentum.
MACD generated a SELL signal for Mereo Biopharma in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above 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 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 3.68 and Mereo Biopharma (MREO) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.