(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 1209270
| Date | Daily Closing Price | Open | High | Low | Volume |
| 25 Mon Nov 2024 | 3.38 | 3.72 | 3.82 | 3.36 | 0.933 times |
| 22 Fri Nov 2024 | 3.72 | 3.70 | 3.81 | 3.65 | 0.688 times |
| 21 Thu Nov 2024 | 3.68 | 3.60 | 3.69 | 3.45 | 0.715 times |
| 20 Wed Nov 2024 | 3.58 | 3.47 | 3.59 | 3.40 | 0.602 times |
| 19 Tue Nov 2024 | 3.49 | 3.28 | 3.49 | 3.21 | 0.774 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 3.6, but if it comes above 3.6, then a intra day buy could be more profitable.
If you take a sell trade below 3.6, then use 3.6 as stoploss and 3.2 as target. However if you take a buy trade in stock , then use 3.6 as stoploss and 3.92 as target.
Share price targets for Mereo Biopharma (MREO)
| Target Type | Value |
| Downside Target | 3.18 |
| Downside Target | 3.35 |
| Upside Target | 3.51 |
| Upside Target | 3.81 |
| Upside Target | 4.13 |
| Upside Target | 4.28 |
| Upside Target | 4.33 |
| 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 | 3.22 |
| Downside Intraday Target | 3.06 |
| Upside Intraday Target | 3.68 |
| Upside Intraday Target | 3.98 |
| Upside Intraday Target | 3.52 |
Weekly technical analysis of Mereo Biopharma (MREO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 25 Mon Nov 2024 | 3.38 | 3.72 | 3.82 | 3.36 | 0.212 times |
| 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 |
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 |
| 25 Mon Nov 2024 | 3.38 | 4.23 | 4.40 | 3.18 | 1.092 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 | 0.732 times |
| 30 Fri Aug 2024 | 4.69 | 4.06 | 5.02 | 3.35 | 1.21 times |
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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 24, 40, 25 | Sell |
| MACD | -0, -0 | Sell |
| Stochastics | 34 | None |
| CCI | -51 | Sell |
| RSI | 37 | Sell |
| OBV | -5254200 | Sell |
| VWAP | 4 | Sell |
| ADL | 0 | Sell |
| ROC | -21 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Mereo Biopharma ( (MREO) ) based on a short 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 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 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 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 in or above 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 positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 3.63 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.
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