MEREO BIOPHARMA GROUP PL-ADR (MREO) Stock Technical Analysis
NASDAQ:MREO - Nasdaq - US5894921072 - ADR - Currency: USD
Taking everything into account, MREO scores 2 out of 10 in our technical rating. In the past year, MREO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
77% of all other stocks performed better in the past year than MREO.
MREO is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month MREO has a been trading in the 1.58 - 2.65 range, which is quite wide. It is currently trading near the high of this range.
MREO has an average volume of 1647000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
MREO is part of the Biotechnology industry. There are 566 other stocks in this industry, MREO did better than 65% of them.
The technical rating of MREO is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.96
2.65
We found 1 important support area.
- Support @1.98 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.51 to 2.54. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @2.62 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.3
Mansfield-2.66
10 Day High2.65
10 Day Low1.89
20 Day High2.65
20 Day Low1.58
52 Week High5.02
52 Week Low1.58
Performance
1 Week0.8%
2 Weeks32.63%
1 Month12%
3 Month-16.28%
6 Month-41.12%
12 Month-22.7%
2 Year92.37%
3 Year306.52%
5 Year83.94%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.08
RSI(14)57.53
LBB1.69
UBB2.82
NASDAQ:MREO (4/30/2025, 10:48:54 AM)
2.5
-0.02 (-0.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.79%
1 Week0.8%
2 Weeks32.63%
1 Month12%
3 Month-16.28%
6 Month-41.12%
12 Month-22.7%
2 Year92.37%
3 Year306.52%
5 Year83.94%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%7.93%
ATR Inc-34.05%
Range Today0.02
ADR(20)0.2
ADR(20)%7.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.3
Mansfield-2.66
10 Day High2.65
10 Day Low1.89
20 Day High2.65
20 Day Low1.58
52 Week High5.02
52 Week Low1.58
CS1 End1.98
CR1 Start2.53
Volume & EV
DER(3)1.5%
DER(5)-2%
Volume6.42K
Volume Incr-0.98%
Vol(5)1.88M
Vol(50)1.65M