MEREO BIOPHARMA GROUP PL-ADR (MREO) Stock Technical Analysis
NASDAQ:MREO - Nasdaq - US5894921072 - ADR - Currency: USD
Overall MREO gets a technical rating of 0 out of 10. MREO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
87% 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. Certainly not because the S&P500 Index is trading near new highs.
In the last month MREO has a been trading in the 2.78 - 3.25 range, which is quite wide. It is currently trading near the lows of this range.
MREO has an average volume of 1095940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MREO is part of the Biotechnology industry. There are 571 other stocks in this industry, MREO did better than 50% of them.
Although the technical rating is bad, MREO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 2.84, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MREO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.81
3.90
When analyzing the support we notice one important area.
- A support zone ranging from 2.84 to 2.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.91 to 2.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 3.22 to 3.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.86 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
CRS13.22
Mansfield-2.76
10 Day High3.17
10 Day Low2.78
20 Day High3.26
20 Day Low2.78
52 Week High5.02
52 Week Low2.53
Performance
1 Week-1.04%
2 Weeks-8.06%
1 Month-8.06%
3 Month-23.39%
6 Month-40.99%
12 Month-22.55%
2 Year219.36%
3 Year129.84%
5 Year54.05%
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)0.01
RSI(14)38.17
LBB2.74
UBB3.21
2.85
-0.02 (-0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.7%
1 Week-1.04%
2 Weeks-8.06%
1 Month-8.06%
3 Month-23.39%
6 Month-40.99%
12 Month-22.55%
2 Year219.36%
3 Year129.84%
5 Year54.05%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%4.96%
ATR Inc-28.59%
Range Today0.12
ADR(20)0.14
ADR(20)%4.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.22
Mansfield-2.76
10 Day High3.17
10 Day Low2.78
20 Day High3.26
20 Day Low2.78
52 Week High5.02
52 Week Low2.53
CS1 End2.84
CR1 Start2.91
Volume & EV
DER(3)-0.36%
DER(5)10.66%
Volume815.80K
Volume Incr27.55%
Vol(5)1.23M
Vol(50)1.10M