MEREO BIOPHARMA GROUP PL-ADR (MREO)
US5894921072 - ADR
We assign a technical rating of 3 out of 10 to MREO. Although MREO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month MREO has a been trading in the 3.11 - 3.94 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
MREO is part of the Biotechnology industry. There are 568 other stocks in this industry. MREO outperforms 80% of them.
When comparing the yearly performance of all stocks, we notice that MREO is one of the better performing stocks in the market, outperforming 82% of all stocks. However, we also see that MREO couldn't keep up this performance in the last couple of months.
MREO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MREO is lagging the market slightly.
MREO has a poor technical rating and the quality of the setup is also only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
3.25
4.74
We found 1 important support area.
- Support @3.28 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @3.69 from a trend line in the daily time frame.
- Resistance @3.78 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 4.33 to 4.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.69 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
CRS82.39
Mansfield-1.69
10 Day High3.94
10 Day Low3.11
20 Day High3.94
20 Day Low3.11
52 Week High5.02
52 Week Low2.15
Performance
1 Week-10.43%
2 Weeks-11.14%
1 Month-8.97%
3 Month-21.18%
6 Month-15.83%
12 Month57.28%
2 Year346.67%
3 Year109.38%
5 Year2.13%
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)-0.02
RSI(14)37.87
LBB3.18
UBB3.98
MEREO BIOPHARMA GROUP PL-ADR
NASDAQ:MREO (12/20/2024, 8:25:30 PM)
After market: 3.35 0 (0%)3.35
+0.06 (+1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.82%
1 Week-10.43%
2 Weeks-11.14%
1 Month-8.97%
3 Month-21.18%
6 Month-15.83%
12 Month57.28%
2 Year346.67%
3 Year109.38%
5 Year2.13%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%6.85%
ATR Inc-8.14%
Range Today0.28
ADR(20)0.22
ADR(20)%6.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.39
Mansfield-1.69
10 Day High3.94
10 Day Low3.11
20 Day High3.94
20 Day Low3.11
52 Week High5.02
52 Week Low2.15
CS1 End3.28
CR1 Start3.69
Volume & EV
DER(3)-3.71%
DER(5)-1.77%
Volume1.76M
Volume Incr92%
Vol(5)1.65M
Vol(50)808.76K