(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 2024-05-14 View latest technical analysis
10 day averaged volume of Mereo Biopharma is 871380
Date | Daily Closing Price | Open | High | Low | Volume |
14 Tue May 2024 | 2.96 | 3.00 | 3.06 | 2.93 | 0.613 times |
13 Mon May 2024 | 2.97 | 3.04 | 3.14 | 2.97 | 0.543 times |
10 Fri May 2024 | 3.03 | 3.25 | 3.33 | 3.03 | 0.973 times |
09 Thu May 2024 | 3.27 | 3.10 | 3.29 | 3.04 | 0.573 times |
08 Wed May 2024 | 3.10 | 2.99 | 3.14 | 2.92 | 0.621 times |
07 Tue May 2024 | 3.01 | 3.09 | 3.13 | 2.97 | 0.789 times |
06 Mon May 2024 | 3.10 | 3.30 | 3.31 | 3.01 | 0.959 times |
03 Fri May 2024 | 3.26 | 3.16 | 3.35 | 3.14 | 0.982 times |
02 Thu May 2024 | 3.11 | 3.18 | 3.24 | 3.11 | 0.495 times |
01 Wed May 2024 | 3.15 | 3.06 | 3.22 | 3.01 | 2.252 times |
My analysis of stock is bullish for shortterm, and stock might move up till 3.1 or till 3.4. Use a stoploss of 2.93 and if this stock hits its stoploss, then it can fall down till 2.73
Share price targets for Mereo Biopharma (MREO)
Target Type | Value |
Downside Target | 2.23 |
Downside Target | 2.53 |
Downside Target | 2.62 |
Downside Target | 2.86 |
Upside Target | 3.14 |
Upside Target | 3.33 |
Upside Target | 3.35 |
Upside Target | 3.43 |
Upside Target | 3.48 |
Upside Target | 4.07 |
Upside Target | 4.18 |
Upside Target | 4.36 |
Intraday share price targets for Mereo Biopharma (MREO)
Target Type | Value |
Downside Intraday Target | 2.88 |
Downside Intraday Target | 2.8 |
Upside Intraday Target | 3.09 |
Upside Intraday Target | 3.22 |
Upside Intraday Target | 3.01 |
Weekly technical analysis of Mereo Biopharma (MREO)
Date | Weekly Closing Price | Open | High | Low | Volume |
14 Tue May 2024 | 2.96 | 3.04 | 3.14 | 2.93 | 0.295 times |
10 Fri May 2024 | 3.03 | 3.30 | 3.33 | 2.92 | 0.637 times |
03 Fri May 2024 | 3.26 | 2.75 | 3.35 | 2.67 | 1.277 times |
26 Fri Apr 2024 | 2.74 | 2.73 | 2.89 | 2.62 | 1.006 times |
19 Fri Apr 2024 | 2.64 | 2.68 | 2.72 | 2.53 | 0.8 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 |
14 Tue May 2024 | 2.96 | 3.06 | 3.35 | 2.92 | 0.388 times |
30 Tue Apr 2024 | 3.05 | 3.35 | 3.48 | 2.53 | 0.765 times |
28 Thu Mar 2024 | 3.30 | 3.79 | 4.07 | 2.86 | 0.795 times |
29 Thu Feb 2024 | 3.80 | 3.80 | 4.36 | 3.43 | 0.61 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Mereo Biopharma ( (MREO) ) based on a short 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 short to mid 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 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 BUY signal for Mereo Biopharma in short term but the buy signal is initial and weak.
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 below 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 BUY signal in short term and the buying is gaining 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 3.11 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.
Price action analysis of Mereo Biopharma ( (MREO) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Mereo Biopharma ( (MREO) ) based on a short 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 short to mid 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 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 BUY signal for Mereo Biopharma in short term but the buy signal is initial and weak.
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 below 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 BUY signal in short term and the buying is gaining 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 3.11 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.