(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 2024-08-08 View latest technical analysis
10 day averaged volume of Mereo Biopharma is 1102570
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Thu Aug 2024 | 3.81 | 3.67 | 3.84 | 3.57 | 0.639 times |
| 07 Wed Aug 2024 | 3.66 | 3.90 | 3.90 | 3.61 | 0.864 times |
| 06 Tue Aug 2024 | 3.83 | 3.85 | 3.95 | 3.76 | 0.663 times |
| 05 Mon Aug 2024 | 3.90 | 3.49 | 3.92 | 3.35 | 1.35 times |
| 02 Fri Aug 2024 | 3.87 | 3.85 | 3.96 | 3.81 | 1.101 times |
| 01 Thu Aug 2024 | 3.98 | 4.06 | 4.12 | 3.95 | 0.985 times |
| 31 Wed Jul 2024 | 4.06 | 3.99 | 4.16 | 3.85 | 0.894 times |
| 30 Tue Jul 2024 | 3.99 | 4.16 | 4.29 | 3.95 | 1.142 times |
| 29 Mon Jul 2024 | 4.14 | 4.17 | 4.42 | 4.11 | 1.103 times |
| 26 Fri Jul 2024 | 4.16 | 4.16 | 4.19 | 3.96 | 0.425 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 3.8 as stoploss in an intra day buy trade for a target of 3.98. However, stock will show a bearish move below 3.8.
Share price targets for Mereo Biopharma (MREO)
| Target Type | Value |
| Downside Target | 2.53 |
| Downside Target | 2.88 |
| Downside Target | 3.26 |
| Downside Target | 3.35 |
| Downside Target | 3.48 |
| Downside Target | 3.76 |
| Upside Target | 3.95 |
| Upside Target | 4.12 |
| Upside Target | 4.17 |
| Upside Target | 4.27 |
| Upside Target | 4.34 |
| Upside Target | 4.42 |
| Upside Target | 4.50 |
Intraday share price targets for Mereo Biopharma (MREO)
| Target Type | Value |
| Downside Intraday Target | 3.46 |
| Downside Intraday Target | 3.1 |
| Upside Intraday Target | 4.06 |
| Upside Intraday Target | 4.3 |
| Downside Intraday Target | 3.7 |
Weekly technical analysis of Mereo Biopharma (MREO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Thu Aug 2024 | 3.81 | 3.49 | 3.95 | 3.35 | 0.673 times |
| 02 Fri Aug 2024 | 3.87 | 4.17 | 4.42 | 3.81 | 1.41 times |
| 26 Fri Jul 2024 | 4.16 | 3.86 | 4.27 | 3.76 | 1.135 times |
| 19 Fri Jul 2024 | 3.88 | 4.18 | 4.34 | 3.78 | 0.788 times |
| 12 Fri Jul 2024 | 4.15 | 3.63 | 4.17 | 3.53 | 4.569 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 |
| 08 Thu Aug 2024 | 3.81 | 4.06 | 4.12 | 3.35 | 0.324 times |
| 31 Wed Jul 2024 | 4.06 | 3.51 | 4.42 | 3.37 | 0.59 times |
| 28 Fri Jun 2024 | 3.60 | 3.45 | 4.50 | 3.26 | 1.782 times |
| 31 Fri May 2024 | 3.45 | 3.06 | 3.81 | 2.88 | 0.916 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Mereo Biopharma stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Mereo Biopharma in short term but the sell 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 in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Mereo Biopharma in short term but BUY signal is weak.
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
Stock of Mereo Biopharma is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 3.94 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 positive
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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Mereo Biopharma stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Mereo Biopharma in short term but the sell 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 in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Mereo Biopharma in short term but BUY signal is weak.
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
Stock of Mereo Biopharma is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 3.94 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.