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(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 2024-08-09 View latest technical analysis

10 day averaged volume of Mereo Biopharma is 1010750

Date Daily Closing Price Open High Low Volume
09 Fri Aug 2024 3.78 3.82 3.89 3.77 0.849 times
08 Thu Aug 2024 3.81 3.67 3.84 3.57 0.697 times
07 Wed Aug 2024 3.66 3.90 3.90 3.61 0.943 times
06 Tue Aug 2024 3.83 3.85 3.95 3.76 0.723 times
05 Mon Aug 2024 3.90 3.49 3.92 3.35 1.473 times
02 Fri Aug 2024 3.87 3.85 3.96 3.81 1.201 times
01 Thu Aug 2024 3.98 4.06 4.12 3.95 1.074 times
31 Wed Jul 2024 4.06 3.99 4.16 3.85 0.975 times
30 Tue Jul 2024 3.99 4.16 4.29 3.95 1.246 times
29 Mon Jul 2024 4.14 4.17 4.42 4.11 1.204 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 3.8, but if it comes above 3.8, then a intra day buy could be more profitable.
If you take a sell trade below 3.8, then use 3.8 as stoploss and 3.7 as target. However if you take a buy trade in stock , then use 3.8 as stoploss and 3.96 as target.

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 3.44
Downside Intraday Target 3.09
Upside Intraday Target 4.04
Upside Intraday Target 4.29
Downside Intraday Target 3.69

Weekly technical analysis of Mereo Biopharma (MREO)

Date Weekly Closing Price Open High Low Volume
09 Fri Aug 2024 3.78 3.49 3.95 3.35 0.822 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
09 Fri Aug 2024 3.78 4.06 4.12 3.35 0.369 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 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 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 coming down

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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 3.92 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 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 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 coming down

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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 3.92 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.

Daily charts

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Daily chart
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