(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.
10 day averaged volume of Mereo Biopharma is 976540
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Wed Apr 2024 | 2.78 | 2.76 | 2.89 | 2.76 | 0.766 times |
| 23 Tue Apr 2024 | 2.78 | 2.81 | 2.85 | 2.75 | 0.809 times |
| 22 Mon Apr 2024 | 2.79 | 2.73 | 2.81 | 2.62 | 1.09 times |
| 19 Fri Apr 2024 | 2.64 | 2.62 | 2.67 | 2.53 | 0.935 times |
| 18 Thu Apr 2024 | 2.65 | 2.56 | 2.68 | 2.53 | 0.834 times |
| 17 Wed Apr 2024 | 2.58 | 2.70 | 2.71 | 2.58 | 0.616 times |
| 16 Tue Apr 2024 | 2.69 | 2.68 | 2.70 | 2.61 | 0.606 times |
| 15 Mon Apr 2024 | 2.67 | 2.68 | 2.72 | 2.61 | 1.281 times |
| 12 Fri Apr 2024 | 2.72 | 2.80 | 2.82 | 2.64 | 1.342 times |
| 11 Thu Apr 2024 | 2.74 | 2.96 | 3.00 | 2.72 | 1.691 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 2.7 as stoploss in an intra day buy trade for a target of 2.97. However, stock will show a bearish move below 2.7.
Share price targets for Mereo Biopharma (MREO)
| Target Type | Value |
| Downside Target | 1.95 |
| Downside Target | 2.23 |
| Downside Target | 2.45 |
| Downside Target | 2.53 |
| Downside Target | 2.62 |
| Downside Target | 2.72 |
| Upside Target | 2.86 |
| Upside Target | 3.18 |
| Upside Target | 3.27 |
| 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 | 2.64 |
| Downside Intraday Target | 2.49 |
| Upside Intraday Target | 2.91 |
| Upside Intraday Target | 3.03 |
| Downside Intraday Target | 2.76 |
Weekly technical analysis of Mereo Biopharma (MREO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Wed Apr 2024 | 2.78 | 2.73 | 2.89 | 2.62 | 0.624 times |
| 19 Fri Apr 2024 | 2.64 | 2.68 | 2.72 | 2.53 | 0.8 times |
| 12 Fri Apr 2024 | 2.72 | 3.27 | 3.27 | 2.64 | 1.28 times |
| 05 Fri Apr 2024 | 3.29 | 3.35 | 3.48 | 3.18 | 0.81 times |
| 28 Thu Mar 2024 | 3.30 | 2.98 | 3.45 | 2.86 | 0.961 times |
Price has moved up 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 |
| 24 Wed Apr 2024 | 2.78 | 3.35 | 3.48 | 2.53 | 0.621 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 |
| 31 Wed Jan 2024 | 3.79 | 2.33 | 4.18 | 2.23 | 3.424 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 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 short 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mereo Biopharma in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a buy signal for Mereo Biopharma in short term and BUY signal is strong.
RSI is generating a BUY signal in short term but buying is losing 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 2.71 and Mereo Biopharma (MREO) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 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 short 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mereo Biopharma in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a buy signal for Mereo Biopharma in short term and BUY signal is strong.
RSI is generating a BUY signal in short term but buying is losing 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 2.71 and Mereo Biopharma (MREO) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.