(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 2024-12-16 View latest technical analysis
10 day averaged volume of Mereo Biopharma is 705631
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Mon Dec 2024 | 3.45 | 3.66 | 3.74 | 3.26 | 3.17 times |
| 13 Fri Dec 2024 | 3.74 | 3.71 | 3.78 | 3.63 | 0.65 times |
| 12 Thu Dec 2024 | 3.73 | 3.83 | 3.90 | 3.62 | 0.91 times |
| 11 Wed Dec 2024 | 3.85 | 3.86 | 3.92 | 3.79 | 0.71 times |
| 10 Tue Dec 2024 | 3.86 | 3.82 | 3.93 | 3.75 | 0.747 times |
| 09 Mon Dec 2024 | 3.80 | 3.94 | 3.94 | 3.70 | 0.865 times |
| 26 Tue Nov 2024 | 3.40 | 3.38 | 3.46 | 3.32 | 1.057 times |
| 26 Tue Nov 2024 | 3.40 | 3.38 | 3.46 | 3.32 | 1.057 times |
| 25 Mon Nov 2024 | 3.38 | 3.72 | 3.82 | 3.36 | 1.6 times |
| 22 Fri Nov 2024 | 3.72 | 3.70 | 3.81 | 3.65 | 1.178 times |
Stock of Mereo Biopharma (MREO) has showed a significant fall. This could be a good time to exit from this stock.
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 3.4 as stoploss in an intra day buy trade for a target of 3.72. However, stock will show a bearish move below 3.4.
Share price targets for Mereo Biopharma (MREO)
| Target Type | Value |
| Downside Target | 3.18 |
| Downside Target | 3.26 |
| Upside Target | 3.46 |
| Upside Target | 3.62 |
| Upside Target | 3.74 |
| Upside Target | 3.94 |
| Upside Target | 4.40 |
| Upside Target | 4.72 |
| Upside Target | 4.80 |
| Upside Target | 5.02 |
Intraday share price targets for Mereo Biopharma (MREO)
| Target Type | Value |
| Downside Intraday Target | 3.23 |
| Downside Intraday Target | 3 |
| Upside Intraday Target | 3.71 |
| Upside Intraday Target | 3.96 |
| Upside Intraday Target | 3.48 |
Weekly technical analysis of Mereo Biopharma (MREO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Mon Dec 2024 | 3.45 | 3.66 | 3.74 | 3.26 | 0.816 times |
| 13 Fri Dec 2024 | 3.74 | 3.94 | 3.94 | 3.62 | 3.674 times |
| 26 Tue Nov 2024 | 3.40 | 3.38 | 3.46 | 3.32 | 0.398 times |
| 26 Tue Nov 2024 | 3.40 | 3.72 | 3.82 | 3.32 | 0.352 times |
| 22 Fri Nov 2024 | 3.72 | 3.60 | 3.81 | 3.18 | 0.876 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 |
| 16 Mon Dec 2024 | 3.45 | 3.94 | 3.94 | 3.26 | 0.295 times |
| 26 Tue Nov 2024 | 3.40 | 4.23 | 4.40 | 3.18 | 1.198 times |
| 31 Thu Oct 2024 | 4.21 | 4.15 | 4.72 | 3.94 | 0.879 times |
| 30 Mon Sep 2024 | 4.11 | 4.70 | 4.80 | 3.88 | 0.715 times |
Scroll below to view daily charts
Price has moved up 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 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 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 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 SELL. Signal strength is Strong and stock is gaining 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. Bulls are getting tired and bears 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 SELL signal for Mereo Biopharma in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up 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 3.57 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 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 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 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 SELL. Signal strength is Strong and stock is gaining 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. Bulls are getting tired and bears 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 SELL signal for Mereo Biopharma in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up 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 3.57 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.