(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 938940
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Mon Apr 2024 | 2.79 | 2.73 | 2.81 | 2.62 | 1.134 times |
| 19 Fri Apr 2024 | 2.64 | 2.62 | 2.67 | 2.53 | 0.972 times |
| 18 Thu Apr 2024 | 2.65 | 2.56 | 2.68 | 2.53 | 0.868 times |
| 17 Wed Apr 2024 | 2.58 | 2.70 | 2.71 | 2.58 | 0.64 times |
| 16 Tue Apr 2024 | 2.69 | 2.68 | 2.70 | 2.61 | 0.63 times |
| 15 Mon Apr 2024 | 2.67 | 2.68 | 2.72 | 2.61 | 1.333 times |
| 12 Fri Apr 2024 | 2.72 | 2.80 | 2.82 | 2.64 | 1.396 times |
| 11 Thu Apr 2024 | 2.74 | 2.96 | 3.00 | 2.72 | 1.759 times |
| 10 Wed Apr 2024 | 2.94 | 3.03 | 3.07 | 2.93 | 0.827 times |
| 09 Tue Apr 2024 | 3.13 | 3.18 | 3.18 | 2.98 | 0.907 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 2.98. 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 | 2.81 |
| 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 | 2.67 |
| Downside Intraday Target | 2.55 |
| Upside Intraday Target | 2.86 |
| Upside Intraday Target | 2.93 |
| Downside Intraday Target | 2.74 |
Weekly technical analysis of Mereo Biopharma (MREO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Mon Apr 2024 | 2.79 | 2.73 | 2.81 | 2.62 | 0.255 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 |
| 22 Mon Apr 2024 | 2.79 | 3.35 | 3.48 | 2.53 | 0.562 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 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 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 2.75 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 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 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 2.75 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.