(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 2024-04-05 View latest technical analysis
10 day averaged volume of Mereo Biopharma is 1129200
Date | Daily Closing Price | Open | High | Low | Volume |
05 Fri Apr 2024 | 3.29 | 3.23 | 3.36 | 3.18 | 0.629 times |
04 Thu Apr 2024 | 3.26 | 3.46 | 3.47 | 3.19 | 0.843 times |
03 Wed Apr 2024 | 3.41 | 3.38 | 3.48 | 3.32 | 0.535 times |
02 Tue Apr 2024 | 3.38 | 3.40 | 3.41 | 3.25 | 0.777 times |
01 Mon Apr 2024 | 3.41 | 3.35 | 3.48 | 3.20 | 0.826 times |
28 Thu Mar 2024 | 3.30 | 3.10 | 3.45 | 3.05 | 2.021 times |
27 Wed Mar 2024 | 3.00 | 3.00 | 3.09 | 2.92 | 0.4 times |
26 Tue Mar 2024 | 2.95 | 2.98 | 3.10 | 2.92 | 0.877 times |
25 Mon Mar 2024 | 2.97 | 2.98 | 3.01 | 2.86 | 1.161 times |
22 Fri Mar 2024 | 2.98 | 2.99 | 3.04 | 2.86 | 1.655 times |
My analysis of stock is bullish for shortterm, and stock might move up till 3.4 or till 3.7. Use a stoploss of 3.21 and if this stock hits its stoploss, then it can fall down till 3.01
Share price targets for Mereo Biopharma (MREO)
Target Type | Value |
Downside Target | 1.95 |
Downside Target | 2.23 |
Downside Target | 2.45 |
Downside Target | 2.86 |
Downside Target | 2.94 |
Downside Target | 3.14 |
Upside Target | 3.43 |
Upside Target | 3.51 |
Upside Target | 3.63 |
Upside Target | 3.99 |
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 | 3.15 |
Downside Intraday Target | 3.02 |
Upside Intraday Target | 3.45 |
Upside Intraday Target | 3.62 |
Upside Intraday Target | 3.32 |
Weekly technical analysis of Mereo Biopharma (MREO)
Date | Weekly Closing Price | Open | High | Low | Volume |
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 |
22 Fri Mar 2024 | 2.98 | 3.03 | 3.14 | 2.86 | 0.65 times |
15 Fri Mar 2024 | 3.11 | 3.52 | 3.63 | 2.94 | 1.603 times |
08 Fri Mar 2024 | 3.58 | 3.99 | 3.99 | 3.51 | 0.557 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 |
05 Fri Apr 2024 | 3.29 | 3.35 | 3.48 | 3.18 | 0.158 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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 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 Weak and stock is gaining momentum.
MACD generated a BUY signal for Mereo Biopharma in short term but the buy signal is initial and weak.
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 HIGHS, which reflects strong buying momentum in short term! 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 moving up
CCI has generated a SELL signal for Mereo Biopharma in short term but SELL signal is weak.
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 3.18 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 rising upwards.
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 is giving positive 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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 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 Weak and stock is gaining momentum.
MACD generated a BUY signal for Mereo Biopharma in short term but the buy signal is initial and weak.
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 HIGHS, which reflects strong buying momentum in short term! 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 moving up
CCI has generated a SELL signal for Mereo Biopharma in short term but SELL signal is weak.
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 3.18 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 rising upwards.
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 is giving positive 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.