NASDAQ Stock MREO Historical charts - Mereo BioPharma Group plc

Historical charts for Stock MREO - Share Mereo BioPharma Group plc trades in NASDAQ under N A Deals in N A

Moving Averages for

  • 5Day Average: 2.91
  • 12Day Average: 3.01
  • 20Day Average: 2.98
  • 50Day Average: 3.3
  • 100Day Average: 3.71
  • 150Day Average: 3.88

MREO Indicators & signals

Indicator MACD (12,26,9)

2.98, 3.08, -0.12
Indicator MACD is in negative zone

Indicator ADX (14)

0, 38.89, 38.89
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 52
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MREO are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
14 Fri Feb 2025 2.87 2.84 to 2.97 -0.35% 1.26 times
13 Thu Feb 2025 2.88 2.85 to 2.93 -0.69% 0.63 times
12 Wed Feb 2025 2.90 2.80 to 2.94 0% 1.12 times
11 Tue Feb 2025 2.90 2.90 to 3.03 -3.97% 0.68 times
10 Mon Feb 2025 3.02 3.00 to 3.17 -2.89% 0.43 times
07 Fri Feb 2025 3.11 3.03 to 3.12 0.32% 1.28 times
06 Thu Feb 2025 3.10 3.07 to 3.21 -3.43% 1.34 times
05 Wed Feb 2025 3.21 3.13 to 3.26 1.58% 0.75 times
04 Tue Feb 2025 3.16 2.98 to 3.18 5.69% 1.32 times
03 Mon Feb 2025 2.99 2.85 to 3.02 -0.66% 0.99 times
31 Fri Jan 2025 3.01 2.95 to 3.06 2.73% 1.46 times
30 Thu Jan 2025 2.93 2.83 to 2.97 0% 0.88 times

Technical analysis forecast for MREO Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT MREO MREO at this time. Stock is falling and might fall more.

It appears as if MREO MREO gave a large move recently.

Stock of MREO (MREO) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of MREO is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if MREO stays below 2.9, but if it comes above 2.9, then a intra day buy could be more profitable.
If you take a sell trade below 2.9, then use 2.9 as stoploss and 2.8 as target. However if you take a buy trade in MREO, then use 2.9 as stoploss and 3.02 as target.

Tomorrow's movement Prediction of MREO is bearish. The stock has broken weekly support. An up move can be expected only after it starts trading above 2.98

Tomorrow's movement Prediction of MREO is strongly bearish. It has broken a strong support of 3 and is expected to move down further.

Munafa value: 25

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

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NASDAQ Stock MREO Historical charts - Share Mereo BioPharma Group plc

 

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