MREO NEWS why is Mereo Biopharma Group Plc price falling or rising

MREO NEWS reasons for why stock price of Mereo Biopharma Group Plc is falling or rising

MREO Mereo Biopharma is falling or rising technical reasons

Technical analysis forecast for Mereo Biopharma 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 Mereo Biopharma MREO at this time. Stock is falling and might fall more.

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

Stock of Mereo Biopharma (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...

Although my analysis for Mereo Biopharma is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 2.3, for a target of 2.4 or 2.53

MREO Mereo Biopharma is falling or rising NEWS fundamental reasons

More announcements and NEWS

MREO Mereo Biopharma Group Plc current price & indicator signals

Moving Averages for Mereo Biopharma Group Plc

5Day Average: 2.42
12Day Average: 2.5
20Day Average: 2.48
50Day Average: 2.74
100Day Average: 3.23
150Day Average: 3.61
200Day Average: 3.68

MREO Indicators & signals

Indicator MACD (12,26,9)

2.47, 2.58, -0.12
Indicator MACD is in negative zone

Indicator ADX (14)

0, 41.18, 41.18
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

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

Date	Close	Range	Change %	Volume
28 Fri Mar 2025	2.30	2.28 to 2.48	-2.95%	1.04 times
26 Wed Mar 2025	2.37	2.22 to 2.37	-4.82%	2 times
24 Mon Mar 2025	2.49	2.38 to 2.53	4.62%	0.86 times
21 Fri Mar 2025	2.38	2.38 to 2.57	-7.03%	1.25 times
20 Thu Mar 2025	2.56	2.55 to 2.63	-0.78%	0.84 times
19 Wed Mar 2025	2.58	2.52 to 2.61	1.98%	0.78 times
18 Tue Mar 2025	2.53	2.49 to 2.61	-3.8%	0.75 times
17 Mon Mar 2025	2.63	2.55 to 2.66	0.38%	0.7 times
14 Fri Mar 2025	2.62	2.51 to 2.66	4.8%	0.81 times
13 Thu Mar 2025	2.50	2.47 to 2.58	-1.57%	0.89 times
12 Wed Mar 2025	2.54	2.51 to 2.59	1.2%	1.12 times
11 Tue Mar 2025	2.51	2.39 to 2.56	2.45%	1.3 times