MEREO BIOPHARMA GROUP PL-ADR (MREO) Technical Analysis
NASDAQ:MREO • US5894921072
Current stock price
MREO Technical Rating and Analysis
Overall MREO gets a technical rating of 0 out of 10. MREO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, MREO is a bad performer in the overall market: 98% of all stocks are doing better.
- MREO is one of the lesser performing stocks in the Biotechnology industry. 87% of 516 stocks in the same industry do better.
- MREO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month MREO has a been trading in the 0.30 - 0.38 range, which is quite wide. It is currently trading near the lows of this range.
- MREO has an average volume of 2089780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MREO Weekly and Daily overview Charts
MREO Setup Rating and Analysis
MREO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 0.32, a Stop Loss order could be placed below this zone.
More info and screens
MREO Support and Resistance Analysis
0.31
2 important support areas can be observed.
- A support zone ranging from 0.32 to 0.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.31 from a horizontal line in the daily time frame.
MREO Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for MREO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MREO is down. |
| ChartMill Relative Strength | 2.29 | NEGATIVE | MREO has a low relative strength, it was outperformed by 97.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MREO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MREO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MREO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.79 | NEUTRAL | The RSI value for MREO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MREO has a positive trend. |
| Stochastics (14,3) | 36.68 | NEUTRAL | The Stochastics value for MREO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.17 | HIGH VOLATILITY | The high ATR as a percentage value for MREO suggests high volalility. |
| Average Directional Index/ADX (14) | 19.25 | NEGATIVE | The low ADX value for MREO suggests a weak or negative trend. |
MREO Chart- and CandleStick Pattern Analysis
MREO Technicals: Chart, Performance Metrics, Trend & Indicators
0.3388
+0.01 (+2.98%)
MEREO BIOPHARMA GROUP PL-ADR / MREO TA FAQ
What is the ChartMill technical rating of MEREO BIOPHARMA GROUP PL-ADR (MREO) stock?
ChartMill assigns a technical rating of 0 / 10 to MREO.
Can you provide the trend direction for MEREO BIOPHARMA GROUP PL-ADR?
The current trend direction for MEREO BIOPHARMA GROUP PL-ADR (MREO) is Bearish.
What is the RSI signal for MREO stock?
MEREO BIOPHARMA GROUP PL-ADR (MREO) has an RSI value of 44.7915. This indicates that the stock is currently neutral.
What is the MACD signal for MREO stock?
The MACD indicator for MEREO BIOPHARMA GROUP PL-ADR (MREO) has a value of 0.0062366, indicating a bearish trend.
What is the short term momentum for MEREO BIOPHARMA GROUP PL-ADR (MREO) stock?
The short term momentum for MEREO BIOPHARMA GROUP PL-ADR (MREO) is negative.