MEREO BIOPHARMA GROUP PL-ADR (MREO) Stock Technical Analysis
NASDAQ:MREO - Nasdaq - US5894921072 - ADR - Currency: USD
Overall MREO gets a technical rating of 5 out of 10. In the past year, MREO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, MREO is a bad performer in the overall market: 72% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month MREO has a been trading in the 2.11 - 2.85 range, which is quite wide. It is currently trading near the high of this range.
MREO has an average volume of 1450550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MREO is part of the Biotechnology industry. There are 557 other stocks in this industry, MREO did better than 67% of them.
MREO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MREO is lagging the market slightly.
MREO has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.01
2.84
When analyzing the support we can see 4 important areas.
- Support @2.28 from a trend line in the daily time frame.
- Support @2.24 from a trend line in the weekly time frame.
- Support @2.18 from a horizontal line in the daily time frame.
- Support @2.03 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.81 to 2.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for MREO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MREO is up. |
| ChartMill Relative Strength | 28.15 | NEGATIVE | MREO has a low relative strength, it was outperformed by 71.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MREO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MREO is above the rising 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) | 63.66 | NEUTRAL | The RSI value for MREO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MREO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.64 | OVERBOUGHT | The high Stochastics value suggests MREO may be overbought. |
| Average True Range in percent/ATR (20) | 5.4 | HIGH VOLATILITY | The high ATR as a percentage value for MREO suggests high volalility. |
| Average Directional Index/ADX (14) | 25.6 | POSITIVE | The high ADX value value for MREO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.8
+0.04 (+1.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.45%
1 Week5.66%
2 Weeks5.66%
1 Month22.27%
3 Month17.65%
6 Month-16.42%
12 Month-29.65%
2 Year112.12%
3 Year150%
5 Year-8.5%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%5.4%
ATR Inc-42.13%
Range Today0.08
ADR(20)0.15
ADR(20)%5.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.15
Mansfield-2.04
10 Day High2.85
10 Day Low2.44
20 Day High2.85
20 Day Low2.11
52 Week High5.02
52 Week Low1.58
CS1 End2.28
CR1 Start2.81
Volume & EV
DER(3)0.84%
DER(5)2.53%
Volume1.40M
Volume Incr-11.92%
Vol(5)1.07M
Vol(50)1.45M