MEREO BIOPHARMA GROUP PL-ADR (MREO) Stock Technical Analysis
USA - NASDAQ:MREO - US5894921072 - ADR
Taking everything into account, MREO scores 1 out of 10 in our technical rating. 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.
The technical rating of MREO is bad and it also does not present a quality setup 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
1.73
We found 1 important support area.
- Support @1.75 from a horizontal line in the daily time frame.
We can see 6 important resistance areas.
- A resistance zone ranging from 1.88 to 1.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.02 from a trend line in the weekly time frame.
- Resistance @2.06 from a horizontal line in the weekly time frame.
- Resistance @2.10 from a trend line in the daily time frame.
- Resistance @2.72 from a trend line in the daily time frame.
- Resistance @2.91 from a horizontal line in the daily time frame.
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 | 14.35 | NEGATIVE | MREO has a low relative strength, it was outperformed by 85.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MREO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MREO is below 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) | 41.67 | NEUTRAL | The RSI value for MREO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MREO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.23 | OVERSOLD | The low Stochastics value suggests MREO may be oversold. |
| Average True Range in percent/ATR (20) | 6.54 | HIGH VOLATILITY | The high ATR as a percentage value for MREO suggests high volalility. |
| Average Directional Index/ADX (14) | 25.08 | POSITIVE | The high ADX value value for MREO suggests a strong trend. |
1.8
+0.04 (+2.27%)
MEREO BIOPHARMA GROUP PL-ADR / MREO FAQ
What is the ChartMill technical rating of MEREO BIOPHARMA GROUP PL-ADR (MREO) stock?
ChartMill assigns a technical rating of 1 / 10 to MREO.
What is the trend direction for MREO stock?
The current trend direction for MEREO BIOPHARMA GROUP PL-ADR (MREO) is Bearish.
Can you provide the RSI signal for MEREO BIOPHARMA GROUP PL-ADR?
MEREO BIOPHARMA GROUP PL-ADR (MREO) has an RSI value of 41.6714. 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 -0.0344686, indicating a bearish trend.
Can you provide the buy/sell signal for MEREO BIOPHARMA GROUP PL-ADR?
The buy/sell signal for MEREO BIOPHARMA GROUP PL-ADR (MREO) is sell as both the short term and long term trends are negative.