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 1 out of 10. MREO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 100% of all other stocks performed better in the past year than MREO.
- MREO is part of the Biotechnology industry. There are 518 other stocks in this industry, of which 90% are performing better than MREO.
- MREO is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MREO is lagging the market.
- MREO has an average volume of 11456500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month MREO has a been trading in the 0.35 - 0.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
MREO Weekly and Daily overview Charts
MREO Setup Rating and Analysis
Although the technical rating is bad, MREO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.40. Right above this resistance zone may be a good entry point.
More info and screens
MREO Support and Resistance Analysis
0.37
When analyzing the support we can see 2 important areas.
- Support @0.38 from a horizontal line in the daily time frame.
- A support zone ranging from 0.37 to 0.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.40 to 0.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.44 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 | 0.82 | NEGATIVE | MREO has a low relative strength, it was outperformed by 99.18% 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) | 37.83 | NEUTRAL | The RSI value for MREO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MREO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.41 | NEUTRAL | The Stochastics value for MREO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.97 | HIGH VOLATILITY | The high ATR as a percentage value for MREO suggests high volalility. |
| Average Directional Index/ADX (14) | 26.44 | POSITIVE | The high ADX value value for MREO suggests a strong trend. |
MREO Chart- and CandleStick Pattern Analysis
MREO Technicals: Chart, Performance Metrics, Trend & Indicators
0.386
0 (-0.23%)
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 1 / 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.
Can you provide the RSI signal for MEREO BIOPHARMA GROUP PL-ADR?
MEREO BIOPHARMA GROUP PL-ADR (MREO) has an RSI value of 37.832. This indicates that the stock is currently neutral.
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.
What is the buy/sell signal for MEREO BIOPHARMA GROUP PL-ADR (MREO) stock?
The buy/sell signal for MEREO BIOPHARMA GROUP PL-ADR (MREO) is sell as both the short term and long term trends are negative.