MEREO BIOPHARMA GROUP PL-ADR (MREO) Stock Technical Analysis
NASDAQ:MREO - US5894921072 - ADR
1.7 USD
+0.05 (+3.03%)
1.7 USD
0 (0%)
We assign a technical rating of 0 out of 10 to MREO. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
97% of all other stocks performed better in the past year than MREO.
MREO is one of the lesser performing stocks in the Biotechnology industry. 80% of 549 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.
MREO has an average volume of 2568370 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 1.47 - 1.83 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.
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 very little resistance above the current price.
More info and screens
1.50
2.94
When analyzing the support we notice one important area.
- A support zone ranging from 1.52 to 1.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- Resistance @1.70 from a trend line in the daily time frame.
- A resistance zone ranging from 1.75 to 1.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.54 from a trend line in the weekly time frame.
- Resistance @2.68 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 | 3.62 | NEGATIVE | MREO has a low relative strength, it was outperformed by 96.38% 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) | 44.9 | NEUTRAL | The RSI value for MREO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MREO has a positive trend. |
| Stochastics (14,3) | 61.29 | NEUTRAL | The Stochastics value for MREO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.86 | MEDIUM VOLATILITY | The ATR as a percentage value for MREO suggests some volalility. |
| Average Directional Index/ADX (14) | 22 | NEUTRAL | The ADX value for MREO suggests a possible start of a new 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)
1.7
+0.05 (+3.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.03%
1 Week-2.3%
2 Weeks11.11%
1 Month-3.41%
3 Month-24.11%
6 Month-40.35%
12 Month-64.8%
2 Year24.09%
3 Year41.67%
5 Year-43.14%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%4.86%
ATR Inc-13.38%
Range Today0.09
ADR(20)0.08
ADR(20)%4.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.62
Mansfield-4.88
10 Day High1.78
10 Day Low1.47
20 Day High1.83
20 Day Low1.47
52 Week High4.95
52 Week Low1.47
CS1 End1.53
CR1 Start1.7
Volume & EV
DER(3)-7.83%
DER(5)-5.39%
Volume1.52M
Volume Incr-43.47%
Vol(5)962.38K
Vol(50)2.57M