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.
- 99% of all other stocks performed better in the past year than MREO.
- MREO is one of the lesser performing stocks in the Biotechnology industry. 89% of 528 stocks in the same industry do better.
- MREO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month MREO has a been trading in the 0.20 - 2.35 range, which is quite wide. It is currently trading near the lows of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- MREO has an average volume of 16376600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MREO has a poor technical rating and the quality of the setup is also not perfect 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
0.63
When analyzing the resistance we notice one important area.
- Resistance @0.72 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 | 1.6 | NEGATIVE | MREO has a low relative strength, it was outperformed by 98.4% 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) | 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) | 35.69 | 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. |
| Stochastics (14,3) | 40.66 | NEUTRAL | The Stochastics value for MREO is a neutral value. |
| Average True Range in percent/ATR (20) | 35.88 | HIGH VOLATILITY | The high ATR as a percentage value for MREO suggests high volalility. |
| Average Directional Index/ADX (14) | 34.73 | POSITIVE | The high ADX value value for MREO suggests a strong trend. |
0.64
-0.03 (-4.55%)
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 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.
Can you provide the RSI signal for MEREO BIOPHARMA GROUP PL-ADR?
MEREO BIOPHARMA GROUP PL-ADR (MREO) has an RSI value of 35.6921. 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.