1.92 USD
-0.18 (-8.57%)
1.97 USD
+0.05 (+2.6%)
We assign a technical rating of 4 out of 10 to MREO. In the last year, MREO was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
83% of all other stocks performed better in the past year than MREO.
MREO is one of the lesser performing stocks in the Biotechnology industry. 62% of 529 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.
MREO has an average volume of 1795290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
In the last month MREO has a been trading in the 1.74 - 2.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MREO has an average technical rating and it also does not offer a high 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
1.71
2.30
We found 3 important support areas.
- Support @1.87 from a trend line in the weekly time frame.
- A support zone ranging from 1.78 to 1.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.73 to 1.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.94 to 1.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.18 to 2.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.28 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for MREO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MREO is neutral. |
| ChartMill Relative Strength | 17.74 | NEGATIVE | MREO has a low relative strength, it was outperformed by 82.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MREO is below the rising 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) | 45.65 | NEUTRAL | The RSI value for MREO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MREO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.38 | NEUTRAL | The Stochastics value for MREO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.4 | HIGH VOLATILITY | The high ATR as a percentage value for MREO suggests high volalility. |
| Average Directional Index/ADX (14) | 28.88 | 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)
1.92
-0.18 (-8.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-8.57%
1 Week-16.88%
2 Weeks-2.04%
1 Month5.49%
3 Month10.34%
6 Month-32.63%
12 Month-42.69%
2 Year-16.88%
3 Year156%
5 Year-46.37%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%7.4%
ATR Inc10.96%
Range Today0.24
ADR(20)0.14
ADR(20)%7.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.74
3 months CRS85.74
6 months CRS9.02
Mansfield-2.41
10 Day High2.37
10 Day Low1.89
20 Day High2.37
20 Day Low1.74
52 Week High3.88
52 Week Low1.47
CS1 End1.87
CR1 Start1.94
Volume & EV
DER(3)-3.02%
DER(5)-1.8%
Volume3.05M
Volume Incr1.79%
Vol(5)2.12M
Vol(50)1.80M
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 4 / 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 45.6463. 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 0.00393214, indicating a bearish trend.