Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Mereo BioPharma Group plc - American Depositary Shares (NASDAQ:MREO)
Countertrend Up (+85) - MREO is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid MREO?
MarketClub looks at technical strength and momentum to determine if the timing is right for MREO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MREO
The long-term trend has been UP since Oct 17th, 2023 at 1.77
The intermediate-term trend has been UP since May 3rd, 2024 at 3.27
The short-term trend has been DOWN since May 7th, 2024 at 3.01
Smart Scan Analysis for MREO
Based on our trend formula, MREO is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.990 | 3.135 | 2.920 | 3.105 | +0.095 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.100 | 530786 | 2024-05-08 15:59:42 |
| 52wk High | 4.36 | 52wk High Date | 2024-02-05 |
| 52wk Low | 0.9201 | 52wk Low Date | 2023-05-31 |
| Average Volume | 967,682 | Shares Outstanding | 102,968 |
| Market Cap | 15M | Assets | 126,417,000M |
| Liabilities | 38,415,000M |