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Stock Trend Analysis Report

Prepared for you on Tuesday, August 9, 2022.

Mereo BioPharma Group plc - American Depositary Shares (NASDAQ:MREO)

Sidelines Mode (-55) - MREO is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

NASDAQ_MREO
Open High Low MREO Price Change
1.18 1.22 1.14 1.16 -0.02
Entry Signal

MarketClub’s Trade Triangles for MREO

long term up The long-term trend has been UP since Jun 17th, 2022 at 1.560

intermediate term down The intermediate-term trend has been DOWN since Jul 29th, 2022 at 1.245

short term up The short-term trend has been UP since Aug 5th, 2022 at 1.230

Smart Scan Analysis for MREO

Based on our trend formula, MREO is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for MREO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.18 1.22 1.14 1.16 -0.02
Prev. Close Volume Bid Ask Time
1.18 757980 2022-08-09 13:22:16
52wk High2.9452wk High Date2021-08-09
52wk Low0.30152wk Low Date2022-05-12
Average Volume1,834,405Shares Outstanding102,968
Market Cap15MAssets126,417,000M
Liabilities38,415,000M
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