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Stock Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

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

Countertrend Down (-85) - MREO is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
2.18 2.18 2.14 2.16 -0.02
Entry Signal

MarketClub’s Trade Triangles for MREO

long term down The long-term trend has been DOWN since Jul 8th, 2021 at 2.770

intermediate term down The intermediate-term trend has been DOWN since Aug 12th, 2021 at 2.400

short term up The short-term trend has been UP since Oct 12th, 2021 at 2.238

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).

-85
Smart Scan Analysis for MREO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.18 2.18 2.14 2.16 -0.02
Prev. Close Volume Bid Ask Time
2.18 250158 2021-10-18 15:59:52
52wk High4.711252wk High Date2021-02-22
52wk Low1.952wk Low Date2020-12-09
Average Volume1,041,341Shares Outstanding102,968
Market Cap15MAssets62,947,000M
Liabilities77,918,000M
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