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Stock Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

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
3.740 3.840 3.650 3.755 -0.055
Entry Signal

MarketClub’s Trade Triangles for MREO

long term down The long-term trend has been DOWN since Nov 18th, 2024 at 3.350

intermediate term down The intermediate-term trend has been DOWN since Dec 16th, 2024 at 3.315

short term up The short-term trend has been UP since Dec 24th, 2024 at 3.390

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
3.740 3.840 3.650 3.755 -0.055
Prev. Close Volume Bid Ask Time
3.810 443779 2024-12-26 14:36:42
52wk High5.0252wk High Date2024-08-23
52wk Low2.1552wk Low Date2023-12-26
Average Volume940,141Shares Outstanding102,968
Market Cap15MAssets126,417,000M
Liabilities38,415,000M
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