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.
MarketClub’s Trade Triangles for MREO
The long-term trend has been DOWN since Jul 8th, 2021 at 2.770
The intermediate-term trend has been DOWN since Aug 12th, 2021 at 2.400
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).
|52wk High||4.7112||52wk High Date||2021-02-22|
|52wk Low||1.9||52wk Low Date||2020-12-09|
|Average Volume||1,041,341||Shares Outstanding||102,968|