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Stock Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Mereo BioPharma Group plc - American Depositary Shares (NASDAQ:MREO)
Strong Uptrend (+100) - MREO is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MREO continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Jul 15th, 2024 at 4.17
The short-term trend has been UP since Jul 23rd, 2024 at 4.00
Smart Scan Analysis for MREO
Based on our trend formula, MREO is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.1600 | 4.1899 | 3.9600 | 4.1600 | +0.0800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.0800 | 462887 | 2024-07-26 15:59:50 |
| 52wk High | 4.5 | 52wk High Date | 2024-06-17 |
| 52wk Low | 1.07 | 52wk Low Date | 2023-10-03 |
| Average Volume | 875,679 | Shares Outstanding | 102,968 |
| Market Cap | 15M | Assets | 126,417,000M |
| Liabilities | 38,415,000M |