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Stock Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

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

Weak Downtrend (-65) - MREO is showing signs of a strengthening downtrend. Monitor MREO as it may be building momentum to the downside.

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
1.29 1.33 1.21 1.22 -0.07
Entry Signal

MarketClub’s Trade Triangles for MREO

long term up The long-term trend has been UP since Jan 23rd, 2023 at 1.1000

intermediate term down The intermediate-term trend has been DOWN since Sep 21st, 2023 at 1.3227

short term down The short-term trend has been DOWN since Sep 28th, 2023 at 1.3000

Smart Scan Analysis for MREO

Based on our trend formula, MREO is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MREO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.29 1.33 1.21 1.22 -0.07
Prev. Close Volume Bid Ask Time
1.22 831228 2023-10-02 15:59:43
52wk High1.7752wk High Date2023-08-29
52wk Low0.494552wk Low Date2022-12-23
Average Volume480,160Shares Outstanding102,968
Market Cap15MAssets126,417,000M
Liabilities38,415,000M
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