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.
MarketClub’s Trade Triangles for MREO
The long-term trend has been UP since Jan 23rd, 2023 at 1.1000
The intermediate-term trend has been DOWN since Sep 21st, 2023 at 1.3227
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).
|52wk High||1.77||52wk High Date||2023-08-29|
|52wk Low||0.4945||52wk Low Date||2022-12-23|
|Average Volume||480,160||Shares Outstanding||102,968|