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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.
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MarketClub’s Trade Triangles for MREO
The long-term trend has been DOWN since Nov 18th, 2024 at 3.350
The intermediate-term trend has been DOWN since Dec 16th, 2024 at 3.315
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).
| 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 High | 5.02 | 52wk High Date | 2024-08-23 |
| 52wk Low | 2.15 | 52wk Low Date | 2023-12-26 |
| Average Volume | 940,141 | Shares Outstanding | 102,968 |
| Market Cap | 15M | Assets | 126,417,000M |
| Liabilities | 38,415,000M |