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Stock Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
Mereo BioPharma Group plc - American Depositary Shares (NASDAQ:MREO)
Crossroads (-60) - MREO is struggling to move into a solid trend. Beware of choppy markets 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 UP since Oct 17th, 2023 at 1.77
The intermediate-term trend has been DOWN since Feb 20th, 2024 at 3.57
The short-term trend has been DOWN since Apr 4th, 2024 at 3.20
Smart Scan Analysis for MREO
Based on our trend formula, MREO is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.620 | 2.668 | 2.530 | 2.645 | -0.005 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.650 | 872112 | 2024-04-19 15:59:29 |
| 52wk High | 4.36 | 52wk High Date | 2024-02-05 |
| 52wk Low | 0.9201 | 52wk Low Date | 2023-05-31 |
| Average Volume | 1,045,432 | Shares Outstanding | 102,968 |
| Market Cap | 15M | Assets | 126,417,000M |
| Liabilities | 38,415,000M |