Stock Trend Analysis Report
Prepared for you on Wednesday, January 26, 2022.
Mereo BioPharma Group plc - American Depositary Shares (NASDAQ:MREO)
Long-Term Downtrend (-90) - MREO is in a strong downtrend that is likely to continue. While MREO is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Jul 8th, 2021 at 2.77
The intermediate-term trend has been DOWN since Nov 16th, 2021 at 2.11
The short-term trend has been DOWN since Jan 5th, 2022 at 1.58
Smart Scan Analysis for MREO
Based on our trend formula, MREO is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||4.7112||52wk High Date||2021-02-22|
|52wk Low||1.05||52wk Low Date||2022-01-24|
|Average Volume||841,663||Shares Outstanding||102,968|