Technical Analysis for MREO - Mereo BioPharma Group plc

Grade Last Price % Change Price Change
F 3.68 2.65% 0.10
MREO closed up 2.58 percent on Wednesday, November 20, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
NR7 Range Contraction 2.65%
Lower Bollinger Band Walk Weakness 2.65%
Lower Bollinger Band Touch Weakness 2.65%
Oversold Stochastic Weakness 2.65%
Jack-in-the-Box Bearish Bearish Swing Setup 5.30%
Stochastic Buy Signal Bullish 5.30%
Lower Bollinger Band Walk Weakness 5.30%
Inside Day Range Contraction 5.30%
Below Lower BB Weakness 5.30%
Oversold Stochastic Weakness 5.30%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout 36 minutes ago
Up 2% about 1 hour ago
Up 1% about 4 hours ago
Rose Above Previous Day's High about 4 hours ago
Down 3% about 4 hours ago

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Profile

Mereo is a biopharmaceutical company focused on the development and commercialization of innovative therapeutics that aim to improve outcomes for patients with rare diseases. Mereo's strategy is to selectively acquire product candidates that have substantial preclinical, clinical and manufacturing data packages. Mereo's four product candidates have previously generated positive clinical data for Mereo's target indications or in related indications. Mereo has commenced randomized Phase 2 clinical trials for all four of the product candidates. In connection with the merger with OncoMed, Mereo added two candidates to its pipeline, Navicixizumab and Etigilimab.
Classification

Sector: Healthcare
Industry: Biotechnology
Keywords: Biopharmaceutical Drug Discovery Rare Diseases Clinical Research Clinical Trial Compugen

Is MREO a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 5.02
52 Week Low 1.86
Average Volume 766,512
200-Day Moving Average 3.75
50-Day Moving Average 4.18
20-Day Moving Average 4.03
10-Day Moving Average 3.85
Average True Range 0.23
RSI (14) 35.90
ADX 23.72
+DI 13.72
-DI 34.62
Chandelier Exit (Long, 3 ATRs) 3.90
Chandelier Exit (Short, 3 ATRs) 3.87
Upper Bollinger Bands 4.62
Lower Bollinger Band 3.43
Percent B (%b) 0.13
BandWidth 29.58
MACD Line -0.19
MACD Signal Line -0.12
MACD Histogram -0.0741
Fundamentals Value
Market Cap 502.07 Million
Num Shares 140 Million
EPS -0.32
Price-to-Earnings (P/E) Ratio -11.19
Price-to-Sales 79.09
Price-to-Book 7.70
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.87
Resistance 3 (R3) 3.84 3.71 3.82
Resistance 2 (R2) 3.71 3.64 3.73 3.80
Resistance 1 (R1) 3.65 3.60 3.68 3.68 3.79
Pivot Point 3.52 3.52 3.54 3.54 3.52
Support 1 (S1) 3.46 3.45 3.49 3.49 3.37
Support 2 (S2) 3.33 3.41 3.35 3.36
Support 3 (S3) 3.27 3.33 3.34
Support 4 (S4) 3.30