Technical Analysis for MREO - Mereo BioPharma Group plc

Grade Last Price % Change Price Change
grade F 2.435 9.68% 0.22
MREO closed up 9.68 percent on Tuesday, November 19, 2019, on 1.18 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent N/A Down Down
See historical MREO trend table...

Date Alert Name Type % Chg
Slingshot Bearish Bearish Swing Setup 0.00%
Stochastic Buy Signal Bullish 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Wide Bands Range Expansion 9.68%
Oversold Stochastic Weakness 9.68%
Lower Bollinger Band Walk Weakness 5.41%
Wide Bands Range Expansion 5.41%
Oversold Stochastic Weakness 5.41%
New Downtrend Bearish 7.74%

Older signals for MREO ...

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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.
Biopharmaceutical Health Pharmaceutical Industry Drug Discovery Clinical Trial Rare Diseases Design Of Experiments Clinical Research 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
Summary: Counts: 0 bullish, 2 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 8.48
52 Week Low 2.18
Average Volume 11,821
200-Day Moving Average 0.0
50-Day Moving Average 3.075
20-Day Moving Average 2.8584
10-Day Moving Average 2.5451
Average True Range 0.2655
ADX 23.2
+DI 25.0269
-DI 28.9335
Chandelier Exit (Long, 3 ATRs ) 2.9535
Chandelier Exit (Short, 3 ATRs ) 3.0165
Upper Bollinger Band 3.6473
Lower Bollinger Band 2.0695
Percent B (%b) 0.23
BandWidth 55.198713
MACD Line -0.248
MACD Signal Line -0.1798
MACD Histogram -0.0682
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.99
Resistance 3 (R3) 2.98 2.79 2.90
Resistance 2 (R2) 2.79 2.65 2.80 2.87
Resistance 1 (R1) 2.61 2.56 2.70 2.62 2.84
Pivot Point 2.42 2.42 2.47 2.43 2.42
Support 1 (S1) 2.24 2.28 2.33 2.25 2.03
Support 2 (S2) 2.05 2.19 2.06 2.00
Support 3 (S3) 1.87 2.05 1.97
Support 4 (S4) 1.88