Home / MEREO BIOPHARMA GROUP PLC (MREO)

Updated: 2026-03-17 00:38 UTC · Last close: 0.40 (+3.34%)

MEREO BIOPHARMA GROUP PLC (MREO) technical analysis page covering price structure, support and resistance, momentum conditions and a fundamentals snapshot from WOI Scanner.

MEREO BIOPHARMA GROUP PLC (MREO) finished the session at 0.40 (+3.34%). With price below both the 50-day and 200-day moving averages, the broader structure still reflects elevated technical pressure. 20-day momentum is positive at +7.23%; price is trading in the lower part of its roughly 52-week range (0.28–2.94); and ATR14 volatility is elevated at roughly 7.50% of price. RSI(14) stands around 41.0, which keeps the momentum picture broadly balanced. RSI has been trending higher in recent sessions, indicating improving momentum conditions. MACD is positioned above the signal line, supporting a still constructive momentum backdrop. The MACD histogram remains positive, although upside momentum is not accelerating further. Recent trading volume is running below its typical 20-day average, which suggests participation remains relatively muted. The chart is currently flagging Double bottom. The most important nearby levels are support at 0.35 and resistance at 0.45. Clearing resistance would improve continuation odds, while slipping below support would weaken the present setup. On the fundamentals side, the latest snapshot shows Revenue: 500,000 · Net income: -34.53M · EPS (basic): -0.04. For a fuller technical read, the interactive view adds overlays, pattern context and broader chart structure.

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Note: This is an algorithmic technical snapshot (not financial advice).

MREO Chart