MREO Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

Mereo BioPharma Group PLC (MREO) Moving Averages Convergence Divergence (MACD) indicator is 0.00656, suggesting MREO is Strong Buy.

Mereo BioPharma Group PLC (MREO) 20-Day simple moving average is 0.312, while Mereo BioPharma Group PLC (MREO) share price is $0.3345, making it Buy.

Mereo BioPharma Group PLC (MREO) 60-Day simple moving average is 0.299, while Mereo BioPharma Group PLC (MREO) share price is $0.3345, making it Buy.

Technical Analysis for MREO

Technical Sentiment Analysis for Mereo BioPharma Group PLC (MREO) As of 2026-07-07, Mereo BioPharma Group PLC (MREO) is exhibiting a Strong Buy technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 9 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MREO stands at 56.81, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 0.00656, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 78.504 and the Commodity Channel Index (CCI) at 90.188 further confirm a 0.0095 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, MREO is trading below its 60-day moving average of $0.299 and below its 200-day long-term moving average of $0.923. Key price levels to watch include the immediate resistance at $0.356 and strong support at $0.272. A break above $0.356 could signal a bull continuation, while falling below $0.272 may test the next Fibonacci floor at $0.225.

Mereo BioPharma Group PLC (MREO) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.187	0.225	0.272	0.309	0.356	0.393	0.44
Fibonacci	0.225	0.257	0.277	0.309	0.341	0.361	0.393

Mereo BioPharma Group PLC (MREO) Technical Indicators

2026-07-07

Name	Value
RSI_14	56.81
STOCHk_14_3_3	78.504
STOCHd_14_3_3	75.614
CCI_20	90.188
AO_5_34	0.0168
MOM_10	0.0095
MACD_12_26_9	0.00656

Mereo BioPharma Group PLC (MREO) Relative Strength Index (RSI) is 56.81, creating a Neutral signal.

Mereo BioPharma Group PLC (MREO) Stochastic Oscillator is 78.504, creating a Neutral signal.

Mereo BioPharma Group PLC (MREO) Stochastic RSI is 75.614, creating a Neutral signal.

Mereo BioPharma Group PLC (MREO) Commodity Channel Index (CCI) is 90.188, creating a Neutral signal.

Mereo BioPharma Group PLC (MREO) Awesome Oscillator is 0.0168, creating a Buy signal.

Mereo BioPharma Group PLC (MREO) Momentum is 0.0095, creating a Buy signal.

Mereo BioPharma Group PLC (MREO) MACD is 0.00656, creating a Buy signal.

Mereo BioPharma Group PLC (MREO) Moving Average

2026-07-07

Period	Simple	Signal
MA_5	0.325	Buy
MA_10	0.318	Buy
MA_20	0.312	Buy
MA_60	0.299	Buy
MA_200	0.923	Sell
MA_250	1.087	Sell

Mereo BioPharma Group PLC (MREO) 5-Day simple moving average is 0.325, while Mereo BioPharma Group PLC (MREO) share price is $0.3345, making it a Buy.

Mereo BioPharma Group PLC (MREO) 10-Day simple moving average is 0.318, while Mereo BioPharma Group PLC (MREO) share price is $0.3345, making it a Buy.

Mereo BioPharma Group PLC (MREO) 20-Day simple moving average is 0.312, while Mereo BioPharma Group PLC (MREO) share price is $0.3345, making it a Buy.

Mereo BioPharma Group PLC (MREO) 60-Day simple moving average is 0.299, while Mereo BioPharma Group PLC (MREO) share price is $0.3345, making it a Buy.

Mereo BioPharma Group PLC (MREO) 200-Day simple moving average is 0.923, while Mereo BioPharma Group PLC (MREO) share price is $0.3345, making it a Sell.

Mereo BioPharma Group PLC (MREO) 250-Day simple moving average is 1.087, while Mereo BioPharma Group PLC (MREO) share price is $0.3345, making it a Sell.

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Frequently Asked Questions

What is the current technical consensus for MREO?

The overall technical consensus for Mereo BioPharma Group PLC (MREO) is currently Strong Buy. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 5 buy signals and 1 sell signals.

What are the key support and resistance levels for Mereo BioPharma Group PLC (MREO) today?

Based on pivot point calculations, Mereo BioPharma Group PLC (MREO) has an immediate support level at 0.272 and a major resistance level at 0.356. Traders also monitor the pivot point at 0.309 to determine the intraday trend direction.

Is Mereo BioPharma Group PLC (MREO) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for Mereo BioPharma Group PLC (MREO) is currently 56.81. This indicates that the stock is in neutral territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for Mereo BioPharma Group PLC (MREO)?

Mereo BioPharma Group PLC (MREO) Moving Averages Convergence Divergence (MACD) indicator is 0.00656, suggesting MREO is Strong Buy. This indicator helps identify potential trend reversals or momentum shifts for Mereo BioPharma Group PLC.

How is Mereo BioPharma Group PLC (MREO) performing relative to its 200-day moving average?

Mereo BioPharma Group PLC (MREO) is currently trading at $0.3345, which is below its 200-day simple moving average of 0.923. Trading below the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.

Name

Pivot Points

Classic

0.187

0.225

0.272

0.309

0.356

0.393

0.44

Fibonacci

0.225

0.257

0.277

0.309

0.341

0.361

0.393

Name

Value

RSI_14

56.81

STOCHk_14_3_3

78.504

STOCHd_14_3_3

75.614

CCI_20

90.188

AO_5_34

0.0168

MOM_10

0.0095

MACD_12_26_9

0.00656

Period

Simple

Signal

MA_5

0.325

Buy

MA_10

0.318

Buy

MA_20

0.312

Buy

MA_60

0.299

Buy

MA_200

0.923

Sell

MA_250

1.087

Sell

Frequently Asked Questions