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Technical Sentiment Analysis for Mereo BioPharma Group PLC (MREO) As of 2026-03-02, Mereo BioPharma Group PLC (MREO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 4 indicators are flashing buy, while 7 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MREO stands at 37.808, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.0781, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 33.269 and the Commodity Channel Index (CCI) at -76.352 further confirm a 0.0256 outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MREO is trading below its 60-day moving average of $0.932 and below its 200-day long-term moving average of $1.696. Key price levels to watch include the immediate resistance at $0.456 and strong support at $0.351. A break above $0.456 could signal a bull continuation, while falling below $0.351 may test the next Fibonacci floor at $0.299.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.247 | 0.299 | 0.351 | 0.403 | 0.456 | 0.507 | 0.56 |
| Fibonacci | 0.299 | 0.338 | 0.363 | 0.403 | 0.443 | 0.467 | 0.507 |
2026-03-02
| Name | Value |
|---|---|
| RSI_14 | 37.808 |
| STOCHk_14_3_3 | 33.269 |
| STOCHd_14_3_3 | 35.411 |
| CCI_20 | -76.352 |
| AO_5_34 | -0.0818 |
| MOM_10 | 0.0256 |
| MACD_12_26_9 | -0.0781 |
2026-03-02
| Period | Simple | Signal |
|---|---|---|
| MA_5 | 0.389 | Buy |
| MA_10 | 0.404 | Sell |
| MA_20 | 0.403 | Sell |
| MA_60 | 0.932 | Sell |
| MA_200 | 1.696 | Sell |
| MA_250 | 1.829 | Sell |