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Mereo BioPharma Group plc

Stage 1 · Basing · week 3

As of Oct 22, 2026, Mereo BioPharma Group is in Stage 1, the basing phase, now in week 3 (since Oct 6, 2026). It closed at $0.29, 87.6% below its 52-week high and below its 200-day average, which is falling.

Mereo BioPharma Group plc, a biopharmaceutical company, develops and commercializes therapeutics for the treatment of rare diseases in the United Kingdom and the United States. More about the company

$0.29
-4.87% today
$45.9M · Micro cap
Market Neutral — Building

Pro read

Pro

Our read

Basing, not in an uptrend yet

Setup score

—

Momentum

Steady

Edge

—

Is MREO early, or has it already run? Pro answers that for every US stock we cover, after every close.

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Stage Cycle Timeline2023-08-16 → 2026-10-22
S2 34w
S2 22w
S4 23w
S4 28w
2023-08-162026-10-22
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 34w → S3 8w → S2 22w → S3 8w → S4 23w → S1 5w → S4 12w → S1 11w → S4 28w → S1 6w → S4 6w → S1 2w current
Total tracked: 166 weeks across 12 stage runs.

MREO among Biotechnology502nd of 591 by relative strength

All 591 →
Stocks in Biotechnology ranked by relative strength, with stage and one-month change
#StockStageRS1M
1GTBPStage 2 · wk 799−22.3%
2IOVAStage 2 · wk 1899+38.8%
3SLSStage 3 · wk 499−1.5%
4MRNAStage 2 · wk 1799+11.3%
5TWSTStage 2 · wk 3999−14.5%
6KODStage 2 · wk 499+172.1%
7ERASStage 3 · wk 599+0.7%
8CLYMStage 3 · wk 399−15.8%
…502MREOStage 1 · wk 38−15.6%
vs 52W High
-87.6%
$0.24 lo$2.31 hi
87.6% below 52W high
Stock is basing below old highs. A volume-backed breakout to new highs would be the Stage 2 signal to watch.
Stage Maturity
Week 3
1w13w26w
Week 3, early base
How long this stock has been basing. Longer bases can produce stronger breakouts, but the breakout itself is the signal.
vs 200 DMA
-15.8%
200 DMA: $0.34 · sloping down
Stock is testing its 200 DMA as part of the base. Reclaiming and holding above it is a key Stage 2 prerequisite.
Rel Volume
0.24x
vs 50-day avg
Volume in Stage 1 basing is typically quiet. A surge in volume on an upside breakout is the signal to watch.
Trend Health
↗
Short-term trend rising gently
Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.
1M
-15.6%
3M
-0.3%
6M
-6.5%
YTD
-43.7%
1Y
-86.5%
Scan Membership
Breakout Watch
Latest: 2024-06-12
5 appearances in last 60 days. First seen: 2020-07-08.
A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding. Staying power in the scan says more about the trend than any single appearance.
Recent Stage Timeline
2026-10-22S1
Wk 3 · Vol 0.24x
2026-10-21S1
Wk 3 · Vol 0.07x
2026-10-20S1
Wk 3 · Vol 0.10x
2026-10-19S1
Wk 2 · Vol 0.11x
2026-10-16S1
Wk 2 · Vol 0.15x
2026-10-15S1
Wk 2 · Vol 0.11x
2026-10-14S1
Wk 2 · Vol 0.18x
2026-10-13S1
Wk 2 · Vol 0.26x
2026-10-12S1
Wk 1 · Vol 0.27x
2026-10-09S1
Wk 1 · Vol 0.25x
2026-10-08S1
Wk 1 · Vol 0.22x
2026-10-07S1
Wk 1 · Vol 0.23x
Moving averages & range
50 DMA
$0.31
200 DMA
$0.34
52W High
$2.31
52W Low
$0.24
5D Low
$0.29
Resistance levels (recent highs)
20d High
$0.40
60d High
$0.40
120d High
$0.40
250d High
$2.31
Next resistance
+40.1%
to 20d High
ROE
-67.8%
Profit margin 0.0%
Dividend Yield
0.00%
P/B 1.6

Mereo BioPharma Group: quick answers

What stage is Mereo BioPharma Group in?

As of Oct 22, 2026, Mereo BioPharma Group (MREO) is in Stage 1, the basing phase. It entered Stage 1 on Oct 6, 2026 and is in week 3. What the four stages mean

Is Mereo BioPharma Group in an uptrend?

Not yet. Mereo BioPharma Group is in Stage 1, a base that can come before an uptrend. It trades 15.8% below its 200-day average, which is falling.

How far is Mereo BioPharma Group from its 52-week high?

Mereo BioPharma Group closed at $0.29 on Oct 22, 2026, 87.6% below its 52-week high of $2.31. Its 52-week low is $0.24.

How has Mereo BioPharma Group performed over the past year?

As of Oct 22, 2026, Mereo BioPharma Group is down 86.5% over the past year and down 43.7% so far in 2026.

Which sector and industry is Mereo BioPharma Group in?

Mereo BioPharma Group is in the Biotechnology industry, part of the Health Care sector.

About this companyHealth Care· Biotechnology

Mereo BioPharma Group plc, a biopharmaceutical company, develops and commercializes therapeutics for the treatment of rare diseases in the United Kingdom and the United States. The company develops Setrusumab, an antibody for the treatment of osteogenesis imperfecta; Alvelestat, an oral small molecule that is in Phase II clinical trial to treat Alpha-1 anti-trypsin deficiency associated lung disease; and Vantictumab, an anti-FZD monoclonal antibody for the treatment of autosomal dominant osteopetrosis type 2. It also develops Leflutrozole, an oral aromatase inhibitor, which is in Phase 2 trials for use in the treatment of hypogonadotropic hypogonadism; Navicixizumab, which has completed Phase 1b clinical trials for the treatment of the late line ovarian cancer; Etigilimab, an IgG1 monoclonal antibody which binds to the human TIGIT receptor on immune cells for the Treatment of advanced solid tumors; and Acumapimod, a p38 MAP kinase inhibitor that is in Phase II clinical trials to treat acute exacerbations of chronic obstructive pulmonary disease. The company has a license agreement with Feng Biosciences for the development and commercialization of navicixizumab; license agreement with ReproNovo for the development and commercialization of leflutrozole; and licensing agreement with AstraZeneca. Mereo BioPharma Group plc was incorporated in 2015 and is headquartered in London, United Kingdom.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.