MERO

MERO — Mero Microfinance Bittiya Sanstha Ltd. technical analysis

Mero Microfinance Bittiya Sanstha Ltd. (MERO) is a Microfinance-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 661.20, down -4.80 (-0.72%) from the previous close of Rs. 666.00, ranging between Rs. 661.20 and Rs. 675.00 on the day on a traded volume of 2,700 shares.

Technical outlook

MERO's technical picture is currently Bearish. Price is below its 20-day average (Rs. 681.73) — short-term weakness. 20-day average is below the 50-day — medium-term trend is down. RSI is 35 — neutral momentum. MACD is below its signal line — momentum is turning down.

Key levels

The nearest resistance sits around rs. 702.94. support around rs. 655.00. Over the past year, MERO has traded between a 52-week low of Rs. 655.00 and a high of Rs. 900.00, placing the current price at about 3% of that range.

A recent candlestick signal detected on MERO: Bearish Marubozu — Strong full-body down candle with little wick — sellers in control.

This is an automated technical read from end-of-day NEPSE data, refreshed each trading day — for information only, not investment advice. New to these terms? See our RSI guide, candlestick guide and beginner's investing guide.