Mero Microfinance Bittiya Sanstha Ltd.

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. 612.00, up +0.00 (+0.00%) from the previous close of Rs. 612.00, ranging between Rs. 601.00 and Rs. 618.00 on the day on a traded volume of 12,849 shares.

Technical outlook

MERO's technical picture is currently Mildly Bearish. Price is below its 20-day average (Rs. 614.48) — short-term weakness. 20-day average is below the 50-day — medium-term trend is down. RSI is 42 — neutral momentum. MACD is above its signal line — momentum is turning up.

Key levels

The nearest resistance sits around rs. 702.94. support around rs. 586.05. Over the past year, MERO has traded between a 52-week low of Rs. 584.90 and a high of Rs. 866.00, placing the current price at about 10% of that range.

A recent candlestick signal detected on MERO: Shooting Star — Long upper wick after a rise — buyers rejected, possible reversal down.

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.