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AMEX
NYSE
NASDAQ
Index
fx
MREO
NASDAQ
Mereo BioPharma Group ADR Representing 5
SELL
Close
1.6800
Prev.Close
1.7400
Change
-0.0600
Change%
-3.45%
BEARISH DESCENDING HAWK
Sold at
1.6800
Open
1.7400
High
1.7500
Low
1.6750
Close
1.6800
0.00%
Signal History
6 mo.
6 mo.
24 mo.
24 mo.
Date
Price
Signal
Change%
$100⇨
08/18
1.6800
SELL
0.0%
87
08/13
1.6800
BUY
0.0%
❌
87
07/29
1.7200
SHORT
-2.3%
✔
85
07/16
1.7400
BUY
-1.1%
❌
86
07/10
2.0000
SELL
-13.0%
✔
87
07/01
2.7600
BUY
-27.5%
❌
120
06/27
2.6900
SHORT
+2.6%
❌
124
06/12
2.7400
BUY
-1.8%
❌
126
06/05
2.5100
SELL
+9.2%
❌
127
06/02
2.2350
BUY
+12.3%
✔ 👍
113
05/21
2.2500
SHORT
-0.7%
✔
113
05/19
2.2600
BUY
-0.4%
❌
114
05/14
2.3100
SELL
-2.2%
✔
114
05/12
2.4900
BUY
-7.2%
❌
123
05/06
2.5000
SELL
-0.4%
✔
123
05/01
2.6000
BUY
-3.8%
❌
128
04/25
2.5000
SELL
+4.0%
❌
129
04/11
1.9200
BUY
+30.2%
✔ 👍
99
04/04
2.1200
SHORT
-9.4%
✔
91
04/02
2.3000
BUY
-7.8%
❌
99
03/21
2.5100
SHORT
-8.4%
✔
92
03/12
2.5400
BUY
-1.2%
❌
93
03/10
2.4500
SHORT
+3.7%
❌
97
03/05
2.5100
BUY
-2.4%
❌
100
† Trade commissions are taken as 0.20%.
Date
Price
Signal
Change%
$100⇨
08/18
1.6800
SELL
0.0%
779
08/13
1.6800
BUY
0.0%
❌
781
07/29
1.7200
SHORT
-2.3%
✔
766
07/16
1.7400
BUY
-1.1%
❌
778
07/10
2.0000
SELL
-13.0%
✔
780
07/01
2.7600
BUY
-27.5%
❌
1,078
06/27
2.6900
SHORT
+2.6%
❌
1,111
06/12
2.7400
BUY
-1.8%
❌
1,136
06/05
2.5100
SELL
+9.2%
❌
1,139
06/02
2.2350
BUY
+12.3%
✔ 👍
1,016
05/21
2.2500
SHORT
-0.7%
✔
1,013
05/19
2.2600
BUY
-0.4%
❌
1,022
05/14
2.3100
SELL
-2.2%
✔
1,024
05/12
2.4900
BUY
-7.2%
❌
1,106
05/06
2.5000
SELL
-0.4%
✔
1,108
05/01
2.6000
BUY
-3.8%
❌
1,155
04/25
2.5000
SELL
+4.0%
❌
1,157
04/11
1.9200
BUY
+30.2%
✔ 👍
890
04/04
2.1200
SHORT
-9.4%
✔
817
04/02
2.3000
BUY
-7.8%
❌
890
03/21
2.5100
SHORT
-8.4%
✔
824
03/12
2.5400
BUY
-1.2%
❌
838
03/10
2.4500
SHORT
+3.7%
❌
873
03/05
2.5100
BUY
-2.4%
❌
898
02/10
3.0700
SHORT
-18.2%
✔
763
01/31
2.9800
BUY
+3.0%
✔
743
01/28
2.8800
SHORT
+3.5%
❌
773
01/23
3.0200
BUY
-4.6%
❌
814
12/30
3.6000
SELL
-16.1%
✔
815
12/20
3.3300
BUY
+8.1%
✔
756
12/12
3.7800
SELL
-11.9%
✔
757
11/27
3.5600
BUY
+6.2%
✔
715
11/25
3.6500
SHORT
-2.5%
✔
700
11/20
3.5200
BUY
+3.7%
✔
678
10/23
4.2700
SELL
-17.6%
✔
679
10/11
4.1950
BUY
+1.8%
✔
669
10/07
4.3100
SELL
-2.7%
✔
670
10/02
4.2650
BUY
+1.1%
✔
664
09/12
4.5650
SHORT
-6.6%
✔
626
09/09
4.4700
BUY
+2.1%
✔
615
08/28
4.7300
SELL
-5.5%
✔
617
08/14
3.8500
BUY
+22.9%
✔ 👍
503
07/30
4.0775
SELL
-5.6%
✔
504
07/01
3.6300
BUY
+12.3%
✔ 👍
450
06/18
4.2100
SELL
-13.8%
✔
450
06/11
3.5200
BUY
+19.6%
✔ 👍
377
06/03
3.4450
SELL
+2.2%
❌
378
05/28
3.1100
BUY
+10.8%
✔ 👍
342
05/13
3.0000
SELL
+3.7%
❌
343
05/09
3.1300
BUY
-4.2%
❌
358
05/07
3.0600
SELL
+2.3%
❌
359
04/22
2.7600
BUY
+10.9%
✔ 👍
324
04/08
3.2300
SHORT
-14.6%
✔
284
03/28
3.1300
BUY
+3.2%
✔
277
03/05
3.8200
SHORT
-18.1%
✔
235
02/23
3.5950
BUY
+6.3%
✔
222
01/30
3.9550
SELL
-9.1%
✔
223
01/25
3.4200
BUY
+15.6%
✔ 👍
193
01/23
2.9900
SELL
+14.4%
❌
193
01/04
2.4100
BUY
+24.1%
✔ 👍
156
12/29
2.3100
SELL
+4.3%
❌
157
12/08
2.0600
BUY
+12.1%
✔ 👍
140
12/05
2.0600
SELL
0.0%
❌
140
12/01
2.1400
BUY
-3.7%
❌
146
11/27
2.0650
SHORT
+3.6%
❌
152
11/20
2.1600
BUY
-4.4%
❌
160
11/09
2.0700
SELL
+4.3%
❌
160
10/30
1.8300
BUY
+13.1%
✔ 👍
142
10/23
1.7800
SELL
+2.8%
❌
142
10/05
1.2300
BUY
+44.7%
✔ 👍
98
09/11
1.3800
SELL
-10.9%
✔
98
09/07
1.4300
BUY
-3.5%
❌
102
08/30
1.4400
SELL
-0.7%
✔
102
08/24
1.4000
BUY
+2.9%
✔
100
† Trade commissions are taken as 0.20%.
Pattern & Confirmation Chart for the Last 6 Months
Signal Update
Today's recommendation from our system is to
SELL
. The
BEARISH DESCENDING HAWK
pattern has finally received confirmation because the prices crossed below the confirmation level at 1.6950, and our valid average selling price now stands at 1.6800. The previous
BUY
signal was issued on 08/13/2025, 5 days ago, when the stock price was 1.6800. Since then,
MREO
has remained unchanged.
Market Outlook
We may be at a market top or at the beginning of a correction. The market has lost momentum, and traders are now more aligned in their bearish outlook. The compelling evidence suggests it's prudent to consider closing long positions. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a <
SELL
signal is generated. You still have time to act on the signal, and then you can begin evaluating other securities for a potential bullish bet.
Pattern Description
This pattern features a small white candlestick enclosed within a preceding, relatively longer white candlestick. It resembles the Harami pattern, but with both candlesticks being white.
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