MEIP NEWS why is Mei Pharma, Inc. price falling or rising

MEIP NEWS reasons for why stock price of Mei Pharma, Inc. is falling or rising

MEIP Mei Pharma is falling or rising technical reasons

Technical analysis forecast for Mei Pharma Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Mei Pharma MEIP at this time. Stock is falling and might fall more.

It appears as if Mei Pharma MEIP gave a large move recently.

Stock of Mei Pharma (MEIP) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Mei Pharma is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Mei Pharma stays below 2.4, but if it comes above 2.4, then a intra day buy could be more profitable.
If you take a sell trade below 2.4, then use 2.4 as stoploss and 2.2 as target. However if you take a buy trade in Mei Pharma, then use 2.4 as stoploss and 2.6 as target.

MEIP Mei Pharma is falling or rising NEWS fundamental reasons

More announcements and NEWS

MEIP Mei Pharma, Inc. current price & indicator signals

Moving Averages for Mei Pharma, Inc.

  • 5Day Average: 2.39
  • 12Day Average: 2.52
  • 20Day Average: 2.63
  • 50Day Average: 2.8
  • 100Day Average: 2.95
  • 150Day Average: 2.96
  • 200Day Average: 3.08

MEIP Indicators & signals

Indicator MACD (12,26,9)

2.5, 2.64, -0.12
Indicator MACD is in negative zone

Indicator ADX (14)

0, 53.85, 53.85
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MEIP Mei Pharma, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
27 Fri Dec 2024 2.36 2.32 to 2.42 -0.84% 0.31 times
26 Thu Dec 2024 2.38 2.36 to 2.42 0.85% 0.16 times
24 Tue Dec 2024 2.36 2.36 to 2.50 0% 0.15 times
23 Mon Dec 2024 2.36 2.30 to 2.60 -5.6% 5.11 times
20 Fri Dec 2024 2.50 2.46 to 2.50 2.04% 2 times
19 Thu Dec 2024 2.45 2.43 to 2.49 -2.78% 0.23 times
18 Wed Dec 2024 2.52 2.48 to 2.60 -3.08% 0.68 times
17 Tue Dec 2024 2.60 2.51 to 2.60 -1.14% 0.22 times
16 Mon Dec 2024 2.63 2.54 to 2.68 -2.59% 1 times
13 Fri Dec 2024 2.70 2.62 to 2.70 0% 0.24 times
12 Thu Dec 2024 2.70 2.66 to 2.73 0% 0.2 times
11 Wed Dec 2024 2.70 2.65 to 2.79 -3.57% 0.18 times

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MEIP NEWS why is Mei Pharma, Inc. price falling or rising

 

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