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MTP NEWS why is Midatech Pharma Plc price falling or rising

MTP NEWS reasons for why stock price of Midatech Pharma Plc is falling or rising

MTP Midatech Pharma is falling or rising technical reasons

Technical analysis forecast for Midatech 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 Midatech Pharma MTP at this time. Stock is falling and might fall more.

It appears as if Midatech Pharma MTP gave a large move recently.

Stock of Midatech Pharma (MTP) 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 Midatech Pharma is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Midatech Pharma stays below 0.3, but if it comes above 0.3, then a intra day buy could be more profitable.
If you take a sell trade below 0.3, then use 0.3 as stoploss and 0.2 as target. However if you take a buy trade in Midatech Pharma, then use 0.3 as stoploss and 0.41 as target.

MTP Midatech Pharma is falling or rising NEWS fundamental reasons

More announcements and NEWS

MTP Midatech Pharma Plc current price & indicator signals

Moving Averages for Midatech Pharma Plc

  • 5Day Average: 0.34
  • 12Day Average: 0.35
  • 20Day Average: 0.41
  • 50Day Average: 0.56
  • 100Day Average: 0.9
  • 150Day Average: 1.06
  • 200Day Average: 0.97

MTP Indicators & signals

Indicator MACD (12,26,9)

0.37, 0.46, -0.09
Indicator MACD is in negative zone

Indicator ADX (14)

0, 87.5, 87.5
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MTP Midatech Pharma Plc are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
24 Fri Mar 2023 0.29 0.29 to 0.35 -17.14% 4.53 times
23 Thu Mar 2023 0.35 0.34 to 0.35 0% 0.76 times
22 Wed Mar 2023 0.35 0.32 to 0.39 -2.78% 0.98 times
21 Tue Mar 2023 0.36 0.34 to 0.38 9.09% 1.79 times
20 Mon Mar 2023 0.33 0.33 to 0.38 -8.33% 1.09 times
17 Fri Mar 2023 0.36 0.36 to 0.37 5.88% 0.59 times
16 Thu Mar 2023 0.34 0.34 to 0.35 -2.86% 0.8 times
15 Wed Mar 2023 0.35 0.34 to 0.39 0% 0.93 times
14 Tue Mar 2023 0.35 0.35 to 0.41 -5.41% 1.12 times
13 Mon Mar 2023 0.37 0.33 to 0.40 -5.13% 0.8 times
10 Fri Mar 2023 0.39 0.36 to 0.42 0% 1.15 times
09 Thu Mar 2023 0.39 0.37 to 0.42 -4.88% 1.16 times

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MTP NEWS why is Midatech Pharma Plc price falling or rising

 

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