Stock Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Midatech Pharma Plc American (NASDAQ:MTP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MTP
The long term trend has been DOWN since Jun 3rd, 2019 at 1.35
The intermediate term trend has been UP since Dec 24th, 2019 at 0.70
The short term trend has been DOWN since Jan 21st, 2020 at 0.87
Smart Scan Analysis for MTP
Based on a pre-defined weighted trend formula for chart analysis, MTP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||2.65||Year High Date||2018-01-02|
|Year Low||0.23||Year Low Date||2018-11-28|
|52wk High||10.9||52wk High Date||2019-02-27|
|52wk Low||0.54||52wk Low Date||2019-12-09|
|Average Volume||1,429,053||Market Cap||3M|