Why Did Biodexa Pharmaceuticals Plc ADS Soar 90.95%?

On June 18, 2025, Biodexa Pharmaceuticals Plc American Depositary Shares surged by 90.95% in pre-market trading, marking a significant turnaround after a period of volatility and decline.

Biodexa Pharmaceuticals has experienced a tumultuous period, with its stock price fluctuating between $0.789 and $1.05 on June 17, 2025. The stock has been on a downward trend, falling by 23.43% on the last trading day and declining for six consecutive days. This downward spiral has been accompanied by increased trading volume, which may indicate heightened market interest or uncertainty.

The stock's technical indicators suggest a bearish outlook. The Moving Average Convergence Divergence (MACD) has issued a buy signal, but this is countered by sell signals from both short and long-term moving averages. The stock is currently oversold on the Relative Strength Index (RSI14), which could indicate a potential rebound, but it also increases the general risk associated with the stock.

Analysts have expressed a negative evaluation of Biodexa Pharmaceuticals, citing its wide and falling trend as a reason for concern. The stock is expected to continue its downward trajectory in the short term, with a predicted price range between $0.394 and $0.82 over the next three months. However, the recent pre-market surge suggests that there may be underlying factors driving investor optimism, despite the technical indicators.