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89bio's 15min Chart Shows MACD Death Cross, KDJ Death Cross Indicators
ByAinvest
Monday, Jun 23, 2025 9:51 am ET1min read
Based on the 15-minute chart for 89bio, the MACD and KDJ indicators have both triggered a death cross, which occurred on June 23, 2025 at 09:45. This suggests that the stock price is likely to continue its downward trend, with momentum shifting towards the downside and potentially leading to further decreases in value.
Madrigal Pharmaceuticals (MDGL) has recently experienced a series of setbacks in its stock price, with significant declines following the FDA approval of its first drug for liver disease MASH. The company's stock price has been influenced by various factors, including the performance of competing drugs and market conditions. On June 23, 2025, the MACD and KDJ indicators for 89bio triggered a death cross, suggesting a potential downward trend in the stock price [1].Madrigal Pharmaceuticals' stock price has been volatile, with significant fluctuations in recent months. The FDA approval of MGL-3196, a drug for non-alcoholic steatohepatitis and familial hypercholesterolemia, initially boosted the stock price. However, the approval of competing drugs such as Novo's Wegovy and Eli Lilly's Mounjaro has led to a decline in the stock price [2]. Additionally, the company's stock price has been affected by broader market conditions, including the performance of other biotech and pharma stocks [3].
The recent positive CHMP opinion for resmetirom, a drug for non-alcoholic steatohepatitis, has provided some optimism for Madrigal Pharmaceuticals. However, the company's stock price remains volatile, and investors should be cautious about the potential for further declines [4]. The company's lead product, MGL-3196, has shown promising results in clinical trials, but the market's response to competing drugs has been a significant challenge for the company.
In conclusion, Madrigal Pharmaceuticals faces significant challenges in the current market conditions. The approval of competing drugs and the recent death cross triggered by 89bio's MACD and KDJ indicators suggest a potential downward trend in the stock price. Investors should closely monitor the company's performance and the broader market conditions to make informed investment decisions.
References:
[1] https://www.marketwatch.com/investing/stock/mdgl
[2] https://www.marketwatch.com/investing/stock/mdgl
[3] https://www.marketwatch.com/investing/stock/mdgl
[4] https://www.marketwatch.com/investing/stock/mdgl
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