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VCI Global: MACD Death Cross, Bearish Marubozu on 15min chart
ByAinvest
Friday, Oct 3, 2025 2:50 pm ET1min read
According to VCI Global's 15-minute chart, a MACD Death Cross and a Bearish Marubozu pattern have emerged as of 10/03/2025 14:45. This suggests that the stock price has the potential to continue declining, with sellers dominating the market and bearish momentum likely to persist.
Corvus Pharmaceuticals (CRVS), a clinical-stage biopharmaceutical company, has seen a mixed reaction in the market as of October 3, 2025. According to VCI Global's 15-minute chart, a MACD Death Cross and a Bearish Marubozu pattern have emerged, indicating potential further decline in the stock price. This suggests that sellers are dominating the market, and bearish momentum is likely to persist [1].Despite the bearish indicators, Corvus Pharmaceuticals has reported significant clinical progress. The company's lead drug candidate, soquelitinib, showed promising results in Phase 1 trials for atopic dermatitis, with cohort 3 achieving a 64.8% mean EASI reduction compared to 34.4% for placebo . Additionally, the company has announced a Phase 1b/2 clinical trial of soquelitinib in China for the treatment of atopic dermatitis, with patient enrollment expected to begin in Q3 2025 .
Financially, Corvus Pharmaceuticals has strengthened its position with warrant exercises providing $35.7 million in proceeds during Q2 2025, ending the quarter with $74.4 million in cash. The company expects its cash runway to extend into Q4 2026 . However, the company reported a net loss of $8.0 million in Q2 2025, with R&D expenses increasing to $7.9 million .
The company's stock price has been volatile, with the current stock price of Corvus Pharmaceu (CRVS) at $7.26 as of October 1, 2025 . The market cap of Corvus Pharmaceu (CRVS) is approximately 549.2M .
Corvus Pharmaceuticals is scheduled to provide its second quarter 2025 financial results and business update on August 7, 2025 . The company's leadership team will also participate in the 2025 Jefferies Global Healthcare Conference in New York on June 5, 2025 .
While the clinical data is promising, the market's bearish sentiment and financial challenges may pose significant hurdles for Corvus Pharmaceuticals in the near future.
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