Heron Therapeutics, Inc. ($HRTX) Heads Up Against Midatech Pharma PLC ($MTP)

2019-08-16 | Welcome! Today we compared how two different stocks in the Major Pharmaceuticals industry are trading: Heron Therapeutics, Inc. and Midatech Pharma PLC. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Heron Therapeutics, Inc. opened at 17.3, got to a maximum price of 17.58 and dropped to as low as 16.85 before finishing the session at 16.9. In total there were 587200 shares traded, which is enough to conduct our analysis. Compare that now to Midatech Pharma PLC, which opened at 1.2, had a high of 1.35, a low of 1.17, closed at 1.21 and had a total volume of 328300.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Heron Therapeutics, Inc. Midatech Pharma PLC
Accumulation-distribution index 160.77437 26.494
on-balance volume 17.3 1.24
chaikin money flow

4.21429 1.4
force index

1.24841 0.01171
ease of movement rating

-0.01081 -0.00032
volume-price trend

-1.89655 -0.35508
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Heron Therapeutics, Inc. Midatech Pharma PLC
Average true range 0.58491 0.17542
Bolinger bands 17.3477 1.25614
Upper bollinger band 16.6123 1.12886
Lower bollinger band

16.85 1.17
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

17.24333 1.24
High band keltner channel

16.96333 1.09
Low band keltner channel

17.52333 1.39
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

16.85 1.17
Donchain channel low band

16.85 1.17
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Heron Therapeutics, Inc. Midatech Pharma PLC
Moving Average Convergence Divergence (MACD) trend_macd 0.00101
MACD signal 0.00324 0.00056
MACD difference 0.00259 0.00045
fast Exponential Moving Average (EMA) indicator

16.85 1.17
slow Exponential Moving Average (EMA) indicator

16.85 1.17
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.02586 0.18233

-5.62472 -19.50242
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

66.66667 66.66667
Detrended Price Oscillator (DPO)

2.2169 0.5308
KST Oscillator (KST)

-116.26946 -312.08802
KST Oscillator (KST Signal)

-116.26946 -312.08802
KST difference

3.40905 6.61454
Ichimoku rating

17.44 1.275
Ichimoku B rating

17.44 1.275
Ichimoku visual trend A

19.11339 1.85642
Ichimoku visual trend B

18.75702 1.92826
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

4.0 4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Heron Therapeutics, Inc. Midatech Pharma PLC
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 51.23334 51.43813
True Strength Index (TSI) -100.0 -100.0
ultimate oscillator

-49.0955 -51.31143
stochastic oscillator

260.71429 120.0
stochastic oscillator signal

260.71429 120.0
Williams %R rating

160.71429 20.0
awesome oscillator

0.10233 0.01717

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Heron Therapeutics, Inc. and Midatech Pharma PLC.

Daily return -11.62695 -31.2088
Daily log return 1.53124 3.77403
Cumulative return 1.54303 3.84615

So there you have it: our deep, grueling analysis comparing Heron Therapeutics, Inc. and Midatech Pharma PLC together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Heron Therapeutics, Inc. :

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether HRTX is strong or weak. Again – this is not a reliable indication of whether Heron Therapeutics, Inc. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Midatech Pharma PLC

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Abigale Lormen

Abigale is a Masters in Business Administration by education. After completing her post-graduation, Abigale jumped the journalism bandwagon as a freelance journalist. Soon after that she landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor at amarketreportsjournal.
Abigale Lormen

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