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MCP.AX Stock: ASX Pre-Market Sees Surge in Volume to 6.51M Shares—Focus on Technical Indicators

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MCP.AX stock: ASX pre-market volume spikes to 6.51M shares, watch technical setup

MCP.AX stock experienced a pre-market surge with 6,505,600 shares traded, surpassing the average volume of 236,524 shares, a significant volume spike indicating heightened trading interest on the ASX. The current stock price is A$0.195, while the relative volume stands at 27.51. Technical indicators show an RSI of 52.82 and a flat MACD, suggesting neutral short-term momentum. Fundamentals point to mixed signals, including an EPS of -0.12 and a price-to-book ratio of 0.33, albeit with positive cash flow metrics. Meyka AI rates MCP.AX at 65.86, suggesting a HOLD based on these mixed indicators. Price targets forecast a base level of A$0.17, a bull target of A$0.30, and a bear target of A$0.08. Traders are advised to manage risk with tight stops while monitoring the upcoming earnings announcement on February 24, 2026. Always consider consulting a financial advisor before making investment decisions.

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