MetaVia (MTVA) Stock Pops 30%, Is the Trend Reversing?

MetaVia (NASDAQ: MTVA) is making headlines. After a lengthy period of decline and sideways trading, MTVA experienced a significant resurgence on April 15, climbing 10.24% to close at $1.83. That’s not all—during pre-market trading, the stock climbed even further to $2.11, marking nearly a 30% increase from its recent lows in just a few sessions.

The 4-hour chart reveals what looks like a classic breakout pattern. After weeks of trading below the 20-period EMA ($1.50) and the 50-period EMA ($1.52), MTVA pushed above both moving averages with a notable surge. This kind of decisive movement through resistance levels is precisely what short-term traders and momentum investors look for.

The substantial green candle appears right after a sharp decline that likely scared off some investors—an example of a typical fakeout before a breakout. A purple event icon on the chart suggests recent news, earnings, or corporate actions that may have sparked the buying spree.

The pre-market price of $2.11 now serves as the next critical resistance point. If the stock can maintain gains above $1.80 and continue to rise during regular trading, it may set the stage for further advances. Traders should keep a close eye on this—breaking past $2.11 could lead to even greater upside potential.

While it’s still early, with increasing volume and a bullish price trend, MTVA could be starting a new chapter. Stay tuned—this situation could quickly become more exciting.