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Stock analysis Concord Biotech Limited CONCORDBIO

More indepth analysis on MunafaSutra.com

Moving Averages for Concord Biotech Limited

  • 5Day Average: 1911.72
  • 12Day Average: 1870.49
  • 20Day Average: 1852.93
  • 50Day Average: 1963.82
  • 100Day Average: 1814.92
  • 150Day Average: 1716.14
  • 200Day Average: 1655.85

CONCORDBIO Indicators & signals

Indicator MACD (12,26,9)

1891.22, 1888.98, -15.73
Indicator MACD is in positive zone

Indicator ADX (14)

28.42, 22.94, 12.79
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of CONCORDBIO Concord Biotech Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
21 Thu Nov 2024 1991.20 1905.00 to 2019.00 4.75% 5.37 times
19 Tue Nov 2024 1900.90 1872.05 to 1938.00 -0.74% 0.5 times
18 Mon Nov 2024 1915.00 1844.95 to 1933.75 0.91% 0.85 times
14 Thu Nov 2024 1897.75 1834.00 to 1915.10 2.37% 1.04 times
13 Wed Nov 2024 1853.75 1836.05 to 1908.45 -0.46% 1.29 times
12 Tue Nov 2024 1862.25 1858.05 to 1933.95 -1.1% 0.69 times
11 Mon Nov 2024 1882.95 1823.05 to 1927.70 1.78% 3.39 times
08 Fri Nov 2024 1850.00 1804.50 to 1867.10 1.22% 0.59 times
07 Thu Nov 2024 1827.70 1824.05 to 1869.85 -0.57% 0.39 times
06 Wed Nov 2024 1838.25 1810.05 to 1842.95 1.51% 0.49 times
05 Tue Nov 2024 1810.85 1802.15 to 1830.00 -0.24% 0.79 times
04 Mon Nov 2024 1815.25 1795.00 to 1875.30 -2.47% 0.4 times

Technical analysis forecast of Concord Biotech Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Concord Biotech Limited CONCORDBIO at this time. Stock is rising and might rise more.

It appears as if Concord Biotech Limited CONCORDBIO gave a large move recently.

Stock of Concord Biotech Limited (CONCORDBIO) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

Although my analysis for Concord Biotech Limited is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1985.6, for a target of 1931.7 or 1886.83

More indepth analysis on MunafaSutra.com