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Stock analysis Concord Biotech Limited CONCORDBIO

More indepth analysis on MunafaSutra.com

Moving Averages for Concord Biotech Limited

  • 5Day Average: 1663.53
  • 12Day Average: 1649.28
  • 20Day Average: 1686.56
  • 50Day Average: 1986.14
  • 100Day Average: 2004.03
  • 150Day Average: 1969.1
  • 200Day Average: 1875.86

CONCORDBIO Indicators & signals

Indicator MACD (12,26,9)

1683.15, 1780.5, -110.56
Indicator MACD is in negative zone

Indicator ADX (14)

29.26, 18.26, 33.38
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 51
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
13 Thu Mar 2025 1649.15 1600.10 to 1661.90 1.68% 0.14 times
12 Wed Mar 2025 1621.95 1571.00 to 1660.20 -1.34% 0.25 times
11 Tue Mar 2025 1643.95 1631.25 to 1688.00 -1.97% 0.15 times
10 Mon Mar 2025 1677.05 1669.50 to 1749.90 -2.81% 0.12 times
07 Fri Mar 2025 1725.55 1710.05 to 1761.10 -1.24% 0.13 times
06 Thu Mar 2025 1747.25 1731.10 to 1776.00 -0.01% 0.29 times
05 Wed Mar 2025 1747.45 1684.60 to 1805.40 0.23% 1.78 times
04 Tue Mar 2025 1743.50 1506.05 to 1794.40 14.6% 5.97 times
03 Mon Mar 2025 1521.40 1510.00 to 1542.65 1.69% 0.26 times
28 Fri Feb 2025 1496.10 1480.05 to 1577.05 -5.86% 0.65 times
27 Thu Feb 2025 1589.30 1557.85 to 1633.45 -2.42% 0.4 times
25 Tue Feb 2025 1628.65 1615.10 to 1699.00 -3.52% 0.22 times

Technical analysis forecast for Concord Biotech Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Concord Biotech Limited CONCORDBIO at this time. Stock is falling and might fall more.

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

Stock of Concord Biotech Limited (CONCORDBIO) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Concord Biotech Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1619.8 as stoploss in an intra day buy trade for a target of 1738.84. However, stock will show a bearish move below 1619.8.

More indepth analysis on MunafaSutra.com