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Stock analysis Concord Biotech Limited CONCORDBIO

More indepth analysis on MunafaSutra.com

Moving Averages for Concord Biotech Limited

  • 5Day Average: 1648.72
  • 12Day Average: 1603.59
  • 20Day Average: 1567.11
  • 50Day Average: 1499.31
  • 100Day Average: 1461.61
  • 150Day Average: 1369.59

CONCORDBIO Indicators & signals

Indicator MACD (12,26,9)

1610.17, 1563.18, 37.82
Indicator MACD is in positive zone

Indicator ADX (14)

67.33, 30.18, 5.89
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 53
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
30 Tue Apr 2024 1667.10 1645.05 to 1725.00 1.01% 1.13 times
29 Mon Apr 2024 1650.45 1631.65 to 1684.50 -0.58% 0.62 times
26 Fri Apr 2024 1660.05 1641.05 to 1677.95 1.45% 0.52 times
25 Thu Apr 2024 1636.40 1610.00 to 1642.70 0.42% 0.36 times
24 Wed Apr 2024 1629.60 1610.00 to 1648.60 1% 0.89 times
23 Tue Apr 2024 1613.50 1585.00 to 1636.00 1.9% 1.12 times
22 Mon Apr 2024 1583.40 1571.20 to 1634.00 -0.6% 0.81 times
19 Fri Apr 2024 1593.00 1545.20 to 1626.95 0.55% 1.97 times
18 Thu Apr 2024 1584.35 1511.40 to 1616.00 3.6% 1.72 times
16 Tue Apr 2024 1529.30 1512.55 to 1550.30 -0.43% 0.93 times
15 Mon Apr 2024 1535.95 1487.05 to 1544.60 -1.54% 1.07 times
12 Fri Apr 2024 1560.00 1500.00 to 1660.00 3.28% 6.23 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, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Concord Biotech Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Concord Biotech Limited stays above 1637.6, but if it comes below 1637.6, then a intra day sell could be more profitable.
If you take a sell trade below 1637.6, then use 1637.6 as stoploss and 1580.03 as target. However if you take a buy trade in Concord Biotech Limited, then use 1637.6 as stoploss and 1706.6 as target.

More indepth analysis on MunafaSutra.com