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Stock analysis Concord Biotech Limited CONCORDBIO

More indepth analysis on MunafaSutra.com

Moving Averages for Concord Biotech Limited

  • 5Day Average: 1446.96
  • 12Day Average: 1535.87
  • 20Day Average: 1588.84
  • 50Day Average: 1632.58
  • 100Day Average: 1887.82
  • 150Day Average: 1910.33
  • 200Day Average: 1881.12

CONCORDBIO Indicators & signals

Indicator MACD (12,26,9)

1520.53, 1586.67, -50.73
Indicator MACD is in negative zone

Indicator ADX (14)

17.15, 21.51, 30.42
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 49
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
08 Thu May 2025 1523.00 1406.60 to 1547.70 9.05% 11.41 times
07 Wed May 2025 1396.60 1375.00 to 1433.00 0.71% 1.54 times
06 Tue May 2025 1386.70 1351.60 to 1437.90 -3.56% 2.3 times
05 Mon May 2025 1437.90 1432.70 to 1505.20 -3.54% 1.73 times
02 Fri May 2025 1490.60 1478.20 to 1531.20 -1.84% 0.76 times
30 Wed Apr 2025 1518.60 1510.10 to 1583.00 -2.52% 0.67 times
29 Tue Apr 2025 1557.80 1540.30 to 1602.90 0.29% 0.64 times
28 Mon Apr 2025 1553.30 1543.40 to 1588.70 -2.19% 0.58 times
25 Fri Apr 2025 1588.00 1580.00 to 1649.50 -3.8% 0.47 times
24 Thu Apr 2025 1650.70 1618.90 to 1697.80 0.13% 0.9 times
23 Wed Apr 2025 1648.50 1641.60 to 1692.00 -1.8% 0.41 times
22 Tue Apr 2025 1678.70 1669.30 to 1739.40 -1.96% 0.36 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, and stock might move down till 1457.8 or till 1332.2. Use a stoploss of 1562.35 and if the stock hits stoploss, then it can shoot up till 1666.94

More indepth analysis on MunafaSutra.com