Homepage Active Options Active Stocks

Stock analysis Concord Biotech Limited CONCORDBIO

More indepth analysis on MunafaSutra.com

Moving Averages for Concord Biotech Limited

  • 5Day Average: 1477.58
  • 12Day Average: 1530.31
  • 20Day Average: 1569.86
  • 50Day Average: 1517.88
  • 100Day Average: 1486.01
  • 150Day Average: 1408.21

CONCORDBIO Indicators & signals

Indicator MACD (12,26,9)

1513.92, 1534.03, 1.57
Indicator MACD is in negative zone

Indicator ADX (14)

28.98, 14.22, 25.82
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
17 Fri May 2024 1431.70 1422.65 to 1457.95 -1.82% 3.33 times
16 Thu May 2024 1458.25 1453.05 to 1506.35 -1.96% 1.1 times
15 Wed May 2024 1487.40 1470.20 to 1515.00 -1.06% 2.11 times
14 Tue May 2024 1503.30 1500.00 to 1529.85 -0.26% 0.42 times
13 Mon May 2024 1507.25 1485.40 to 1530.00 -0.12% 0.65 times
10 Fri May 2024 1509.10 1495.15 to 1542.80 0.52% 1.02 times
09 Thu May 2024 1501.30 1491.40 to 1567.35 -3.34% 0.81 times
08 Wed May 2024 1553.20 1540.00 to 1568.20 -0.25% 0.56 times
07 Tue May 2024 1557.05 1530.00 to 1599.75 -1.36% 1.5 times
06 Mon May 2024 1578.55 1560.00 to 1641.00 -2.42% 0.96 times
03 Fri May 2024 1617.75 1609.95 to 1658.80 -2.48% 0.87 times
02 Thu May 2024 1658.90 1650.10 to 1675.30 -0.49% 0.97 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 trade for tomorrow is selective. Take a sell trade only if Concord Biotech Limited stays below 1460.6, but if it comes above 1460.6, then a intra day buy could be more profitable.
If you take a sell trade below 1460.6, then use 1460.6 as stoploss and 1375.5 as target. However if you take a buy trade in Concord Biotech Limited, then use 1460.6 as stoploss and 1531.45 as target.

More indepth analysis on MunafaSutra.com