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Stock analysis Concord Biotech Limited CONCORDBIO

More indepth analysis on MunafaSutra.com

Moving Averages for Concord Biotech Limited

  • 5Day Average: 1711.68
  • 12Day Average: 1698.75
  • 20Day Average: 1676.71
  • 50Day Average: 1560.28
  • 100Day Average: 1539.55
  • 150Day Average: 1510.22
  • 200Day Average: 1444.79

CONCORDBIO Indicators & signals

Indicator MACD (12,26,9)

1691.67, 1651.11, 44.75
Indicator MACD is in positive zone

Indicator ADX (14)

39.48, 22.74, 9.87
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 61
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
26 Fri Jul 2024 1702.65 1687.05 to 1711.70 0.47% 0.45 times
25 Thu Jul 2024 1694.70 1690.05 to 1728.55 -1.53% 0.78 times
24 Wed Jul 2024 1720.95 1695.05 to 1756.30 0.05% 0.78 times
23 Tue Jul 2024 1720.05 1653.25 to 1729.35 0% 1.62 times
23 Tue Jul 2024 1720.05 1653.25 to 1729.35 3.43% 1.62 times
22 Mon Jul 2024 1663.00 1636.95 to 1710.00 -0.57% 1.16 times
19 Fri Jul 2024 1672.55 1631.30 to 1706.20 -1.39% 0.53 times
18 Thu Jul 2024 1696.20 1680.05 to 1705.95 -0.33% 0.52 times
16 Tue Jul 2024 1701.85 1679.00 to 1738.95 -0.67% 0.81 times
15 Mon Jul 2024 1713.25 1677.50 to 1720.95 1.38% 1.59 times
12 Fri Jul 2024 1689.90 1669.25 to 1713.15 0% 0.58 times
11 Thu Jul 2024 1689.90 1672.75 to 1717.00 -0.74% 0.46 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 stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1723.1 as stoploss in an intra day sell trade for a target of 1668.2. However, stock will show a bullish move above 1723.1.

More indepth analysis on MunafaSutra.com