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Stock analysis Concord Biotech Limited CONCORDBIO

More indepth analysis on MunafaSutra.com

Moving Averages for Concord Biotech Limited

  • 5Day Average: 2265.4
  • 12Day Average: 2166.74
  • 20Day Average: 2167.18
  • 50Day Average: 2170.98
  • 100Day Average: 2065.68
  • 150Day Average: 1958.02
  • 200Day Average: 1851.02

CONCORDBIO Indicators & signals

Indicator MACD (12,26,9)

2201.82, 2182, 10.73
Indicator MACD is in positive zone

Indicator ADX (14)

6.19, 21.94, 24.84
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
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
11 Tue Feb 2025 2131.20 2075.80 to 2253.95 -4.65% 0.85 times
10 Mon Feb 2025 2235.20 2215.45 to 2451.70 -4.71% 3.75 times
07 Fri Feb 2025 2345.60 2313.90 to 2369.85 0.15% 0.45 times
06 Thu Feb 2025 2342.20 2245.00 to 2347.05 3.05% 0.85 times
05 Wed Feb 2025 2272.80 2233.55 to 2309.95 1.59% 0.97 times
04 Tue Feb 2025 2237.25 2156.80 to 2265.00 4.55% 0.77 times
03 Mon Feb 2025 2139.90 2050.00 to 2150.00 -0.68% 0.21 times
31 Fri Jan 2025 2154.65 2057.95 to 2226.95 4.26% 0.71 times
30 Thu Jan 2025 2066.55 2038.50 to 2098.05 0.73% 1.13 times
29 Wed Jan 2025 2051.55 2003.00 to 2066.00 0.41% 0.26 times
28 Tue Jan 2025 2043.20 1945.05 to 2097.95 3.15% 0.89 times
27 Mon Jan 2025 1980.75 1951.00 to 2089.05 -5.52% 0.7 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, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

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 2093.8 as stoploss in an intra day buy trade for a target of 2188.87. However, stock will show a bearish move below 2093.8.

More indepth analysis on MunafaSutra.com