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Stock analysis Concord Biotech Limited CONCORDBIO

More indepth analysis on MunafaSutra.com

Moving Averages for Concord Biotech Limited

  • 5Day Average: 2233.51
  • 12Day Average: 2189.96
  • 20Day Average: 2166.52
  • 50Day Average: 2068.54
  • 100Day Average: 1995.59
  • 150Day Average: 1869.21
  • 200Day Average: 1780.98

CONCORDBIO Indicators & signals

Indicator MACD (12,26,9)

2200.31, 2157.35, 35.09
Indicator MACD is in positive zone

Indicator ADX (14)

34.18, 30.94, 15.18
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 55
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
10 Fri Jan 2025 2256.50 2184.75 to 2310.05 -2.74% 0.5 times
09 Thu Jan 2025 2320.15 2246.20 to 2345.00 2.53% 1.29 times
08 Wed Jan 2025 2262.90 2152.30 to 2285.00 4.14% 1.22 times
07 Tue Jan 2025 2172.95 2143.75 to 2188.00 0.83% 0.36 times
06 Mon Jan 2025 2155.05 2086.55 to 2201.00 3.41% 0.73 times
03 Fri Jan 2025 2083.90 2075.55 to 2137.70 -1.79% 0.16 times
02 Thu Jan 2025 2121.85 2094.25 to 2164.90 -1.25% 0.29 times
01 Wed Jan 2025 2148.75 2131.05 to 2219.95 -2.8% 0.52 times
31 Tue Dec 2024 2210.75 2192.35 to 2401.00 0.84% 4.88 times
30 Mon Dec 2024 2192.35 2141.65 to 2241.00 1.25% 0.4 times
27 Fri Dec 2024 2165.20 2148.00 to 2207.80 -1.09% 0.16 times
26 Thu Dec 2024 2189.15 2115.05 to 2235.00 1.77% 0.35 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 2235.2, but if it comes below 2235.2, then a intra day sell could be more profitable.
If you take a sell trade below 2235.2, then use 2235.2 as stoploss and 2174.67 as target. However if you take a buy trade in Concord Biotech Limited, then use 2235.2 as stoploss and 2307.9 as target.

More indepth analysis on MunafaSutra.com