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Technicals for Concord Biotech Limited
By MusingTheNews
2025-12-15 20:30
Overall Technical outlook
Price Summary
On 2025-12-15, CONCORDBIO's stock began at 1375.1, peaked at 1399.2, dipped to 1355.0, and closed up -1.05% at 1360.6, with a volume of 322015 shares. In the 52-week period, the stock's peak price is 2345.6, and the lowest price recorded is 1360.6. 6 analysts forecast that the price of CONCORDBIO will range from 1500.0 to 1970.0, with an average expected price near 1736.6666.
Technicals
Aroon: The AROON is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Aroon chart for Concord Biotech Limited
Bol. Bands: The BOLL BANDS is showing a neutral stance, with no definitive indication of an upward or downward trend for CONCORDBIO. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Bolinger Bands chart for Concord Biotech Limited
Parabolic SAR: The PSAR for CONCORDBIO continues to signal a bearish stance, reinforcing a resistance level that could restrict upward movement. This resistance suggests that the market may remain under bearish pressure, with limited potential for breaking higher. Parabolic Stop and Reverse chart for Concord Biotech Limited
Stochastic: The STOCHASTIC is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Stochastic chart for Concord Biotech Limited
Tripple Moving Agerage: A bullish trend is reflected in the alignment of the 20-50-100 period moving averages, though the slopes of the faster averages hint at a possible reversal. This weakening momentum suggests that while the overall trend is still upward, traders should be cautious of a potential shift in the near future. Tripple SMA chart for Concord Biotech Limited
To accurately interpret a company's technical data, it is important to first examine its fundamentals. These include financial performance, management quality, and growth prospects. In addition, understanding the dynamics of the industry in which the company operates—such as competition, market trends, and regulatory factors—provides further insights. This combined analysis helps create a fuller picture, allowing for more precise conclusions to be drawn from the company's technical performance and stock behavior.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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