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Technicals for Concord Biotech Limited
By MusingTheNews
2025-07-16 20:30
Overall Technical outlook
Price Summary
On 2025-07-16, Concord Biotech Limited's stock opened at 1838.5, reached 1868.0, hit a low of 1822.1, and rose 0.01% to close at 1838.6, with 241621 shares traded. Over the past 52 weeks, the stock reached a maximum price of 2601.1 and a minimum price of 1386.7. As per recommendations from 5 analysts, CONCORDBIO's future price is expected to span between 1700.0 and 2120.0, with a mean price around 1937.0.
Technicals
Support and Resistance: At 1838.6, the price is held up by support at 1747.45 and faces resistance at 2043.2 for CONCORDBIO. This suggests a trading range where 1747.45 provides a base and 2043.2 limits upward movement. Support/Resistance for CONCORDBIO
Aroon: The AROON is in a neutral stance for CONCORDBIO, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand. Aroon chart for Concord Biotech Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Bolinger Bands chart for Concord Biotech Limited
Parabolic SAR: The PSAR remains bullish, reinforcing a significant support level. This steady support suggests that the market's upward trend may continue, providing a solid foundation for potential gains for CONCORDBIO. Investors might see this as an opportunity to capitalize on the ongoing bullish sentiment. Parabolic Stop and Reverse chart for Concord Biotech Limited
Stochastic: The current reading of the STOCHASTIC is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Stochastic chart for Concord Biotech Limited
Tripple Moving Agerage: The current reading of the Tripple MOVING AVG is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Tripple SMA chart for Concord Biotech Limited
Before focusing on technical indicators like stock price and volume, it's important to consider a company's fundamentals. These include financial metrics such as profitability, revenue growth, and debt levels. Furthermore, understanding the industry landscape, including competition and consumer trends, provides essential context. By combining this fundamental analysis with technical data, investors can make more informed decisions and draw deeper conclusions about the company's potential for future growth and success.
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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