Is Concord Biotech technically bullish or bearish?

Aug 31 2025 08:06 AM IST
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As of 29 August 2025, Concord Biotech's technical trend is mildly bearish, indicated by bearish weekly MACD and moving averages, while showing some divergence with a bullish KST on the weekly and a bullish OBV on the monthly.
As of 29 August 2025, the technical trend for Concord Biotech has changed from bearish to mildly bearish. The weekly MACD remains bearish, and the daily moving averages also indicate a bearish stance. Bollinger Bands are bearish on both weekly and monthly time frames. The Dow Theory shows a mildly bearish trend on the monthly chart, while the KST is bullish on the weekly, suggesting some divergence. The OBV is bullish on the monthly but shows no trend on the weekly. Overall, the current technical stance is mildly bearish, with key indicators such as the MACD and moving averages driving this outlook.
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