Is Concord Biotech technically bullish or bearish?
As of August 29, 2025, Concord Biotech's trend is mildly bearish due to bearish signals from the MACD, moving averages, and Bollinger Bands, despite some conflicting bullish indicators.
As of 29 August 2025, the technical trend for Concord Biotech has changed from bearish to mildly bearish. The current stance is mildly bearish, driven primarily by the weekly MACD indicating bearish momentum and the daily moving averages also showing a bearish trend. The Bollinger Bands on both weekly and monthly time frames are bearish, reinforcing the negative outlook. The Dow Theory indicates a mildly bearish trend on the monthly chart, while the KST shows bullishness on the weekly, suggesting some conflicting signals. Overall, the lack of strong bullish indicators and the presence of bearish signals lead to a mildly bearish assessment.
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