Is Concord Biotech technically bullish or bearish?

Sep 23 2025 08:14 AM IST
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As of September 22, 2025, Concord Biotech's technical trend has shifted to bearish, with strong indicators of weakness across weekly MACD, Bollinger Bands, and daily moving averages, despite some bullish divergence in the monthly OBV.
As of 22 September 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with a strong indication of weakness. The weekly MACD is bearish, and both the weekly and monthly Bollinger Bands confirm a bearish outlook. Daily moving averages also indicate bearish momentum. The KST on a weekly basis is bearish, while the OBV shows a bullish trend on a monthly basis, suggesting some divergence. Overall, the bearish indicators dominate, reflecting a negative sentiment in the market for Concord Biotech.
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