Is Concord Biotech technically bullish or bearish?

Sep 24 2025 08:14 AM IST
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As of September 23, 2025, Concord Biotech's trend is mildly bearish due to bearish momentum from the MACD and Bollinger Bands, despite some underlying strength indicated by Dow Theory and a bullish monthly OBV.
As of 23 September 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 and Bollinger Bands indicating bearish momentum. The daily moving averages also reflect a bearish trend. However, the Dow Theory shows a mildly bullish signal on the weekly timeframe, suggesting some underlying strength. The RSI indicates no signal on both weekly and monthly timeframes, and the OBV shows a bullish trend on the monthly but no trend on the weekly. Overall, the mixed signals suggest a cautious outlook with bearish tendencies prevailing.
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