Is Concord Biotech technically bullish or bearish?

Oct 06 2025 08:11 AM IST
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As of October 3, 2025, Concord Biotech's technical trend has shifted to a bearish stance, supported by bearish MACD, moving averages, and Bollinger Bands, along with a significant year-to-date decline.
As of 3 October 2025, the technical trend for Concord Biotech has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. The weekly MACD is bearish, and the daily moving averages confirm this bearish sentiment. Additionally, the Bollinger Bands indicate a bearish trend on the weekly timeframe. The stock's recent performance shows a significant decline year-to-date, further supporting the bearish outlook. Overall, the combination of these indicators suggests a continued bearish trend for Concord Biotech.
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