BIO.B Technical Analysis - BIO-RAD LABORATORIES -CL B

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to BIO.B. BIO.B scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

94% of all other stocks performed better in the past year than BIO.B.

BIO.B is part of the Life Sciences Tools & Services industry. There are 57 other stocks in this industry, of which 82% are performing better than BIO.B.

BIO.B is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

Warning: BIO.B has an average volume of 566 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month BIO.B has a been trading in the 225.29 - 359.22 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BIO-RAD LABORATORIES -CL B / BIO.B Weekly stock chart

BIO-RAD LABORATORIES -CL B / BIO.B Daily stock chart

Setup Rating and Analysis

The technical rating of BIO.B is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

282.03

671.60

We can see 5 important resistance areas.

A resistance zone ranging from 297.88 to 302.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 310.11 to 317.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @329.43 from a trend line in the daily time frame.
Resistance @352.91 from a horizontal line in the daily time frame.
Resistance @664.95 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for BIO.B is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BIO.B is down.
ChartMill Relative Strength	6.75	NEGATIVE	BIO.B has a low relative strength, it was outperformed by 93.25% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BIO.B is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of BIO.B is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of BIO.B is below a declining SMA(200).
Relative Strength Index/RSI (14)	46.96	NEUTRAL	The RSI value for BIO.B is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-3.71	NEGATIVE	The MACD value suggests BIO.B has a negative trend, although the MACD value is rising.
Stochastics (14,3)	28.32	NEUTRAL	The Stochastics value for BIO.B is a neutral value.
Average True Range in percent/ATR (20)	4.72	MEDIUM VOLATILITY	The ATR as a percentage value for BIO.B suggests some volalility.
Average Directional Index/ADX (14)	19.95	NEGATIVE	The low ADX value for BIO.B suggests a weak or negative trend.