BIO-RAD LABORATORIES-A (BIO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BIO - US0905722072 - Common Stock
We assign a technical rating of 8 out of 10 to BIO. Although BIO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although BIO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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261.57
When analyzing the support we can see 2 important areas.
- A support zone ranging from 296.88 to 307.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @264.21 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @336.80 from a trend line in the weekly time frame.
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 | UP | POSITIVE | The long term trend for BIO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BIO is up. |
| ChartMill Relative Strength | 64.03 | NEUTRAL | BIO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BIO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BIO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BIO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.67 | NEUTRAL | The RSI value for BIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.94 | POSITIVE | The MACD value suggests BIO has a positive trend. |
| Stochastics (14,3) | 79.59 | NEUTRAL | The Stochastics value for BIO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.97 | MEDIUM VOLATILITY | The ATR as a percentage value for BIO suggests some volalility. |
| Average Directional Index/ADX (14) | 16.89 | NEGATIVE | The low ADX value for BIO suggests a weak or negative trend. |
332.21
+9.73 (+3.02%)
BIO-RAD LABORATORIES-A / BIO FAQ
What is the technical rating for BIO stock?
ChartMill assigns a technical rating of 8 / 10 to BIO.
What is the current trend direction of BIO-RAD LABORATORIES-A (BIO) stock?
The current trend direction for BIO-RAD LABORATORIES-A (BIO) is Bullish.
What is the RSI signal for BIO stock?
BIO-RAD LABORATORIES-A (BIO) has an RSI value of 61.6706. This indicates that the stock is currently neutral.
What is the MACD signal for BIO-RAD LABORATORIES-A (BIO) stock?
The MACD indicator for BIO-RAD LABORATORIES-A (BIO) has a value of 0.935621, indicating a bearish trend.
What are the support and resistance levels for BIO-RAD LABORATORIES-A (BIO) stock?
BIO-RAD LABORATORIES-A (BIO) has a support level at 307.19 and a resistance level at 336.8. Check the full technical report for our detailed analysis of BIO support and resistance levels.