BIO-RAD LABORATORIES-A (BIO) Stock Technical Analysis
USA - NYSE:BIO - US0905722072 - Common Stock
321.9 USD
+11.88 (+3.83%)
321.9 USD
0 (0%)
Overall BIO gets a technical rating of 8 out of 10. 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.
The long and short term trends are both positive. This is looking good!
In the last month BIO has a been trading in the 266.71 - 322.54 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, BIO did better than 70% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
BIO is part of the Life Sciences Tools & Services industry. There are 57 other stocks in this industry, BIO did better than 69% of them.
BIO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BIO is lagging the market.
BIO has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
261.57
372.95
When analyzing the support we can see 4 important areas.
- A support zone ranging from 290.44 to 297.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @284.35 from a trend line in the weekly time frame.
- Support @276.63 from a trend line in the daily time frame.
- Support @264.21 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @369.26 from a horizontal 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 | 70.65 | POSITIVE | BIO has a high relative strength, it outperformed 70.65% off all stocks 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) | DOWN | MIXED | The current price of BIO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.97 | NEUTRAL | The RSI value for BIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.03 | POSITIVE | The MACD value suggests BIO has a positive trend. |
| Stochastics (14,3) | 85.78 | OVERBOUGHT | The high Stochastics value suggests BIO may be overbought. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for BIO suggests some volalility. |
| Average Directional Index/ADX (14) | 23.53 | NEUTRAL | The ADX value for BIO suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 322.55 | 292.55 | 30.00 (9.30%) | 10.75% |
| An entry @322.55. This is a Buy Stop order right above the 10 day high. | An exit @292.55. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 30.00 points, which is 9.30%. | When investing 10.75% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
321.9
+11.88 (+3.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg3.83%
1 Week5.99%
2 Weeks4.12%
1 Month13.6%
3 Month21.84%
6 Month32.67%
12 Month0.52%
2 Year16.94%
3 Year-8.48%
5 Year-45.11%
10 Year130.79%
15 Year255.22%
Volatility
ATR(14)10.77
ATR(20)%3.14%
ATR Inc4.56%
Range Today17.22
ADR(20)9.76
ADR(20)%3.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.65
Mansfield0.14
10 Day High322.54
10 Day Low292.56
20 Day High322.54
20 Day Low266.71
52 Week High387.99
52 Week Low211.43
CS1 End297.71
CR1 Start369.26
Volume & EV
DER(3)1.6%
DER(5)0.56%
Volume199.00K
Volume Incr-17.62%
Vol(5)175.28K
Vol(50)213.62K