BIO-RAD LABORATORIES-A (BIO) Technical Analysis
NYSE:BIO • US0905722072
Current stock price
BIO Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to BIO. In the past year, BIO was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- BIO is part of the Life Sciences Tools & Services industry. There are 57 other stocks in this industry. BIO outperforms 73% of them.
- In the last month BIO has a been trading in the 258.95 - 289.50 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, BIO turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
- 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 Weekly and Daily overview Charts
BIO Setup Rating and Analysis
Although the technical rating is only medium, BIO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 288.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 280.94, a Stop Loss order could be placed below this zone.
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BIO Support and Resistance Analysis
253.98
When analyzing the support we can see 3 important areas.
- A support zone ranging from 273.56 to 280.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 260.75 to 265.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 256.55 to 256.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 288.18 to 288.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 300.34 to 303.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 325.00 to 327.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
BIO 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 | NEUTRAL | NEUTRAL | The long term trend for BIO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BIO is up. |
| ChartMill Relative Strength | 50.26 | 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) | DOWN | MIXED | The current price of BIO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BIO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.64 | NEUTRAL | The RSI value for BIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.89 | POSITIVE | The MACD value suggests BIO has a positive trend. |
| Stochastics (14,3) | 73.95 | NEUTRAL | The Stochastics value for BIO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for BIO suggests some volalility. |
| Average Directional Index/ADX (14) | 15.56 | NEGATIVE | The low ADX value for BIO suggests a weak or negative trend. |
BIO Chart- and CandleStick Pattern Analysis
BIO Technicals: Chart, Performance Metrics, Trend & Indicators
288.17
+8.92 (+3.19%)
BIO-RAD LABORATORIES-A / BIO TA FAQ
What is the technical rating for BIO stock?
ChartMill assigns a technical rating of 4 / 10 to BIO.
Can you provide the trend direction for BIO-RAD LABORATORIES-A?
The current trend direction for BIO-RAD LABORATORIES-A (BIO) is Bearish.
What is the RSI signal for BIO-RAD LABORATORIES-A (BIO) stock?
BIO-RAD LABORATORIES-A (BIO) has an RSI value of 61.6361. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BIO-RAD LABORATORIES-A?
The MACD indicator for BIO-RAD LABORATORIES-A (BIO) has a value of 1.89102, indicating a bullish trend.
What is the support and resistance level for BIO stock?
BIO-RAD LABORATORIES-A (BIO) has a support level at 280.94 and a resistance level at 288.18. Check the full technical report for our detailed analysis of BIO support and resistance levels.