BIO-RAD LABORATORIES-A (BIO) Stock Technical Analysis
NYSE:BIO - US0905722072 - Common Stock
293.67 USD
+0.83 (+0.28%)
293.67 USD
0 (0%)
Overall BIO gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BIO is only an average performer.
The long and short term trends are both positive. This is looking good!
BIO is one of the better performing stocks in the Life Sciences Tools & Services industry, it outperforms 73% of 54 stocks in the same industry.
BIO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When compared to the yearly performance of all other stocks, BIO outperforms 59% of them, which is more or less in line with the market.
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.
Although BIO has an excellent technical rating, the quality of the presented setup is not ideal 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
218.30
306.87
We found 3 important support areas.
- A support zone ranging from 261.99 to 264.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @254.34 from a trend line in the daily time frame.
- Support @220.51 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 302.05 to 303.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 59.62 | 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) | DOWN | MIXED | The current price of BIO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.12 | NEUTRAL | The RSI value for BIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests BIO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.58 | NEUTRAL | The Stochastics value for BIO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for BIO suggests some volalility. |
| Average Directional Index/ADX (14) | 30.44 | POSITIVE | The high ADX value value for BIO suggests a strong 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 |
|---|---|---|---|
| 303.84 | 281.99 | 21.85 (7.19%) | 13.91% |
| An entry @303.84. This is a Buy Stop order right above the resistance zone. | An exit @281.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 21.85 points, which is 7.19%. | When investing 13.91% 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.
293.67
+0.83 (+0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg0.28%
1 Week3.03%
2 Weeks2.25%
1 Month21.38%
3 Month29.41%
6 Month10.75%
12 Month-12.94%
2 Year-26.62%
3 Year-39.45%
5 Year-42.26%
10 Year110.77%
15 Year255.83%
Volatility
ATR(14)8.33
ATR(20)%3.61%
ATR Inc-22.03%
Range Today5.65
ADR(20)8.68
ADR(20)%2.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.62
Mansfield-0.84
10 Day High308.44
10 Day Low282
20 Day High308.44
20 Day Low261.65
52 Week High387.99
52 Week Low211.43
CS1 End264.2
CR1 Start302.05
Volume & EV
DER(3)0.02%
DER(5)0.47%
Volume189.60K
Volume Incr10.28%
Vol(5)329.80K
Vol(50)314.09K