BIO Technical Analysis - BIO-RAD LABORATORIES-A

Technical Rating and Analysis

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.

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 71% of 57 stocks in the same industry.

In the last month BIO has a been trading in the 266.71 - 337.77 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Looking at the yearly performance, BIO did better than 78% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

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.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

BIO-RAD LABORATORIES-A / BIO Weekly stock chart

BIO-RAD LABORATORIES-A / BIO Daily stock chart

Setup Rating and Analysis

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.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

261.57

334.95

When analyzing the support we can see 4 important areas.

A support zone ranging from 297.71 to 301.05. 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 @277.87 from a trend line in the daily time frame.
Support @264.21 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	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	78.83	POSITIVE	BIO has a high relative strength, it outperformed 78.83% 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)	UP	POSITIVE	The current price of BIO is above the rising SMA(200).
Relative Strength Index/RSI (14)	72.77	OVERBOUGHT	The high RSI value suggests BIO may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	3.26	POSITIVE	The MACD value suggests BIO has a positive trend.
Stochastics (14,3)	93.16	OVERBOUGHT	The high Stochastics value suggests BIO may be overbought.
Average True Range in percent/ATR (20)	3.13	MEDIUM VOLATILITY	The ATR as a percentage value for BIO suggests some volalility.
Average Directional Index/ADX (14)	28.01	POSITIVE	The high ADX value value for BIO suggests a strong trend.