BIO-TECHNE CORP (TECH) Stock Technical Analysis
NASDAQ:TECH - Nasdaq - US09073M1045 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to TECH. Recently some decent action could be observed, but in the medium term time frame this is still negative. TECH was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, TECH is a bad performer in the overall market: 79% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month TECH has a been trading in the 49.71 - 59.50 range, which is quite wide. It is currently trading near the high of this range.
TECH has an average volume of 2272600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TECH is part of the Life Sciences Tools & Services industry. There are 55 other stocks in this industry, TECH did better than 44% of them.
TECH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TECH 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.
TECH has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
47.03
79.51
4 important support areas can be observed.
- A support zone ranging from 53.21 to 53.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.26 to 50.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @49.30 from a horizontal line in the daily time frame.
- Support @47.51 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 58.79 to 58.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @72.17 from a trend line in the weekly time frame.
- Resistance @74.50 from a trend line in the weekly time frame.
- Resistance @78.72 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 | NEUTRAL | NEUTRAL | The long term trend for TECH is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TECH is up. |
| ChartMill Relative Strength | 21.58 | NEGATIVE | TECH has a low relative strength, it was outperformed by 78.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TECH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TECH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TECH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.28 | NEUTRAL | The RSI value for TECH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.56 | POSITIVE | The MACD value suggests TECH has a positive trend. |
| Stochastics (14,3) | 93.23 | OVERBOUGHT | The high Stochastics value suggests TECH may be overbought. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for TECH suggests some volalility. |
| Average Directional Index/ADX (14) | 18.94 | NEGATIVE | The low ADX value for TECH suggests a weak or negative 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)
58.78
+0.31 (+0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg0.53%
1 Week13%
2 Weeks8.57%
1 Month11.33%
3 Month17%
6 Month-23.71%
12 Month-27.07%
2 Year-29.52%
3 Year-38.97%
5 Year-14.55%
10 Year114.96%
15 Year302.6%
Volatility
ATR(14)2.24
ATR(20)%3.69%
ATR Inc35.68%
Range Today1.74
ADR(20)2.06
ADR(20)%3.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.58
Mansfield-1.76
10 Day High59.5
10 Day Low49.71
20 Day High59.5
20 Day Low49.71
52 Week High83.62
52 Week Low46.01
CS1 End53.71
CR1 Start58.79
Volume & EV
DER(3)-4.15%
DER(5)-2.31%
Volume2.70M
Volume Incr49.67%
Vol(5)2.79M
Vol(50)2.27M