BIO-TECHNE CORP (TECH) Stock Technical Analysis
NASDAQ:TECH - Nasdaq - US09073M1045 - Common Stock - Currency: USD
We assign a technical rating of 3 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: 87% of all stocks are doing better.
TECH is part of the Life Sciences Tools & Services industry. There are 55 other stocks in this industry, of which 68% are performing better than TECH.
TECH is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
TECH has an average volume of 2424360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month TECH has a been trading in the 47.25 - 53.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, TECH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 51.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 50.75, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
46.18
81.16
2 important support areas can be observed.
- A support zone ranging from 49.69 to 50.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 46.65 to 47.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 51.85 to 51.92. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @52.81 from a horizontal line in the daily time frame.
- Resistance @72.73 from a trend line in the weekly time frame.
- Resistance @78.72 from a horizontal line in the weekly time frame.
- Resistance @80.36 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for TECH is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TECH is up. |
| ChartMill Relative Strength | 13.25 | NEGATIVE | TECH has a low relative strength, it was outperformed by 86.75% 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) | 54.13 | NEUTRAL | The RSI value for TECH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests TECH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.4 | NEUTRAL | The Stochastics value for TECH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for TECH suggests some volalility. |
| Average Directional Index/ADX (14) | 13.34 | 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)
NASDAQ:TECH (7/1/2025, 11:02:10 AM)
51.765
+0.31 (+0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg0.61%
1 Week4.36%
2 Weeks1.84%
1 Month6.3%
3 Month-0.52%
6 Month-30.28%
12 Month-27.98%
2 Year-36.97%
3 Year-40.63%
5 Year-22.07%
10 Year109%
15 Year258.23%
Volatility
ATR(14)1.83
ATR(20)%3.5%
ATR Inc-11%
Range Today1.7
ADR(20)1.73
ADR(20)%3.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.25
Mansfield-2.76
10 Day High53.41
10 Day Low48.41
20 Day High53.41
20 Day Low47.25
52 Week High83.62
52 Week Low46.01
CS1 End50.75
CR1 Start51.85
Volume & EV
DER(3)-0.2%
DER(5)0.84%
Volume746.78K
Volume Incr-5.08%
Vol(5)2.44M
Vol(50)2.42M