We assign a technical rating of 7 out of 10 to TECH. Although TECH is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although TECH 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
53.15
When analyzing the support we can see 2 important areas.
- A support zone ranging from 56.98 to 60.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @53.69 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 65.91 to 66.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @67.67 from a trend 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 | UP | POSITIVE | The long term trend for TECH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TECH is up. |
| ChartMill Relative Strength | 37.17 | NEUTRAL | TECH is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of TECH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.56 | NEUTRAL | The RSI value for TECH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.83 | POSITIVE | The MACD value suggests TECH has a positive trend. |
| Stochastics (14,3) | 84.29 | OVERBOUGHT | The high Stochastics value suggests TECH may be overbought. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for TECH suggests some volalility. |
| Average Directional Index/ADX (14) | 22.16 | NEUTRAL | The ADX value for TECH suggests a possible start of a new trend. |
65.7
+1.12 (+1.73%)
BIO-TECHNE CORP / TECH FAQ
Can you provide the ChartMill technical rating for BIO-TECHNE CORP?
ChartMill assigns a technical rating of 7 / 10 to TECH.
What is the current trend direction of BIO-TECHNE CORP (TECH) stock?
The current trend direction for BIO-TECHNE CORP (TECH) is Bullish.
What is the RSI signal for BIO-TECHNE CORP (TECH) stock?
BIO-TECHNE CORP (TECH) has an RSI value of 68.5591. This indicates that the stock is currently neutral.
What is the short term momentum for BIO-TECHNE CORP (TECH) stock?
The short term momentum for BIO-TECHNE CORP (TECH) is positive.
Can you provide the buy/sell signal for BIO-TECHNE CORP?
The buy/sell signal for BIO-TECHNE CORP (TECH) is buy as both the short term and long term trends are positive.