BIO-TECHNE CORP (TECH) Stock Technical Analysis
NASDAQ:TECH - US09073M1045 - Common Stock
54.2 USD
+0.52 (+0.96%)
54.2 USD
0 (0%)
We assign a technical rating of 3 out of 10 to TECH. In the past year, TECH was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
84% of all other stocks performed better in the past year 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.
In the last month TECH has a been trading in the 50.04 - 57.60 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
TECH has an average volume of 2082910 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 40% of them.
TECH has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 53.97, a Stop Loss order could be placed below this zone.
More info and screens
46.18
71.57
When analyzing the support we can see 4 important areas.
- A support zone ranging from 53.38 to 53.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 51.29 to 52.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @49.30 from a horizontal line in the daily time frame.
- A support zone ranging from 46.65 to 46.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @55.48 from a trend line in the daily time frame.
- Resistance @57.37 from a trend line in the daily time frame.
- 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 @70.86 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 | DOWN | NEGATIVE | The long term trend for TECH is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TECH is neutral. |
| ChartMill Relative Strength | 16.25 | NEGATIVE | TECH has a low relative strength, it was outperformed by 83.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TECH is below 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) | 50.35 | NEUTRAL | The RSI value for TECH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests TECH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.49 | NEUTRAL | The Stochastics value for TECH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for TECH suggests some volalility. |
| Average Directional Index/ADX (14) | 13.85 | 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)
54.2
+0.52 (+0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg0.96%
1 Week1.46%
2 Weeks-4.43%
1 Month8.08%
3 Month7.28%
6 Month-12.81%
12 Month-27.41%
2 Year-20.38%
3 Year-23.66%
5 Year-12.49%
10 Year134.48%
15 Year251.21%
Volatility
ATR(14)1.69
ATR(20)%3.1%
ATR Inc-37.03%
Range Today1.05
ADR(20)1.6
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
CRS16.25
Mansfield-2.07
10 Day High57.6
10 Day Low51.62
20 Day High57.6
20 Day Low50.04
52 Week High80.95
52 Week Low46.01
CS1 End53.97
CR1 Start55.48
Volume & EV
DER(3)1.26%
DER(5)2.09%
Volume2.23M
Volume Incr-16.44%
Vol(5)1.85M
Vol(50)2.08M