BIO-TECHNE CORP (TECH) Stock Technical Analysis
NASDAQ:TECH - Nasdaq - US09073M1045 - Common Stock - Currency: USD
We assign a technical rating of 2 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.
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.
79% of all other stocks performed better in the past year than TECH.
TECH is one of the lesser performing stocks in the Life Sciences Tools & Services industry. 64% of 54 stocks in the same industry do better.
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 2178290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month TECH has a been trading in the 47.66 - 60.05 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.
More info and screens
46.18
79.51
When analyzing the support we can see 4 important areas.
- A support zone ranging from 52.34 to 53.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @50.36 from a trend line in the daily time frame.
- Support @49.30 from a horizontal line 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.
5 important resistance areas can be observed.
- A resistance zone ranging from 53.77 to 54.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 55.97 to 56.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 @71.42 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 | 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 | 21.08 | NEGATIVE | TECH has a low relative strength, it was outperformed by 78.92% 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) | 49.98 | NEUTRAL | The RSI value for TECH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests TECH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.24 | NEUTRAL | The Stochastics value for TECH is a neutral value. |
| Average True Range in percent/ATR (20) | 4.15 | MEDIUM VOLATILITY | The ATR as a percentage value for TECH suggests some volalility. |
| Average Directional Index/ADX (14) | 15.23 | 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)
53.29
-0.31 (-0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg-0.58%
1 Week6.26%
2 Weeks-2.9%
1 Month6.01%
3 Month13.92%
6 Month-17.91%
12 Month-26.28%
2 Year-32.03%
3 Year-35.76%
5 Year-16.56%
10 Year125.61%
15 Year269.24%
Volatility
ATR(14)2.09
ATR(20)%4.15%
ATR Inc-52.45%
Range Today1.07
ADR(20)2.11
ADR(20)%3.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.08
Mansfield-2.31
10 Day High55.23
10 Day Low47.66
20 Day High60.06
20 Day Low47.66
52 Week High80.95
52 Week Low46.01
CS1 End53.17
CR1 Start53.77
Volume & EV
DER(3)-0.84%
DER(5)0.91%
Volume1.33M
Volume Incr-35.67%
Vol(5)1.59M
Vol(50)2.18M