BIO-TECHNE CORP (TECH) Stock Technical Analysis
NASDAQ:TECH - Nasdaq - US09073M1045 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to TECH. TECH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
88% of all other stocks performed better in the past year than TECH.
TECH is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so TECH is lagging the market.
In the last month TECH has a been trading in the 46.35 - 54.40 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 2234780 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 56 other stocks in this industry, TECH did better than 43% of them.
TECH has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 48.09, a Stop Loss order could be placed below this zone.
More info and screens
47.03
81.16
We found 1 important support area.
- A support zone ranging from 47.50 to 48.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- A resistance zone ranging from 49.80 to 50.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @52.34 from a trend line in the daily time frame.
- A resistance zone ranging from 53.59 to 54.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @73.86 from a trend line in the weekly time frame.
- A resistance zone ranging from 75.96 to 77.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @80.36 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.21
Mansfield-3.11
10 Day High54.4
10 Day Low46.35
20 Day High54.4
20 Day Low46.35
52 Week High83.62
52 Week Low46.01
Performance
1 Week-4.03%
2 Weeks3.79%
1 Month0.92%
3 Month-23.71%
6 Month-30.51%
12 Month-38.69%
2 Year-39.44%
3 Year-46.41%
5 Year-25.18%
10 Year95.67%
15 Year227.2%
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)
Technical Indicators
MACD(12,26,9)0.26
RSI(14)45.89
LBB46.63
UBB52.75
49.53
+0.25 (+0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg0.51%
1 Week-4.03%
2 Weeks3.79%
1 Month0.92%
3 Month-23.71%
6 Month-30.51%
12 Month-38.69%
2 Year-39.44%
3 Year-46.41%
5 Year-25.18%
10 Year95.67%
15 Year227.2%
Volatility
ATR(14)2.4
ATR(20)%4.66%
ATR Inc-44.13%
Range Today1.28
ADR(20)2.1
ADR(20)%4.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.21
Mansfield-3.11
10 Day High54.4
10 Day Low46.35
20 Day High54.4
20 Day Low46.35
52 Week High83.62
52 Week Low46.01
CS1 End48.09
CR1 Start49.8
Volume & EV
DER(3)1.27%
DER(5)0.84%
Volume1.85M
Volume Incr-8.34%
Vol(5)2.09M
Vol(50)2.23M