BIO-TECHNE CORP (TECH) Stock Technical Analysis
USA - NASDAQ:TECH - US09073M1045 - Common Stock
55.63 USD
+3.4 (+6.51%)
55.13 USD
-0.5 (-0.9%)
Overall TECH gets a technical rating of 4 out of 10. TECH has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
82% 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 50.13 - 55.73 range, which is quite wide. It is currently trading near the high of this range.
TECH has an average volume of 2383850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
TECH is part of the Life Sciences Tools & Services industry. There are 56 other stocks in this industry, TECH did better than 49% of them.
TECH has an average technical rating and it also does not offer a high quality setup 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
48.81
71.00
We found 2 important support areas.
- A support zone ranging from 50.41 to 50.96. 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.
3 important resistance areas can be observed.
- Resistance @56.10 from a trend line in the daily time frame.
- A resistance zone ranging from 58.78 to 58.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @70.30 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 | NEUTRAL | NEUTRAL | The long term trend for TECH is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TECH is neutral. |
| ChartMill Relative Strength | 18.19 | NEGATIVE | TECH has a low relative strength, it was outperformed by 81.81% 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) | 59.55 | NEUTRAL | The RSI value for TECH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests TECH has a positive trend. |
| Stochastics (14,3) | 61.1 | NEUTRAL | The Stochastics value for TECH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for TECH suggests some volalility. |
| Average Directional Index/ADX (14) | 13.83 | 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)
55.63
+3.4 (+6.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg6.51%
1 Week5.12%
2 Weeks7.44%
1 Month4.14%
3 Month4.69%
6 Month7.56%
12 Month-25.61%
2 Year-18.28%
3 Year-21.65%
5 Year-10.18%
10 Year140.67%
15 Year260.47%
Volatility
ATR(14)1.88
ATR(20)%3.32%
ATR Inc38.04%
Range Today3.99
ADR(20)1.81
ADR(20)%3.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.19
Mansfield-1.8
10 Day High55.73
10 Day Low50.13
20 Day High55.73
20 Day Low50.13
52 Week High80.8
52 Week Low46.01
CS1 End50.96
CR1 Start56.1
Volume & EV
DER(3)3.09%
DER(5)1.32%
Volume3.64M
Volume Incr9%
Vol(5)2.62M
Vol(50)2.38M