NASDAQ:TECH • US09073M1045
We assign a technical rating of 0 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.
TECH has a poor technical rating and the quality of the setup is also not perfect 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.
48.81
We found 4 important support areas.
3 important resistance areas can be observed.
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 | DOWN | NEGATIVE | The short term trend for TECH is down. |
| ChartMill Relative Strength | 21.76 | NEGATIVE | TECH has a low relative strength, it was outperformed by 78.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TECH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TECH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TECH is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.6 | NEUTRAL | The RSI value for TECH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests TECH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.07 | NEUTRAL | The Stochastics value for TECH is a neutral value. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for TECH suggests some volalility. |
| Average Directional Index/ADX (14) | 30.47 | POSITIVE | The high ADX value value for TECH suggests a strong trend. |
56.99
-0.83 (-1.44%)
ChartMill assigns a technical rating of 0 / 10 to TECH.
The current trend direction for BIO-TECHNE CORP (TECH) is Bearish.
BIO-TECHNE CORP (TECH) has an RSI value of 38.5999. This indicates that the stock is currently neutral.
The short term momentum for BIO-TECHNE CORP (TECH) is negative.
The buy/sell signal for BIO-TECHNE CORP (TECH) is sell as both the short term and long term trends are negative.