MERIDIAN BIOSCIENCE INC (VIVO) Stock Technical Analysis
USA - NASDAQ:VIVO - US5895841014 - Common Stock
Overall VIVO gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VIVO is showing a nice and steady performance.
VIVO has an excellent technical rating, but the quality of the setup is only medium 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.
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30.83
When analyzing the support we can see 3 important areas.
- A support zone ranging from 32.81 to 33.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.10 to 32.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 31.14 to 31.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 33.98 to 33.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for VIVO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VIVO is up. |
| ChartMill Relative Strength | 93.15 | POSITIVE | VIVO has a high relative strength, it outperformed 93.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VIVO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VIVO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VIVO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.24 | OVERBOUGHT | The high RSI value suggests VIVO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests VIVO has a negative trend. |
| Stochastics (14,3) | 94.87 | OVERBOUGHT | The high Stochastics value suggests VIVO may be overbought. |
| Average True Range in percent/ATR (20) | 0.39 | LOW VOLATILITY | The low ATR as a percentage value for VIVO suggests low volalility. |
| Average Directional Index/ADX (14) | 37.93 | POSITIVE | The high ADX value value for VIVO suggests a strong trend. |
33.97
0 (0%)
MERIDIAN BIOSCIENCE INC / VIVO FAQ
Can you provide the ChartMill technical rating for MERIDIAN BIOSCIENCE INC?
ChartMill assigns a technical rating of 10 / 10 to VIVO.
What is the trend direction for VIVO stock?
The current trend direction for MERIDIAN BIOSCIENCE INC (VIVO) is Bullish.
Can you provide the RSI signal for MERIDIAN BIOSCIENCE INC?
MERIDIAN BIOSCIENCE INC (VIVO) has an RSI value of 71.2356. This indicates that the stock is currently overbought.
Can you provide the MACD signal for MERIDIAN BIOSCIENCE INC?
The MACD indicator for MERIDIAN BIOSCIENCE INC (VIVO) has a value of -0.0112653, indicating a bearish trend.
Can you provide the support and resistance levels for MERIDIAN BIOSCIENCE INC?
MERIDIAN BIOSCIENCE INC (VIVO) has a support level at 33.82 and a resistance level at 33.98. Check the full technical report for our detailed analysis of VIVO support and resistance levels.