BIO-RAD LABORATORIES-A (BIO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BIO - US0905722072 - Common Stock
Taking everything into account, BIO scores 4 out of 10 in our technical rating. BIO has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Although the technical rating is only medium, BIO does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 307.85, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BIO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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261.57
We found 4 important support areas.
- A support zone ranging from 304.61 to 307.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @279.21 from a trend line in the daily time frame.
- A support zone ranging from 270.10 to 271.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @264.21 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 310.31 to 315.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @327.28 from a horizontal line in the daily time frame.
- A resistance zone ranging from 335.03 to 339.76. 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 BIO is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BIO is down. |
| ChartMill Relative Strength | 46.99 | NEUTRAL | BIO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BIO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BIO is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BIO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.55 | NEUTRAL | The RSI value for BIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.54 | NEGATIVE | The MACD value suggests BIO has a negative trend. |
| Stochastics (14,3) | 19.89 | OVERSOLD | The low Stochastics value suggests BIO may be oversold. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for BIO suggests some volalility. |
| Average Directional Index/ADX (14) | 12.06 | NEGATIVE | The low ADX value for BIO suggests a weak or negative trend. |
307.92
-0.21 (-0.07%)
BIO-RAD LABORATORIES-A / BIO FAQ
What is the technical rating for BIO stock?
ChartMill assigns a technical rating of 4 / 10 to BIO.
What is the current trend direction of BIO-RAD LABORATORIES-A (BIO) stock?
The current trend direction for BIO-RAD LABORATORIES-A (BIO) is Bullish.
What is the RSI signal for BIO stock?
BIO-RAD LABORATORIES-A (BIO) has an RSI value of 44.5509. This indicates that the stock is currently neutral.
What is the MACD signal for BIO-RAD LABORATORIES-A (BIO) stock?
The MACD indicator for BIO-RAD LABORATORIES-A (BIO) has a value of -1.54297, indicating a bearish trend.
What are the support and resistance levels for BIO-RAD LABORATORIES-A (BIO) stock?
BIO-RAD LABORATORIES-A (BIO) has a support level at 307.85 and a resistance level at 310.31. Check the full technical report for our detailed analysis of BIO support and resistance levels.