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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TECH
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Stronger technical forecast for Bio-Techne Corp stock price after Thursday trading.
(Updated on Jun 20, 2024)

Hold candidate since Jun 20, 2024 PDF

The Bio-Techne Corp stock price fell by -0.0134% on the last day (Thursday, 20th Jun 2024) from $74.54 to $74.53. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.46% from a day low at $73.43 to a day high of $75.24. The price has fallen in 9 of the last 10 days and is down by -5.97% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -343 thousand shares and in total, 752 thousand shares were bought and sold for approximately $56.08 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $72.09 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.52% during the next 3 months and, with a 90% probability hold a price between $86.16 and $107.66 at the end of this 3-month period.

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TECH Signals & Forecast

There are few to no technical positive signals at the moment. The Bio-Techne Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $75.85 and $78.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -11.43%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Bio-Techne Corp stock

Bio-Techne Corp finds support from accumulated volume at $73.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.81 between high and low, or 2.46%. For the last week, the stock has had daily average volatility of 2.10%.

Our recommended stop-loss: $69.85 (-6.28%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 42 days ago.)

Trading Expectations (TECH) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Bio-Techne Corp to open at $74.40, and during the day (based on 14 day Average True Range), to move between $72.51 and $76.55, which gives a possible trading interval of +/-$2.02 (+/-2.71%) up or down from last closing price. If Bio-Techne Corp takes out the full calculated possible swing range there will be an estimated 5.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $75.60 (1.44%) than the support at $73.46 (1.44%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Bio-Techne Corp stock A Buy?

Bio-Techne Corp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.070 Hold/Accumulate Upgraded

Predicted Opening Price for Bio-Techne Corp of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
$74.40 ( 0.174%) $74.53

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TECH

Fibonacci Support & Resistance Levels

Level Price
R3 76.21 2.25%
R2 75.52 1.33%
R1 75.09 0.753%
Price 74.53
S1 73.71 -1.10%
S2 73.28 -1.68%
S3 72.59 -2.60%

Accumulated Volume Support & Resistance Levels

Level Price
R3 80.91 8.56%
R2 77.29 3.70%
R1 75.60 1.44%
Price 74.53
S1 73.46 -1.44%
S2 64.51 -13.44%
S3 64.01 -14.12%

TECH Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 10, 2024 May 10, 2024 May 24, 2024 $0.0800 0.0990%
2 Feb 09, 2024 Feb 09, 2024 Feb 26, 2024 $0.0800 0.111%
3 Oct 31, 2023 Nov 09, 2023 Nov 24, 2023 $0.0800 0.125%
4 Aug 17, 2023 Aug 17, 2023 Sep 01, 2023 $0.0800 0.102%
5 Aug 07, 2023 May 12, 2023 May 26, 2023 $0.0800 0.0958%

FAQ

What is the symbol for Bio-Techne Corp Stock and on which exchange is it traded?
The symbol for Bio-Techne Corp is TECH and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Bio-Techne Corp Stock?
Bio-Techne Corp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Bio-Techne Corp Stock?
Bio-Techne Corp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Bio-Techne Corp Stock.

What's the current price of Bio-Techne Corp Stock?
As of the end of day on the Jun 20, 2024, the price of an Bio-Techne Corp (TECH) share was $74.53.

What is the 52-week high and low for Bio-Techne Corp Stock?
The 52-week high for Bio-Techne Corp Stock is $89.91 and the 52-week low is $51.80.

What is the market capitalization of Bio-Techne Corp Stock?
As of the Jun 20, 2024, the market capitalization of Bio-Techne Corp is 11.746B.

When is the next earnings date for Bio-Techne Corp?
The upcoming earnings date for Bio-Techne Corp is Aug 13, 2024.
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