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Bio-Techne Corp Stock Forecast NASDAQ:TECH

$479.69 (1.31%)

Volume: 138k

Closed: Nov 29, 2021

Hollow Logo Score: -2.312

Bio-Techne Corp Stock Forecast

$479.69 (1.31%)

Volume: 138k

Closed: Nov 29, 2021

Score Hollow Logo -2.312
Which way will TECH go? Request
Key Stats
P/E Ratio 106.78
Beta 1.29
Trailing Dividend Rate 0.27% ($1.28)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 33 and the stock is currently not being overbought or oversold

Bio-Techne Corp stock downgraded to Sell Candidate
(Updated on Nov 29, 2021)


Sell candidate since 2021-11-29

The Bio-Techne Corp stock price gained 1.31% on the last trading day (Monday, 29th Nov 2021), rising from $473.47 to $479.69. During the day the stock fluctuated 3.39% from a day low at $472.78 to a day high of $488.79. The price has been going up and down for this period, and there has been a -4.92% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 23 thousand more shares were traded than the day before. In total, 138 thousand shares were bought and sold for approximately $65.98 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.07% during the next 3 months and, with a 90% probability hold a price between $447.41 and $501.75 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, November 23, 2021, and so far it has risen 1.47%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $484.16 and $498.86. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Bio-Techne Corp finds support from accumulated volume at $478.01 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 $16.01 between high and low, or 3.39%. For the last week, the stock has had a daily average volatility of 3.47%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Bio-Techne Corp stock A Buy?

Bio-Techne Corp holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.312

Predicted Opening Price for Bio-Techne Corp of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$480.42 $479.69 (Undervalued)
Sell Candidate Downgraded

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Analyst Ratings

On Nov 03, 2021 "Robert W. Baird" gave "$522.00 - $548.00" rating for TECH. The price target was set to $503.50+0.0%.

Volatility and Risk
Daily Average Volatility: 3.47 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.47 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $528.82
Price: $479.69
Support: $478.01

TECH Insider Trading Show all Trades

INSIDER POWER

0.603

Last 100 transactions
Buy: 171 379 | Sell: 283 980 (Shares)
Date Action Amount Person Type
Nov 19, 2021 Sell 500 Kelderman Kim Stock Option (Right to Buy)
Nov 19, 2021 Sell 400 Kelderman Kim Common Stock
Nov 19, 2021 Sell 100 Kelderman Kim Common Stock
Nov 19, 2021 Buy 500 Kelderman Kim Common Stock
Nov 16, 2021 Sell 799 Eansor Norman David Stock Options (Right to Buy)
Show all Insider Trades
INSIDER POWER

0.603

Last 100 transactions
Buy: 171 379 | Sell: 283 980 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 496.43 3.49 %
490.31 2.21 %
486.54 1.43 %
Current price: 479.69
Support 474.30 -1.12 %
470.53 -1.91 %
464.41 -3.19 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 534.35 11.39 %
533.00 11.11 %
528.82 10.24 %
Current price 479.69
Support 478.01 -0.35%
476.97 -0.57%
472.72 -1.45%

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About Bio-Techne Corp

Bio-Techne Bio-Techne Corporation, together with its subsidiaries, develops, manufactures, and sells biotechnology reagents, instruments, and clinical diagnostic controls worldwide. The company operates through three segments: Biotechnology, Clinical Controls, and Protein Platforms. The Biotechnology segment provides proteins, such as cytokines, growth factors, and enzymes; polyclonal antibodies in goats, sheep, and rabbits, as well as monoclonal antibodies... Read more

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