Bio-techne Corp. | TECH

Daily Technical Analysis of Bio-techne Corp.

Not too much action today, Bio-techne drifted down slightly. We'll see where it goes next.

Currently TECH isn't at a clear support/resistance line that seems tradable. TECH hasn't established a very clear directional momentum over the last few months. So it's not clear exactly where it's going. TECH might find some support at the 72.15 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Bio-techne By Price Target And Rating

The analysts are pretty neutral on Bio-Techne right now, so not much useful information here. The current Analysts Sentiment Score is -4.02. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Royal Bank of Canada announced a lowering of their price target to $75.00 from $85.00 on 2024-02-02. Stifel Nicolaus downgraded from Buy to Hold on 2024-02-02 and provided a price target of $65.00. UBS Group initiated a rating of Buy on 2023-12-07 and provided a price target of $80.00. KeyCorp provided a price target decease of -30.43% to $80.00 from $115.00 on 2023-11-01. On 2023-11-01 Citigroup lowered their price target by -20% to $80.00. William Blair initiated a rating of Outperform on 2023-08-28. On 2023-08-18 there was confirmation of the previous rating by Benchmark which was Buy and provided a price target of $120.00. Robert W. Baird provided a price target decease of -10% to $90.00 from $100.00 on 2023-08-09. Stephens reiterated a rating of Overweight on 2023-08-09 and they set their price target at $100.00. SVB Leerink dropped their price target by -12% to $110.00 on 2023-02-03.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Bio-Techne

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Bio-Techne

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.