Bio Rad Laboratories Stock Technical Analysis

BIO Stock  USD 345.87  3.69  1.06%   
As of the 29th of March, Bio Rad shows the Downside Deviation of 1.65, risk adjusted performance of 0.0489, and Mean Deviation of 1.2. Bio-Rad Laboratories technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to collect and analyze data for nineteen technical drivers for Bio Rad Laboratories, which can be compared to its rivals. Please confirm Bio-Rad Laboratories jensen alpha, as well as the relationship between the potential upside and skewness to decide if Bio-Rad Laboratories is priced correctly, providing market reflects its regular price of 345.87 per share. Given that Bio Rad has jensen alpha of (0.09), we suggest you to validate Bio Rad Laboratories's prevailing market performance to make sure the company can sustain itself at a future point.

Bio Rad Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Bio, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Bio
  
Bio Rad's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Bio Rad Analyst Consensus

Target PriceAdvice# of Analysts
523.6Strong Buy6Odds
Bio Rad Laboratories current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Bio analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Bio stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Bio-Rad Laboratories, talking to its executives and customers, or listening to Bio conference calls.
Bio Analyst Advice Details
Bio Rad technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Bio Rad technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Bio Rad trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Bio-Rad Laboratories Technical Analysis

Indicator
Time Period
Execute Indicator
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Bio-Rad Laboratories volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Bio-Rad Laboratories Trend Analysis

Use this graph to draw trend lines for Bio Rad Laboratories. You can use it to identify possible trend reversals for Bio Rad as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Bio Rad price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Bio Rad Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Bio Rad Laboratories applied against its price change over selected period. The best fit line has a slop of   0.52  , which may imply that Bio Rad Laboratories will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 10056.33, which is the sum of squared deviations for the predicted Bio Rad price change compared to its average price change.

About Bio Rad Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Bio Rad Laboratories on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Bio Rad Laboratories based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Bio-Rad Laboratories price pattern first instead of the macroeconomic environment surrounding Bio-Rad Laboratories. By analyzing Bio Rad's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Bio Rad's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Bio Rad specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Dividend Yield1.575.4410.6111.14
Price To Sales Ratio7.714.473.533.71

Bio Rad March 29, 2024 Technical Indicators

Most technical analysis of Bio help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Bio from various momentum indicators to cycle indicators. When you analyze Bio charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Bio Rad March 29, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Bio stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Bio-Rad Laboratories offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bio Rad's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bio Rad Laboratories Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bio Rad Laboratories Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bio Rad Laboratories. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

Complementary Tools for Bio Stock analysis

When running Bio Rad's price analysis, check to measure Bio Rad's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bio Rad is operating at the current time. Most of Bio Rad's value examination focuses on studying past and present price action to predict the probability of Bio Rad's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bio Rad's price. Additionally, you may evaluate how the addition of Bio Rad to your portfolios can decrease your overall portfolio volatility.
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Is Bio Rad's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bio Rad. If investors know Bio will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bio Rad listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.56)
Earnings Share
(21.81)
Revenue Per Share
91.453
Quarterly Revenue Growth
(0.07)
Return On Assets
0.0177
The market value of Bio-Rad Laboratories is measured differently than its book value, which is the value of Bio that is recorded on the company's balance sheet. Investors also form their own opinion of Bio Rad's value that differs from its market value or its book value, called intrinsic value, which is Bio Rad's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bio Rad's market value can be influenced by many factors that don't directly affect Bio Rad's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bio Rad's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bio Rad is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bio Rad's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.