Stock Price Prediction

Based on the provided data and technical analysis, here's the price prediction for TECH (Bio-Techne) for the next trading week:

Technical Analysis

• RSI(14) at 45.14 indicates neutral momentum, suggesting room for movement in either direction
• MACD at -0.27 shows slightly bearish short-term momentum
• Current price is trading above both 20-day SMA ($74.99) and 60-day SMA ($74.02), indicating an overall bullish trend

Recent News Impact

• Scotiabank raised price target to $90 from $88 with Outperform rating, citing strong Q2 results and early pickup in biopharma demand
• RBC Capital maintains Hold rating with $79 price target
• Insider sentiment is negative with CEO selling 13,392 shares recently

Fibonacci Levels for Next Week

• Resistance levels: R1: $77.82, R2: $79.81, R3: $83.02
• Support levels: S1: $71.41, S2: $69.42, S3: $66.22
• Pivot: $74.62

Price Prediction Based on technical indicators and analyst targets:

• Most likely scenario (60% probability): Price will trade between $74.62-$77.82
• Bullish scenario (25% probability): Break above $77.82 could push price toward $79.81
• Bearish scenario (15% probability): Drop below $74.62 could test $71.41

Trading Recommendation HOLD position currently. Consider buying if price pulls back to $71.41 support level, with stop loss at $69.42. For existing positions, take partial profits if price reaches $77.82.