Twist Bioscience stock extends rally to $70.15 with technicals pointing to new yearly highs

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Twist Bioscience jumps 3.37% today

Highlights

TWST continues a strong bullish trend, outperforming key moving averages and staying near its 52-week high.
Momentum and volatility indicators show overbought conditions but sustained buyer interest, supporting the current price advance.
Price is expected to consolidate within the $68–$71 range next week, with a high probability of a further upside extension and near-term support below $68.

Bullish trends persist as key moving averages provide layered support

At $70.15, TWST is well above the SMA-20 ($58.78), SMA-50 ($55.76), and SMA-200 ($40.28), reinforcing a clear bullish trend for the short, medium, and long term. The Ichimoku Kijun level at $59.53 is positioned as immediate support below the current price, adding to the near-term support cluster.

Buyer momentum prevails as overbought signals meet strong price rally

Momentum signals are broadly bullish, with the D1 MACD and ADX pointing to ongoing buyer strength, though the ADX value of 18.33 suggests the trend is moderate but not especially strong. RSI (68.49), Stoch RSI (96.82), and CCI (142.20) all indicate overbought conditions, while BBP remains well into buyer-dominated territory. The AO also backs the current upward move. In today's session, TWST has gained 3.37% on robust price action. Over the past week, TWST is trading at $70.15, up from a previous weekly close of $66.87—a rise of 4.91%. The price is now at the very top of the weekly range, with weekly volatility standing at 12.76%. This places the tone as a strong recovery and extension, very close to the 52-week high.

Upside favored as technical signals align near yearly highs

Looking ahead, the expected price range for the coming week is $68.23–$71.04, comfortably spanning between the recent weekly low and the 52-week high. Given all key W1 indicators (RSI, ADX, MACD, and MA-50) providing Buy signals, there is a very high probability (more than 80%) of an upside extension, with further downside move less likely. The baseline scenario is for TWST to consolidate or oscillate between $68 and $71. A bullish case would see a closing above $71, aiming for potential new yearly highs. Meanwhile, a bearish trigger would be a drop below $68, which could prompt a correction toward near-term support but remains less probable as price sits close to its highs for the year.

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Previously it was reported that Twist Bioscience participated in the Berlin Bio x AI Hackathon to showcase its capabilities and underscore the importance of collaboration in life sciences innovation. Investors should now monitor the prevailing scenario as the company's continued engagement in strategic initiatives may introduce new upside risks for its growth trajectory.

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