BIOGEN INC (BIIB) Stock Technical Analysis
NASDAQ:BIIB - Nasdaq - US09062X1037 - Common Stock - Currency: USD
Taking everything into account, BIIB scores 0 out of 10 in our technical rating. BIIB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
88% of all other stocks performed better in the past year than BIIB.
BIIB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
BIIB has an average volume of 1504090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BIIB is part of the Biotechnology industry. There are 572 other stocks in this industry, BIIB did better than 48% of them.
In the last month BIIB has a been trading in the 128.51 - 149.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, BIIB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 141.03. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for BIIB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
139.23
198.55
4 important resistance areas can be observed.
- A resistance zone ranging from 141.03 to 141.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 152.22 to 153.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @182.95 from a trend line in the weekly time frame.
- Resistance @196.58 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.62
Mansfield-3.24
10 Day High143.69
10 Day Low128.51
20 Day High149.67
20 Day Low128.51
52 Week High238
52 Week Low128.51
Performance
1 Week1.58%
2 Weeks-1.22%
1 Month-2.11%
3 Month-10.93%
6 Month-31.4%
12 Month-37.02%
2 Year-47.88%
3 Year-33.35%
5 Year-54.4%
10 Year-62.72%
15 Year177.56%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.11
RSI(14)47.08
LBB133.41
UBB146.05
140.64
+3.56 (+2.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.6%
1 Week1.58%
2 Weeks-1.22%
1 Month-2.11%
3 Month-10.93%
6 Month-31.4%
12 Month-37.02%
2 Year-47.88%
3 Year-33.35%
5 Year-54.4%
10 Year-62.72%
15 Year177.56%
Volatility
ATR(14)4.3
ATR(20)%2.94%
ATR Inc-20.74%
Range Today3.94
ADR(20)3.91
ADR(20)%2.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.62
Mansfield-3.24
10 Day High143.69
10 Day Low128.51
20 Day High149.67
20 Day Low128.51
52 Week High238
52 Week Low128.51
CS1 EndN/A
CR1 Start141.03
Volume & EV
DER(3)5.7%
DER(5)3.09%
Volume1.81M
Volume Incr14.82%
Vol(5)1.69M
Vol(50)1.50M