BIOGEN INC (BIIB) Technical Analysis
NASDAQ:BIIB • US09062X1037
Current stock price
177.34 USD
-6.44 (-3.5%)
At close:
177.34 USD
0 (0%)
After Hours:
BIIB Technical Rating and Analysis
Taking everything into account, BIIB scores 4 out of 10 in our technical rating. Although BIIB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Looking at the yearly performance, BIIB did better than 77% of all other stocks. On top of that, BIIB also shows a nice and consistent pattern of rising prices.
- BIIB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BIIB is performing more or less in line with the market.
- BIIB has an average volume of 1204450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- BIIB is part of the Biotechnology industry. There are 517 other stocks in this industry, BIIB did better than 57% of them.
- In the last month BIIB has a been trading in the 171.37 - 192.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BIIB Weekly and Daily overview Charts
BIIB Setup Rating and Analysis
BIIB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
BIIB Support and Resistance Analysis
162.77
203.20
We found 2 important support areas.
- Support @177.33 from a horizontal line in the weekly time frame.
- Support @164.41 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 181.74 to 186.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 189.53 to 190.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 198.26 to 201.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
BIIB Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for BIIB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BIIB is down. |
| ChartMill Relative Strength | 77.01 | POSITIVE | BIIB has a high relative strength, it outperformed 77.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BIIB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BIIB is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BIIB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.61 | NEUTRAL | The RSI value for BIIB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.57 | NEGATIVE | The MACD value suggests BIIB has a negative trend. |
| Stochastics (14,3) | 48.39 | NEUTRAL | The Stochastics value for BIIB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for BIIB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.34 | NEGATIVE | The low ADX value for BIIB suggests a weak or negative trend. |
BIIB Chart- and CandleStick Pattern Analysis
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)
BIIB Technicals: Chart, Performance Metrics, Trend & Indicators
177.34
-6.44 (-3.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.5%
1 Week-7.18%
2 Weeks-3.31%
1 Month-5.71%
3 Month-0.27%
6 Month10.92%
12 Month44.2%
2 Year-17.45%
3 Year-41.71%
5 Year-33.66%
10 Year-29.99%
15 Year97.16%
Volatility
ATR(14)5.58
ATR(20)%3.17%
ATR Inc6.94%
Range Today5.84
ADR(20)4.96
ADR(20)%2.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.01
3 months CRS59.15
6 months CRS81.48
Mansfield1.42
10 Day High192.28
10 Day Low171.37
20 Day High192.99
20 Day Low171.37
52 Week High202.41
52 Week Low110.04
CS1 End177.33
CR1 Start181.74
Volume & EV
DER(3)-1%
DER(5)-0.64%
Volume1.34M
Volume Incr52.41%
Vol(5)1.44M
Vol(50)1.20M
BIOGEN INC / BIIB TA FAQ
Can you provide the ChartMill technical rating for BIOGEN INC?
ChartMill assigns a technical rating of 4 / 10 to BIIB.
What is the current trend direction of BIOGEN INC (BIIB) stock?
The current trend direction for BIOGEN INC (BIIB) is Bearish.
Can you provide the RSI signal for BIOGEN INC?
BIOGEN INC (BIIB) has an RSI value of 40.6085. This indicates that the stock is currently neutral.
What is the MACD signal for BIOGEN INC (BIIB) stock?
The MACD indicator for BIOGEN INC (BIIB) has a value of -0.570304, indicating a bearish trend.
Can you provide the short term momentum for BIOGEN INC?
The short term momentum for BIOGEN INC (BIIB) is negative.