BIOGEN INC (BIIB) Stock Technical Analysis
NASDAQ:BIIB - Nasdaq - US09062X1037 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to BIIB. BIIB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, BIIB is a bad performer in the overall market: 83% of all stocks are doing better.
BIIB is currently trading near the lower end of its 52 week range, which is not a good sign. BIIB is lagging the S&P500 Index which is trading in the middle of its 52 week range.
BIIB is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
BIIB has an average volume of 1820570 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 568 other stocks in this industry, BIIB did better than 55% of them.
BIIB has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 116.86, a Stop Loss order could be placed below this zone.
More info and screens
112.25
189.12
When analyzing the support we notice one important area.
- A support zone ranging from 113.38 to 116.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 5 important resistance areas.
- Resistance @130.01 from a trend line in the daily time frame.
- A resistance zone ranging from 133.02 to 135.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @148.76 from a horizontal line in the daily time frame.
- Resistance @153.27 from a horizontal line in the daily time frame.
- Resistance @187.25 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
CRS17.46
Mansfield-2.88
10 Day High121.07
10 Day Low110.04
20 Day High144.07
20 Day Low110.04
52 Week High238
52 Week Low110.04
Performance
1 Week-0.31%
2 Weeks-0.25%
1 Month-16.04%
3 Month-18.68%
6 Month-34.56%
12 Month-43.09%
2 Year-60.92%
3 Year-42.69%
5 Year-59.95%
10 Year-65.48%
15 Year142.21%
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)-0.05
RSI(14)39.93
LBB108.81
UBB130.16
118.89
+2.4 (+2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.06%
1 Week-0.31%
2 Weeks-0.25%
1 Month-16.04%
3 Month-18.68%
6 Month-34.56%
12 Month-43.09%
2 Year-60.92%
3 Year-42.69%
5 Year-59.95%
10 Year-65.48%
15 Year142.21%
Volatility
ATR(14)5.6
ATR(20)%4.32%
ATR Inc-45.04%
Range Today2.31
ADR(20)4.94
ADR(20)%4.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.46
Mansfield-2.88
10 Day High121.07
10 Day Low110.04
20 Day High144.07
20 Day Low110.04
52 Week High238
52 Week Low110.04
CS1 End116.86
CR1 Start130.01
Volume & EV
DER(3)-0.22%
DER(5)-0.91%
Volume1.08M
Volume Incr-33.13%
Vol(5)1.28M
Vol(50)1.82M