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Archive
- 4/4/2025 -
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BIOGEN IDEC INC (BIIB) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the BIOGEN IDEC INC (BIIB). During the week, the BIIB dropped -15.40 points, or -11.13%, and closed at 123.00 on Friday, April 4, 2025. Weekly volume was 57% above average.
BIIB is a member of Health Care Sector. Health Care is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See BIIB long-term trend chart]
A long-term downtrend had started on June 12, 2023 at 319.76 and reached 122.80 on April 4, 2025. BIIB lost 196.96 points, or 61.60%, in 94 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend support (119.62) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.
 Medium-term trend: [See BIIB medium-term trend chart]
A medium-term downtrend had started on July 11, 2024 at 237.98 and reached 122.80 on April 4, 2025. BIIB lost 115.18 points, or 48.40%, in 38 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See BIIB weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since February 21, 2025. Use the following link to access a MACD help.
Short-term trend: [See BIIB short-term trend chart]
A short-term downtrend had started on March 18, 2025 at 146.00 and reached 122.80 on April 4, 2025. BIIB lost 23.20 points, or 15.89%, in 17 days. Price is near the trend low.
 Daily Technical Indicators: [See BIIB daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since March 18, 2025. This is an indication that the short-term trend is down.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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