|
|
|
|
Biotechnology Industry Stocks Technical Analysis - BIIBArchive
- 3/20/2026 -
Sign In to see current Signals. |
BIOGEN IDEC INC (BIIB) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the BIOGEN IDEC INC (BIIB). During the week, the BIIB gave back -0.09 points, or -0.05%, and closed at 181.46 on Friday, March 20, 2026. Weekly volume was -31% below average.
 Long-term trend: [See BIIB long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 110.00 and reached 202.41 on February 6, 2026. BIIB gained -92.41 points, or -84.01%, in 43 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 158.28 and resistance is at 215.64. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See BIIB medium-term trend chart]
A medium-term downtrend had started on February 6, 2026 at 202.41 and reached 180.47 on March 20, 2026. BIIB lost 21.94 points, or 10.84%, in 6 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 180.22 and resistance is at 184.62. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See BIIB weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 19, 2026 at 185.45 and reached 180.47 on March 20, 2026. BIIB lost 4.98 points, or 2.69%, in 1 days. The price is now at the 19.88% retracement level.
 Daily Technical Indicators: [See BIIB daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD 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 daily MACD line is below its signal line since February 24, 2026. This is an indication that the short-term trend is down.
| |
|
|
|
|
| Daily Oscillators |
|
|
| Weekly Oscillators |
|
|
| Trading
Signals |
|
|
|
| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Health Care |
5 |
| Industry |
Biotechnology |
78 |
|
| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
185.45 |
| High Date |
03/19/2026 |
| Low |
180.47 |
| Low Date |
03/20/2026 |
|
| Weekly Trend |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
|
| Resistance |
|
| Support |
|
| High |
185.45 |
| High Date |
03/19/2026 |
| Low |
180.47 |
| Low Date |
03/20/2026 |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Valid |
| Resistance |
184.62 |
| Support |
180.22 |
| High |
202.41 |
| High Date |
02/06/2026 |
| Low |
180.47 |
| Low Date |
03/20/2026 |
|
| Quarterly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
215.64 |
| Support |
158.28 |
| Low |
110.00 |
| Low Date |
04/09/2025 |
| High |
202.41 |
| High Date |
02/06/2026 |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
|
| Resistance |
|
| Support |
|
| High |
480.18 |
| High Date |
03/20/2015 |
| Low |
110.00 |
| Low Date |
04/09/2025 |
|
|