|
|
Biotechnology Industry Stocks Technical Analysis - BIIBArchive
- 3/21/2025 -
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 a first positive week for the BIOGEN IDEC INC (BIIB). During the week, the BIIB gained 1.50 points, or 1.08%, and closed at 140.90 on Friday, March 21, 2025. Weekly volume was 32% above average.
 Long-term trend: [See BIIB long-term trend chart]
A long-term downtrend had started on June 12, 2023 at 319.76 and reached 128.50 on February 12, 2025. BIIB lost 191.26 points, or 59.81%, in 87 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 120.85 and resistance is at 183.95. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
 Medium-term trend: [See BIIB medium-term trend chart]
A medium-term uptrend had started on February 12, 2025 at 128.50 and reached 157.10 on March 10, 2025. BIIB gained -28.60 points, or -22.26%, in 3 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (140.11) 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 medium-term trend.
 Weekly Technical Indicators: [See BIIB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since February 21, 2025. This is an indication that the medium-term trend is up. 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 10, 2025 at 157.10 and reached 138.60 on March 14, 2025. BIIB lost 18.50 points, or 11.78%, in 4 days. The price is now at the 12.43% 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. 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 March 18, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.
| |
|
|