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Downtrend ExhaustionArchive
- 6/27/2025 -
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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 gave back -0.96 points, or -0.76%, and closed at 126.08 on Friday, June 27, 2025. Weekly volume was -26% below 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 110.00 on April 9, 2025. BIIB lost 209.76 points, or 65.60%, in 95 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 94.23 and resistance is at 157.49. 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 downtrend had started on July 11, 2024 at 237.98 and reached 110.00 on April 9, 2025. BIIB lost 127.98 points, or 53.78%, in 38 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 81.57 and resistance is at 131.53. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern 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 May 9, 2025. The distance between MACD and the signal line is relatively high, but getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See BIIB short-term trend chart]
A short-term uptrend had started on April 9, 2025 at 110.00 and reached 136.84 on June 10, 2025. BIIB gained -26.84 points, or -24.4%, in 62 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 124.18 and resistance is at 141.95. 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 short-term trend.
Daily Technical Indicators: [See BIIB daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
The daily MACD line is below its signal line since June 13, 2025. The distance between MACD and the signal line is low and getting smaller.
Price is close to the 50 Day Moving Average. 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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