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Downtrend ExhaustionArchive
- 4/10/2026 -
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BIOGEN IDEC INC (BIIB) Technical Analysis
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| Summary:
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| | It was the negative week for the BIOGEN IDEC INC (BIIB). During the week, the BIIB dropped -4.37 points, or -2.46%, and closed at 172.97 on Friday, April 10, 2026. BIIB was trading at average weekly trading volume.
BIIB is a member of Health Care Sector. Health Care is the second most oversold 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 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 161.19 and resistance is at 222.58. 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 168.64 on April 6, 2026. BIIB lost 33.77 points, or 16.68%, in 8 weeks. The price is now at the 12.82% retracement level.
 Weekly Technical Indicators: [See BIIB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 13, 2026. This is an indication that the medium-term trend is down. 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 26, 2026 at 192.28 and reached 168.64 on April 6, 2026. BIIB lost 23.64 points, or 12.29%, in 11 days. The price is now at the 18.32% retracement level.
Daily Technical Indicators: [See BIIB daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 30, 2026. This is an indication that the short-term trend is down.
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