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Downtrend Broken Resist.Archive
- 7/11/2025 -
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BIOGEN IDEC INC (BIIB) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second positive week after 3 consecutive negative weeks for the BIOGEN IDEC INC (BIIB). During the week, the BIIB gained 1.34 points, or 1.01%, and closed at 134.21 on Friday, July 11, 2025. Weekly volume was -14% 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 91.40 and resistance is at 154.66. 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 downtrend resistance line (76.95) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance 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 May 9, 2025. The distance between MACD and the signal line is near its high and getting bigger. 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 137.84 on July 9, 2025. BIIB gained -27.84 points, or -25.31%, in 91 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 126.64 and resistance is at 145.78. 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 short-term trend.
Daily Technical Indicators: [See BIIB daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since July 1, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
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