We assign a technical rating of 5 out of 10 to BIIB. In the last year, BIIB was one of the better performers, but we do observe some doubts in the very recent evolution.
- Looking at the yearly performance, BIIB did better than 78% of all other stocks.
- BIIB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BIIB is lagging the market slightly.
- BIIB has an average volume of 2060360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- BIIB is an average performer in the Biotechnology industry, it outperforms 63% of 525 stocks in the same industry.
- In the last month BIIB has a been trading in the 160.37 - 190.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BIIB has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 165.89, a Stop Loss order could be placed below this zone.
More info and screens
156.75
2 important support areas can be observed.
- A support zone ranging from 164.41 to 165.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @158.33 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 173.72 to 176.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 187.63 to 187.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BIIB is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BIIB is down. |
| ChartMill Relative Strength | 78.28 | POSITIVE | BIIB has a high relative strength, it outperformed 78.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BIIB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BIIB is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BIIB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.33 | NEUTRAL | The RSI value for BIIB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.22 | NEGATIVE | The MACD value suggests BIIB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.24 | NEUTRAL | The Stochastics value for BIIB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for BIIB suggests some volalility. |
| Average Directional Index/ADX (14) | 21.9 | NEUTRAL | The ADX value for BIIB suggests a possible start of a new trend. |
171.59
-2.21 (-1.27%)
BIOGEN INC / BIIB FAQ
Can you provide the ChartMill technical rating for BIOGEN INC?
ChartMill assigns a technical rating of 5 / 10 to BIIB.
What is the current trend direction of BIOGEN INC (BIIB) stock?
The current trend direction for BIOGEN INC (BIIB) is Bullish.
What is the RSI signal for BIOGEN INC (BIIB) stock?
BIOGEN INC (BIIB) has an RSI value of 46.3302. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BIOGEN INC?
The short term momentum for BIOGEN INC (BIIB) is negative.
Can you provide the buy/sell signal for BIOGEN INC?
The buy/sell signal for BIOGEN INC (BIIB) is hold as the short term and long term trends are mixed.