Overall BIIB gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BIIB is showing a nice and steady performance.
Although BIIB has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
136.94
4 important support areas can be observed.
- Support @164.67 from a horizontal line in the daily time frame.
- A support zone ranging from 154.12 to 156.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @147.28 from a trend line in the daily time frame.
- Support @138.32 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 176.83 to 176.83. 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 | UP | POSITIVE | The short term trend for BIIB is up. |
| ChartMill Relative Strength | 87.78 | POSITIVE | BIIB has a high relative strength, it outperformed 87.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BIIB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BIIB is above 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) | 76.74 | OVERBOUGHT | The high RSI value suggests BIIB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.51 | POSITIVE | The MACD value suggests BIIB has a positive trend. |
| Stochastics (14,3) | 87.47 | OVERBOUGHT | The high Stochastics value suggests BIIB may be overbought. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for BIIB suggests some volalility. |
| Average Directional Index/ADX (14) | 29.53 | POSITIVE | The high ADX value value for BIIB suggests a strong trend. |
176.82
+1.52 (+0.87%)
BIOGEN INC / BIIB FAQ
Can you provide the ChartMill technical rating for BIOGEN INC?
ChartMill assigns a technical rating of 9 / 10 to BIIB.
What is the trend direction for 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 76.7441. This indicates that the stock is currently overbought.
What is the MACD signal for BIIB stock?
The MACD indicator for BIOGEN INC (BIIB) has a value of 1.50684, indicating a bullish trend.
What is the buy/sell signal for BIIB stock?
The buy/sell signal for BIOGEN INC (BIIB) is buy as both the short term and long term trends are positive.