BIOGEN INC (BIIB)

US09062X1037 - Common Stock

219.08  -4.27 (-1.91%)

After market: 219.08 0 (0%)

Technical Rating and Analysis

0

Overall BIIB gets a technical rating of 0 out of 10. BIIB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
81% of all other stocks performed better in the past year than BIIB.
BIIB is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month BIIB has a been trading in the 217.53 - 252.17 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
BIIB has an average volume of 1146110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BIIB is an average performer in the Biotechnology industry, it outperforms 41% of 599 stocks in the same industry.
Weekly and Daily overview Charts
BIIB Weekly chart
BIIB Daily chart
Setup Rating and Analysis

1

The technical rating of BIIB is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

Support and Resistance Analysis

216.88

270.68

When analyzing the support we notice one important area.

  • A support zone ranging from 219.07 to 219.07. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

  • A resistance zone ranging from 240.74 to 251.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 257.26 to 260.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Resistance @268.00 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.78
Mansfield-2.81
10 Day High246.44
10 Day Low217.53
20 Day High252.17
20 Day Low217.53
52 Week High319.76
52 Week Low217.53
Performance
1 Week-9.09%
2 Weeks-10.11%
1 Month-12.35%
3 Month-3.91%
6 Month-16.11%
12 Month-21.3%
2 Year3.82%
3 Year-19.72%
5 Year-33.21%
10 Year-30.19%
15 Year416.6%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-2.69
RSI(14)27.97
LBB217.62
UBB257.96
BIIB Daily chart

BIOGEN INC

NASDAQ:BIIB (2/16/2024, 7:00:01 PM)

After market: 219.08 0 (0%)

219.08

-4.27 (-1.91%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.91%
1 Week-9.09%
2 Weeks-10.11%
1 Month-12.35%
3 Month-3.91%
6 Month-16.11%
12 Month-21.3%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)6.52
ATR(20)%2.71%
ATR Inc
Range Today4.22
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High246.44
10 Day Low217.53
20 Day High252.17
20 Day Low217.53
52 Week High319.76
52 Week Low217.53
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.77M
Volume Incr108.92%
Vol(5)1.93M
Vol(50)1.15M