BIOGEN INC (BIIB) Stock Technical Analysis
NASDAQ:BIIB • US09062X1037
We assign a technical rating of 9 out of 10 to BIIB. Both in the recent history as in the last year, BIIB has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that BIIB is one of the better performing stocks in the market, outperforming 79% of all 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 1881030 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 68% of 521 stocks in the same industry.
- In the last month BIIB has a been trading in the 170.04 - 202.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
BIIB has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 201.19. Right above this resistance zone may be a good entry point.
More info and screens
162.77
We found 2 important support areas.
- A support zone ranging from 172.00 to 172.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 164.41 to 164.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 201.19 to 201.19. 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 | 79.27 | POSITIVE | BIIB has a high relative strength, it outperformed 79.27% 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) | 58.11 | NEUTRAL | The RSI value for BIIB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests BIIB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.24 | NEUTRAL | The Stochastics value for BIIB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for BIIB suggests some volalility. |
| Average Directional Index/ADX (14) | 26.78 | POSITIVE | The high ADX value value for BIIB suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 201.20 | 184.59 | 16.61 (8.26%) | 12.11% |
| An entry @201.20. This is a Buy Stop order right above the resistance zone. | An exit @184.59. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 16.61 points, which is 8.26%. | When investing 12.11% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
192.03
-0.05 (-0.03%)
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 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 58.1142. 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 positive.
Can you provide the buy/sell signal for BIOGEN INC?
The buy/sell signal for BIOGEN INC (BIIB) is buy as both the short term and long term trends are positive.