BIOGEN INC (BIIB) Stock Technical Analysis
NASDAQ:BIIB - Nasdaq - US09062X1037 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to BIIB. Recently some decent action could be observed, but in the medium term time frame this is still negative. BIIB was also a bad performer in the overall market in the last year.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, BIIB is a bad performer in the overall market: 89% of all stocks are doing better.
BIIB is one of the lesser performing stocks in the Biotechnology industry. 60% of 555 stocks in the same industry do better.
BIIB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
BIIB has an average volume of 1552180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month BIIB has a been trading in the 123.21 - 136.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of BIIB is bad and it also does not present a quality setup 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
112.25
136.86
We found 2 important support areas.
- A support zone ranging from 126.05 to 127.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 113.38 to 115.17. 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 133.20 to 135.50. 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 | DOWN | NEGATIVE | The long term trend for BIIB is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BIIB is neutral. |
| ChartMill Relative Strength | 11.03 | NEGATIVE | BIIB has a low relative strength, it was outperformed by 88.97% 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) | DOWN | NEGATIVE | The current price of BIIB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.4 | NEUTRAL | The RSI value for BIIB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BIIB has a positive trend. |
| Stochastics (14,3) | 51.97 | NEUTRAL | The Stochastics value for BIIB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for BIIB suggests some volalility. |
| Average Directional Index/ADX (14) | 16.76 | NEGATIVE | The low ADX value for BIIB suggests a weak or negative trend. |
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)
133.19
+3.12 (+2.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.4%
1 Week4.62%
2 Weeks5.24%
1 Month1.02%
3 Month8.3%
6 Month-12.5%
12 Month-40.97%
2 Year-50.71%
3 Year-38.07%
5 Year-51.51%
10 Year-54.64%
15 Year158.76%
Volatility
ATR(14)3.58
ATR(20)%2.54%
ATR Inc140.87%
Range Today4.78
ADR(20)3.3
ADR(20)%2.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.03
Mansfield-2.25
10 Day High134.75
10 Day Low123.21
20 Day High136.84
20 Day Low123.21
52 Week High238
52 Week Low110.04
CS1 End125.69
CR1 Start127.09
Volume & EV
DER(3)0.6%
DER(5)-0.75%
Volume1.47M
Volume Incr-14.11%
Vol(5)1.31M
Vol(50)1.55M