Taking everything into account, BIIB scores 8 out of 10 in our technical rating. 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.
BIIB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 180.07. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
135.94
When analyzing the support we can see 4 important areas.
- Support @169.90 from a horizontal line in the daily time frame.
- Support @152.25 from a trend line in the daily time frame.
- Support @140.42 from a trend line in the weekly time frame.
- Support @137.31 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 180.07 to 182.10. 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 | NEUTRAL | NEUTRAL | The short term trend for BIIB is neutral. |
| ChartMill Relative Strength | 84.45 | POSITIVE | BIIB has a high relative strength, it outperformed 84.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BIIB is below 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) | 54.83 | NEUTRAL | The RSI value for BIIB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.7 | NEGATIVE | The MACD value suggests BIIB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.2 | NEUTRAL | The Stochastics value for BIIB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for BIIB suggests some volalility. |
| Average Directional Index/ADX (14) | 21.65 | NEUTRAL | The ADX value for BIIB suggests a possible start of a new 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 |
|---|---|---|---|
| 182.11 | 169.89 | 12.22 (6.71%) | 14.90% |
| An entry @182.11. This is a Buy Stop order right above the resistance zone. | An exit @169.89. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 12.22 points, which is 6.71%. | When investing 14.90% 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.
174.8
+4.89 (+2.88%)
BIOGEN INC / BIIB FAQ
Can you provide the ChartMill technical rating for BIOGEN INC?
ChartMill assigns a technical rating of 8 / 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 54.8323. This indicates that the stock is currently neutral.
What is the MACD signal for BIIB stock?
The MACD indicator for BIOGEN INC (BIIB) has a value of -1.70458, indicating a bearish trend.