We assign a technical rating of 10 out of 10 to BIIB. 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
141.10
When analyzing the support we can see 4 important areas.
- A support zone ranging from 174.09 to 179.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 169.90 to 170.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @155.57 from a trend line in the daily time frame.
- Support @142.53 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 186.01 to 186.92. 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 | 84.86 | POSITIVE | BIIB has a high relative strength, it outperformed 84.86% 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) | 66.66 | NEUTRAL | The RSI value for BIIB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.69 | POSITIVE | The MACD value suggests BIIB has a positive trend. |
| Stochastics (14,3) | 95.83 | OVERBOUGHT | The high Stochastics value suggests BIIB may be overbought. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for BIIB suggests some volalility. |
| Average Directional Index/ADX (14) | 19.23 | NEGATIVE | The low ADX value for BIIB suggests a weak or negative trend. |
186
-0.91 (-0.49%)
BIOGEN INC / BIIB FAQ
Can you provide the ChartMill technical rating for BIOGEN INC?
ChartMill assigns a technical rating of 10 / 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 66.6643. 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.