BIOGEN INC (BIIB) Stock Technical Analysis
USA - NASDAQ:BIIB - US09062X1037 - Common Stock
142.5 USD
-1.31 (-0.91%)
142.2 USD
-0.3 (-0.21%)
Taking everything into account, BIIB scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, BIIB is a bad performer.
83% of all other stocks performed better in the past year than BIIB.
Both the short term and long term trends are positive. This is a very positive sign.
BIIB has an average volume of 1537760 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 49% of 538 stocks in the same industry.
BIIB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BIIB is lagging the market.
In the last month BIIB has a been trading in the 131.52 - 150.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, BIIB 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 support zone below the current price at 136.83, a Stop Loss order could be placed below this zone. 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
121.44
154.80
5 important support areas can be observed.
- A support zone ranging from 135.05 to 136.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @131.30 from a trend line in the weekly time frame.
- Support @128.56 from a trend line in the daily time frame.
- A support zone ranging from 124.76 to 124.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @122.67 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 143.94 to 144.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 148.76 to 148.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @153.27 from a horizontal line in the daily time frame.
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 | 17.92 | NEGATIVE | BIIB has a low relative strength, it was outperformed by 82.08% 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 | MIXED | The current price of BIIB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.14 | NEUTRAL | The RSI value for BIIB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests BIIB has a negative trend. |
| Stochastics (14,3) | 63.41 | NEUTRAL | The Stochastics value for BIIB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for BIIB suggests some volalility. |
| Average Directional Index/ADX (14) | 22.23 | NEUTRAL | The ADX value for BIIB suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 144.88 | 137.19 | 7.69 (5.31%) | 18.83% |
| An entry @144.88. This is a Buy Stop order right above the resistance zone. | An exit @137.19. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 7.69 points, which is 5.31%. | For a 1.00% total portfolio risk, you can invest 18.83% of your capital in this trade. |
- 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.
142.5
-1.31 (-0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.91%
1 Week-1.63%
2 Weeks1.3%
1 Month2.43%
3 Month12.17%
6 Month1.14%
12 Month-28.52%
2 Year-44.55%
3 Year-46.63%
5 Year-49.77%
10 Year-46.98%
15 Year175.67%
Volatility
ATR(14)4.75
ATR(20)%2.97%
ATR Inc-36.94%
Range Today2.94
ADR(20)4.14
ADR(20)%2.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.92
Mansfield-1.13
10 Day High150.28
10 Day Low137.2
20 Day High150.28
20 Day Low131.52
52 Week High199.99
52 Week Low110.04
CS1 End136.83
CR1 Start143.94
Volume & EV
DER(3)-1.95%
DER(5)-1.38%
Volume3.75M
Volume Incr32%
Vol(5)2.03M
Vol(50)1.54M