IDP Technical Analysis - BIOGEN INC

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to IDP. In the last year, IDP was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

68% of all other stocks performed better in the past year than IDP.

Warning: IDP has an average volume of 391 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month IDP has a been trading in the 115.65 - 135.35 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

IDP is part of the Biotechnology industry. There are 73 other stocks in this industry, IDP did better than 61% of them.

IDP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IDP is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

IDP has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

102.47

136.70

We found 3 important support areas.

A support zone ranging from 115.71 to 119.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @107.31 from a trend line in the daily time frame.
Support @103.50 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for IDP.DE is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for IDP.DE is up.
ChartMill Relative Strength	32.22	NEUTRAL	IDP.DE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of IDP.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of IDP.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of IDP.DE is above a declining SMA(200).
Relative Strength Index/RSI (14)	73.78	OVERBOUGHT	The high RSI value suggests IDP.DE may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.25	POSITIVE	The MACD value suggests IDP.DE has a positive trend.
Stochastics (14,3)	96.48	OVERBOUGHT	The high Stochastics value suggests IDP.DE may be overbought.
Average True Range in percent/ATR (20)	2.37	MEDIUM VOLATILITY	The ATR as a percentage value for IDP.DE suggests some volalility.
Average Directional Index/ADX (14)	18.07	NEGATIVE	The low ADX value for IDP.DE suggests a weak or negative trend.