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Biotechnology Industry Stocks Technical Analysis - BIIBArchive
- 6/26/2026 -
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BIOGEN IDEC INC (BIIB) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the BIOGEN IDEC INC (BIIB). During the week, the BIIB gained 19.45 points, or 9.89%, and closed at 216.03 on Friday, June 26, 2026. It was the best weekly gain since February 6, 2026. BIIB was trading at average weekly trading volume.
BIIB is a member of Health Care Sector. Health Care is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See BIIB long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 110.00 and reached 218.06 on June 26, 2026. BIIB gained -108.06 points, or -98.24%, in 63 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 188.34 and resistance is at 242.56. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See BIIB medium-term trend chart]
A medium-term uptrend had started on April 6, 2026 at 168.64 and reached 218.06 on June 26, 2026. BIIB gained -49.42 points, or -29.31%, in 11 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See BIIB weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
Short-term trend: [See BIIB short-term trend chart]
A short-term uptrend had started on June 8, 2026 at 192.18 and reached 218.06 on June 26, 2026. BIIB gained -25.88 points, or -13.47%, in 18 days. The price is now at the 7.84% retracement level.
Daily Technical Indicators: [See BIIB daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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