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Biotechnology Industry Stocks Technical Analysis - BIIBArchive
- 6/5/2026 -
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BIOGEN IDEC INC (BIIB) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
Move cursor over the icon to see details.
| | It was the negative week for the BIOGEN IDEC INC (BIIB). During the week, the BIIB gave back -0.66 points, or -0.34%, and closed at 195.34 on Friday, June 5, 2026. It was the worst weekly loss since April 10, 2026. Weekly volume was -42% below average.
 Long-term trend: [See BIIB long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 110.00 and reached 205.97 on May 13, 2026. BIIB gained -95.97 points, or -87.25%, in 57 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 184.29 and resistance is at 236.31. 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 205.97 on May 13, 2026. BIIB gained -37.33 points, or -22.14%, in 5 weeks. The price is now at the 28.48% retracement level.
 Weekly Technical Indicators: [See BIIB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 13, 2026. The distance between MACD and the signal line is low and getting smaller. 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 2, 2026 at 184.90 and reached 200.66 on June 5, 2026. BIIB gained -15.76 points, or -8.52%, in 3 days. The price is now at the 33.76% 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 below its signal line. Such crossover is considered a bearish signal.
 Candlestick pattern: [See BIIB candlestick chart pattern]
On Friday the chart has formed a Bearish Two Crows Candlestick pattern. The reliability of the Bearish Two Crows pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Two Crows Candlestick pattern during the last week.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Health Care |
6 |
| Industry |
Biotechnology |
61 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
184.90 |
| Low Date |
06/02/2026 |
| High |
200.66 |
| High Date |
06/05/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
184.90 |
| Low Date |
06/02/2026 |
| High |
200.66 |
| High Date |
06/05/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
168.64 |
| Low Date |
04/06/2026 |
| High |
205.97 |
| High Date |
05/13/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
236.31 |
| Support |
184.29 |
| Low |
110.00 |
| Low Date |
04/09/2025 |
| High |
205.97 |
| High Date |
05/13/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
480.18 |
| High Date |
03/20/2015 |
| Low |
110.00 |
| Low Date |
04/09/2025 |
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