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Biotechnology Industry Stocks Technical Analysis - BIIBArchive
- 5/22/2026 -
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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 climbed 0.81 points, or 0.42%, and closed at 193.76 on Friday, May 22, 2026. Weekly volume was -31% below average.
BIIB is a member of Health Care Sector. Health Care is the most oversold 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 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 174.50 and resistance is at 237.44. 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 chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 187.28 and resistance is at 213.16. 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 medium-term trend.
 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, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See BIIB short-term trend chart]
A short-term downtrend had started on May 13, 2026 at 205.97 and reached 185.85 on May 21, 2026. BIIB lost 20.12 points, or 9.77%, in 8 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See BIIB daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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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 |
1 |
| Industry |
Biotechnology |
49 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
185.85 |
| Low Date |
05/21/2026 |
| High |
194.75 |
| High Date |
05/22/2026 |
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| Weekly Trend |
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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 |
205.97 |
| High Date |
05/13/2026 |
| Low |
185.85 |
| Low Date |
05/21/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
213.16 |
| Support |
187.28 |
| 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 |
237.44 |
| Support |
174.50 |
| 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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