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Biotechnology Industry Stocks Technical Analysis - BIIBArchive
- 6/18/2026 -
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BIOGEN IDEC INC (BIIB) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the BIOGEN IDEC INC (BIIB). During the week, the BIIB dropped -3.47 points, or -1.73%, and closed at 196.58 on Thursday, June 18, 2026. It was the worst weekly loss since April 10, 2026. Weekly volume was -22% 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 186.89 and resistance is at 240.33. 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See BIIB weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.
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 8, 2026 at 192.18 and reached 203.45 on June 12, 2026. BIIB gained -11.27 points, or -5.86%, in 4 days. Price is near the Fibonacci 61.8% retracement level.
Daily Technical Indicators: [See BIIB daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 distance between the Bollinger Bands (6.27%) is close to one year low (6.53%). It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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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