BIOGEN IDEC INC (BIIB)
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|It was a first positive week for the BIOGEN IDEC INC (BIIB). During the week, the BIIB climbed 0.78 points, or 0.24%, and closed at 325.40 on Friday, July 23, 2021. Weekly volume was -15% below average. |
BIIB is a member of Health Care Sector. Health Care is the 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 September 4, 2019 at 215.78 and reached 468.55 on June 7, 2021. BIIB gained -252.77 points, or -117.14%, in 91 weeks. The price is now at the 56.63% retracement level.
Medium-term trend: [See BIIB medium-term trend chart]
A medium-term uptrend had started on November 9, 2020 at 223.25 and reached 468.55 on June 7, 2021. BIIB gained -245.30 points, or -109.88%, in 30 weeks. The price is now at the 58.36% retracement level.
Weekly Technical Indicators: [See BIIB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since January 8, 2021. This is an indication that the medium-term trend is up. 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 June 7, 2021 at 468.55 and reached 317.26 on July 20, 2021. BIIB lost 151.29 points, or 32.29%, in 43 days. The price is now at the 5.38% retracement level.
Daily Technical Indicators: [See BIIB daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since June 21, 2021. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.