The Greedy Trader Weekly Analysis
Sign In Jul 11, 2025
Skip Navigation Links
Share
Number of records: 0
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 7/3/2025 -
Sign In to see current Signals.

BIOGEN IDEC INC (BIIB) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Trend resistance at 130.10
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week after 3 consecutive negative weeks for the BIOGEN IDEC INC (BIIB). During the week, the BIIB gained 6.79 points, or 5.39%, and closed at 132.87 on Thursday, July 3, 2025. It was the best weekly gain since May 16, 2025. Weekly volume was -7% below average.

Long-term trend: [See BIIB long-term trend chart]
A long-term downtrend had started on June 12, 2023 at 319.76 and reached 110.00 on April 9, 2025. BIIB lost 209.76 points, or 65.60%, in 95 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 92.98 and resistance is at 156.23. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See BIIB medium-term trend chart]
A medium-term downtrend had started on July 11, 2024 at 237.98 and reached 110.00 on April 9, 2025. BIIB lost 127.98 points, or 53.78%, in 38 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (130.10). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See BIIB weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since May 9, 2025. The distance between MACD and the signal line is relatively high and getting bigger. 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 April 9, 2025 at 110.00 and reached 136.84 on June 10, 2025. BIIB gained -26.84 points, or -24.4%, in 62 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 125.32 and resistance is at 143.65. 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 short-term trend.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.30
Williams' Percentage Range (W%R) 24.60
Lane's Stochastic (%D-Slow) 59.14
Greed/Fear Indicator (GFI) 61.95
Moving Average Converg./Diverg. (MACD) 0.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.79
Williams' Percentage Range (W%R) 50.10
Lane's Stochastic (%D-Slow) 69.58
Greed/Fear Indicator (GFI) 58.34
Moving Average Converg./Diverg. (MACD) -11.77
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 156.23
Weekly Trendline Resistance 143.65
Upper Bollinger Band 135.49
Price 132.87
Daily Stochastic Crossing 130.99
Weekly Stochastic Crossing 130.24
Monthly Trendline Resistance 130.10
20 Day Moving Average 129.67
50 Day Moving Average 126.33
Weekly Trendline Support 125.32
Parabolic System 123.55
Lower Bollinger Band 122.38
Sector and Industry
Description Name Rank
Sector Health Care 3
Industry Biotechnology 40
Daily Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
High 136.84
High Date 06/10/2025
Low 123.21
Low Date 06/23/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 143.65
Support 125.32
Low 110.00
Low Date 04/09/2025
High 136.84
High Date 06/10/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 130.10
Support 79.52
High 237.98
High Date 07/11/2024
Low 110.00
Low Date 04/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 156.23
Support 92.98
High 319.76
High Date 06/12/2023
Low 110.00
Low Date 04/09/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 480.18
High Date 03/20/2015
Low 110.00
Low Date 04/09/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.