Sign In to see current Signals.
BIOGEN IDEC INC
Move cursor over the icon to see details.
|It was a second consecutive positive week for the BIOGEN IDEC INC (BIIB). During the week, the BIIB gained 6.42 points, or 2.01%, and closed at 325.77 on Friday, December 08, 2017. Weekly volume was -36% below average. |
BIIB is a member of Healthcare Sector. Healthcare 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 downtrend had started on March 20, 2015 at 480.18 and reached 223.02 on June 27, 2016. BIIB lost 257.16 points, or 53.55%, in 66 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (256.51) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
Medium-term trend: [See BIIB medium-term trend chart]
A medium-term uptrend had started on June 27, 2016 at 223.02 and reached 348.84 on October 18, 2017. BIIB gained -125.82 points, or -56.42%, in 68 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 222.23 and resistance is at 349.87. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending 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 November 10, 2017. 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 October 24, 2017 at 301.81 and reached 327.55 on December 8, 2017. BIIB gained -25.74 points, or -8.53%, in 45 days. The chart has formed a Rising Wedge chart pattern.
Daily Technical Indicators: [See BIIB daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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.
The daily MACD line is above its signal line since November 24, 2017. This is an indication that the short-term trend is up.