The Greedy Trader Weekly Analysis
Sign In Oct 19, 2018
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Number of records: 15
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
BIOGEN IDEC INC
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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved below its signal line
Daily :
Move cursor over the icon to see details.

It was the negative week for the BIOGEN IDEC INC (BIIB). During the week, the BIIB dropped -11.14 points, or -3.26%, and closed at 330.94 on Friday, October 12, 2018. Weekly volume was -30% below average.

BIIB is a member of Healthcare Sector. Healthcare 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 June 27, 2016 at 223.02 and reached 388.67 on July 25, 2018. BIIB gained -165.65 points, or -74.28%, in 108 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 270.76 and resistance is at 376.31. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See BIIB medium-term trend chart]
A medium-term downtrend had started on July 25, 2018 at 388.67 and reached 324.46 on October 11, 2018. BIIB lost 64.21 points, or 16.52%, in 11 weeks. The price is now at the 10.09% retracement level.

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

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 October 1, 2018 at 358.41 and reached 324.46 on October 11, 2018. BIIB lost 33.95 points, or 9.47%, in 10 days. The price is now at the 19.09% retracement level.

Daily Technical Indicators: [See BIIB daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since October 4, 2018. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.67
Williams' Percentage Range (W%R) 78.90
Lane's Stochastic (%D-Slow) 20.91
Greed/Fear Indicator (GFI) 26.89
Moving Average Converg./Diverg. (MACD) -0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.01
Williams' Percentage Range (W%R) 50.90
Lane's Stochastic (%D-Slow) 32.99
Greed/Fear Indicator (GFI) 42.27
Moving Average Converg./Diverg. (MACD) 11.87
Trading Signals
Description Value Chart
Yearly Trendline Resistance 376.31
Upper Bollinger Band 356.56
Parabolic System 346.92
50 Day Moving Average 343.69
20 Day Moving Average 343.15
Weekly Stochastic Crossing 337.20
Price 330.94
Daily Stochastic Crossing 329.88
Lower Bollinger Band 327.19
Yearly Trendline Support 270.76
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Biotechnology 108
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 353.81
High Date 10/03/2018
Low 324.46
Low Date 10/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 358.41
High Date 10/01/2018
Low 324.46
Low Date 10/11/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 388.67
High Date 07/25/2018
Low 324.46
Low Date 10/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 249.17
Low Date 04/24/2018
High 388.67
High Date 07/25/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 376.31
Support 270.76
Low 223.02
Low Date 06/27/2016
High 388.67
High Date 07/25/2018
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.

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