The Greedy Trader Weekly Analysis
Sign In Jul 13, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 15
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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
Archive
- 7/6/2018
Sign In to see current Signals.
BIOGEN IDEC INC
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtStochastic signal line moved below overbought areaLane's Stochastic bearish divergenceBroken trend resistance line
Daily :Broken trend resistance lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
Move cursor over the icon to see details.

It was a first positive week for the BIOGEN IDEC INC (BIIB). During the week, the BIIB gained 67.24 points, or 23.17%, and closed at 357.48 on Friday, July 06, 2018. Weekly volume was 162% above 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 370.57 on January 26, 2018. BIIB gained -147.55 points, or -66.16%, in 82 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 271.46 and resistance is at 379.62. 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 January 26, 2018 at 370.57 and reached 249.17 on April 24, 2018. BIIB lost 121.40 points, or 32.76%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (294.90) 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 medium-term trend.

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. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 25, 2018. 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 24, 2018 at 249.17 and reached 367.88 on July 6, 2018. BIIB gained -118.71 points, or -47.64%, in 73 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (299.30) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 74.37
Williams' Percentage Range (W%R) 24.60
Lane's Stochastic (%D-Slow) 72.18
Greed/Fear Indicator (GFI) 73.98
Moving Average Converg./Diverg. (MACD) 2.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.01
Williams' Percentage Range (W%R) 17.50
Overbought
Lane's Stochastic (%D-Slow) 79.84
Bearish
Greed/Fear Indicator (GFI) 77.47
Moving Average Converg./Diverg. (MACD) -5.63
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 379.62
Price 357.48
Daily Stochastic Crossing 352.07
Weekly Stochastic Crossing 344.87
Upper Bollinger Band 329.15
Weekly Trendline Resistance 321.89
Monthly Trendline Resistance 300.86
20 Day Moving Average 300.09
Weekly Trendline Support 299.30
Monthly Trendline Support 294.90
50 Day Moving Average 289.46
Parabolic System 286.35
Lower Bollinger Band 270.68
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Biotechnology 118
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 283.24
Low Date 06/18/2018
High 367.88
High Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 321.89
Support 299.30
Low 249.17
Low Date 04/24/2018
High 367.88
High Date 07/06/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 300.86
Support 294.90
High 370.57
High Date 01/26/2018
Low 249.17
Low Date 04/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 379.62
Support 271.46
Low 223.02
Low Date 06/27/2016
High 370.57
High Date 01/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 480.18
High Date 03/20/2015
Low 223.02
Low Date 06/27/2016
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.

Copyright© 2004-2016 All rights reserved.