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Archive
- 5/29/2026 -
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BIOGEN IDEC INC (BIIB) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the BIOGEN IDEC INC (BIIB). During the week, the BIIB gained 2.24 points, or 1.16%, and closed at 196.00 on Friday, May 29, 2026. Weekly volume was -31% below average.
BIIB is a member of Health Care Sector. Health Care 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 uptrend had started on April 9, 2025 at 110.00 and reached 205.97 on May 13, 2026. BIIB gained -95.97 points, or -87.25%, in 57 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 175.46 and resistance is at 234.08. 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 long-term trend.
Medium-term trend: [See BIIB medium-term trend chart]
A medium-term uptrend had started on April 6, 2026 at 168.64 and reached 205.97 on May 13, 2026. BIIB gained -37.33 points, or -22.14%, in 5 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 189.36 and resistance is at 217.43. 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 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 March 13, 2026. 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 May 21, 2026 at 185.85 and reached 199.80 on May 27, 2026. BIIB gained -13.95 points, or -7.51%, in 6 days. The price is now at the 27.24% retracement level.
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 above oversold area. Such crossover is considered a bullish 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.
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.
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