Technical Analysis for BIIB - Biogen Idec Inc.

Grade Last Price % Change Price Change
F 156.00 0.37% 0.57
BIIB closed up 0.37 percent on Wednesday, November 20, 2024, on 1.11 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Calm After Storm Range Contraction 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
New 52 Week Low Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish 0.37%
Calm After Storm Range Contraction 0.37%
NR7 Range Contraction 0.37%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 18 hours ago
60 Minute Opening Range Breakdown about 18 hours ago
Down 1% about 19 hours ago
Rose Above Lower Bollinger Band about 22 hours ago
Fell Below Previous Day's Low about 22 hours ago

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Profile

Biogen Idec Inc. Description

Biogen Idec Inc. discovers, develops, manufactures, and markets therapies for the treatment of neurodegenerative diseases, hemophilia, and autoimmune disorders in the United States and internationally. Its marketed products include AVONEX for the treatment of relapsing multiple sclerosis (MS); TYSABRI to treat relapsing MS; RITUXAN for treating relapsed or refractory, CD20-positive, and B-cell Non-Hodgkin's lymphoma (NHL); FUMADERM for the treatment of severe plaque psoriasis in adult patients; and FAMPYRA, an oral compound for the improvement of walking in adult patients with MS with walking disability. The company's products that completed Phase III clinical trials comprise TECFIDERA (BG-12) for MS; Peginterferon beta-1a to prolong the effects and reduce the dosing frequency of interferon beta-1a; and long-lasting Factor VIII and IX product candidates for the treatment of hemophilia. Its products under Phase III clinical trials consist of Daclizumab, a monoclonal antibody in relapsing MS; TYSABRI for secondary progressive MS; and GA101, a monoclonal antibody for chronic lymphocytic leukemia and NHL. The company's Phase II clinical trial products include Anti-LINGO for optic neuritis; STX-100 for idiopathic pulmonary fibrosis; and ANTI-TWAEK for lupus nephritis. The company's Phase I clinical trial products comprise Anti-LINGO for MS; BIIB037 for Alzheimer's disease; Neublastin for neuropathic pain; and Anti-CD40 Ligand for general lupus, as well as Phase 1b/2a clinical trial product includes ISIS-SMNRx for spinal muscular atrophy. It has collaboration agreements with Genentech, Inc.; Elan Pharma International, Ltd; Acorda Therapeutics, Inc.; Portola Pharmaceuticals, Inc.; and Swedish Orphan Biovitrum AB. The company was formerly known as IDEC Pharmaceuticals Corporation and changed its name to Biogen Idec Inc. in November 2003. Biogen Idec Inc. was founded in 1985 and is headquartered in Weston, Massachusetts.


Classification

Sector: Healthcare
Industry: Drug Manufacturers - Major
Keywords: S&P 500 Medicine Biotechnology Nasdaq 100 Immunology Pain Disability Alzheimer's Disease Monoclonal Antibodies Monoclonal Antibody Lymphoma Neurodegenerative Diseases Multiple Sclerosis Psoriasis Specialty Drugs Idiopathic Pulmonary Fibrosis Autoimmune Disorders Degenerative Disease Immune Disorders Pulmonary Fibrosis Lupus Progressive Chronic Lymphocytic Leukemia Lymphocytic Leukemia Clinical Trial Product Hemophilia Interferon Neuropathic Pain Immunosuppressants Spinal Muscular Atrophy Treatment Of Hemophilia Treatment Of Neurodegenerative Diseases Cd20 Lupus Nephritis Clinical Trial Products Nephritis Plaque Psoriasis Portola Pharmaceuticals Severe Plaque Psoriasis

Is BIIB a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 268.295
52 Week Low 153.63
Average Volume 1,400,588
200-Day Moving Average 208.80
50-Day Moving Average 183.39
20-Day Moving Average 171.76
10-Day Moving Average 164.73
Average True Range 4.55
RSI (14) 19.35
ADX 31.69
+DI 15.48
-DI 34.92
Chandelier Exit (Long, 3 ATRs) 173.93
Chandelier Exit (Short, 3 ATRs) 167.28
Upper Bollinger Bands 189.86
Lower Bollinger Band 153.66
Percent B (%b) 0.06
BandWidth 21.08
MACD Line -7.79
MACD Signal Line -6.34
MACD Histogram -1.4451
Fundamentals Value
Market Cap 22.6 Billion
Num Shares 145 Million
EPS 10.05
Price-to-Earnings (P/E) Ratio 15.52
Price-to-Sales 3.49
Price-to-Book 2.41
PEG Ratio 6.24
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 159.83
Resistance 3 (R3) 159.46 157.82 159.19
Resistance 2 (R2) 157.82 156.85 158.00 158.97
Resistance 1 (R1) 156.91 156.24 157.37 157.28 158.76
Pivot Point 155.27 155.27 155.50 155.45 155.27
Support 1 (S1) 154.36 154.30 154.82 154.73 153.24
Support 2 (S2) 152.72 153.69 152.90 153.03
Support 3 (S3) 151.81 152.72 152.81
Support 4 (S4) 152.18