Technical Analysis for BIIB - Biogen Idec Inc.

Grade Last Price % Change Price Change
C 231.77 -0.02% -0.05
BIIB closed down 0.02 percent on Monday, July 1, 2024, on 71 percent of normal volume. Its advance stalled at its 200 day moving average, an important long-term support / resistance line. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up

Date Alert Name Type % Chg
200 DMA Resistance Bearish 0.00%
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Cup with Handle Other 0.00%
Doji - Bearish? Reversal 0.00%
Upper Bollinger Band Touch Strength 0.00%
200 DMA Resistance Bearish -0.02%
20 DMA Support Bullish -0.02%
Cup with Handle Other -0.02%
Up 3 Days in a Row Strength -0.02%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 6 hours ago
200 DMA Resistance about 10 hours ago
Upper Bollinger Band Resistance about 10 hours ago
Rose Above Upper Bollinger Band about 10 hours ago
Up 2% about 10 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 Monoclonal Antibodies Monoclonal Antibody Alzheimer's Disease Lymphoma Neurodegenerative Diseases Psoriasis Multiple Sclerosis Specialty Drugs Idiopathic Pulmonary Fibrosis Pulmonary Fibrosis Autoimmune Disorders Degenerative Disease Immune Disorders Lupus Progressive Chronic Lymphocytic Leukemia Lymphocytic Leukemia Neuropathic Pain Clinical Trial Product Hemophilia Interferon 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 287.595
52 Week Low 189.44
Average Volume 1,158,597
200-Day Moving Average 234.14
50-Day Moving Average 221.91
20-Day Moving Average 228.61
10-Day Moving Average 226.63
Average True Range 5.99
RSI (14) 57.45
ADX 17.01
+DI 28.54
-DI 16.51
Chandelier Exit (Long, 3 ATRs) 219.48
Chandelier Exit (Short, 3 ATRs) 230.86
Upper Bollinger Bands 236.43
Lower Bollinger Band 220.79
Percent B (%b) 0.7
BandWidth 6.84
MACD Line 1.58
MACD Signal Line 1.58
MACD Histogram -0.0017
Fundamentals Value
Market Cap 33.58 Billion
Num Shares 145 Million
EPS 10.05
Price-to-Earnings (P/E) Ratio 23.06
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) 241.02
Resistance 3 (R3) 241.67 239.24 239.48
Resistance 2 (R2) 239.24 236.88 238.91 238.96
Resistance 1 (R1) 235.51 235.43 237.37 234.85 238.45
Pivot Point 233.08 233.08 234.01 232.75 233.08
Support 1 (S1) 229.34 230.72 231.21 228.69 225.09
Support 2 (S2) 226.91 229.27 226.58 224.58
Support 3 (S3) 223.18 226.91 224.06
Support 4 (S4) 222.52