Technical Analysis for BIIB - Biogen Idec Inc.

Grade Last Price % Change Price Change
C 231.18 1.90% 4.30
BIIB closed up 0.68 percent on Tuesday, May 14, 2024, on approximately normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Up

Date Alert Name Type % Chg
Overbought Stochastic Strength 1.90%
Pocket Pivot Bullish Swing Setup 2.59%
NR7 Range Contraction 2.59%
NR7-2 Range Contraction 2.59%
Gapped Up Strength 2.59%
Overbought Stochastic Strength 2.59%
Spinning Top Other 4.37%
NR7 Range Contraction 4.37%
Overbought Stochastic Strength 4.37%
Overbought Stochastic Strength 3.78%

   Recent Intraday Alerts

Alert Time
Up 2% 40 minutes ago
Up 1% 40 minutes ago
Up 1 ATR 40 minutes ago
Rose Above Previous Day's High about 1 hour ago
Down 1% about 24 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 Psoriasis Multiple Sclerosis Neurodegenerative Diseases 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 319.76
52 Week Low 189.44
Average Volume 1,235,567
200-Day Moving Average 240.45
50-Day Moving Average 212.01
20-Day Moving Average 210.59
10-Day Moving Average 220.37
Average True Range 5.16
RSI (14) 68.15
ADX 30.77
+DI 29.04
-DI 12.90
Chandelier Exit (Long, 3 ATRs) 211.82
Chandelier Exit (Short, 3 ATRs) 204.92
Upper Bollinger Bands 234.55
Lower Bollinger Band 186.62
Percent B (%b) 0.84
BandWidth 22.76
MACD Line 4.56
MACD Signal Line 2.38
MACD Histogram 2.177
Fundamentals Value
Market Cap 32.87 Billion
Num Shares 145 Million
EPS 10.05
Price-to-Earnings (P/E) Ratio 22.58
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) 234.80
Resistance 3 (R3) 234.06 230.68 233.48
Resistance 2 (R2) 230.68 228.66 231.05 233.04
Resistance 1 (R1) 228.78 227.42 229.73 229.52 232.60
Pivot Point 225.40 225.40 225.88 225.77 225.40
Support 1 (S1) 223.50 223.38 224.45 224.24 221.16
Support 2 (S2) 220.12 222.14 220.49 220.72
Support 3 (S3) 218.22 220.12 220.28
Support 4 (S4) 218.96