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BIOGEN INC.
BIOGEN INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: BIIB
ISIN:

BIOGEN INC. - Daily - Technical analysis published on 08/29/2020 (GMT)

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Londinia
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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
22%
28%
50%
My opinion
Bearish under 298.59 USD
My targets
268.90 USD (-4.46%)
258.09 USD (-8.30%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 298.59 USD remains possible. It is advisable to trade BIOGEN INC. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 298.59 USD. The next bearish objective for sellers is set at 268.90 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 258.09 USD. In case of crossing, the next objective would be the support located at 216.86 USD. PS: if there is a bullish break in the resistance located at 298.59 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

hsokkar
This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

BIOGEN INC. rating 281.46 USD. The price registered an increase of +0.79% on the session and was traded between 278.89 USD and 281.77 USD over the period. The price is currently at +0.92% from its lowest and -0.11% from its highest.

278.89
281.77
281.46

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this BIOGEN INC. chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 9 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : Daily


Near support of triangle

Type : Bullish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 258.09 268.90 278.55 281.46 298.59 330.11 343.23
Change (%) -8.30% -4.46% -1.03% - +6.09% +17.28% +21.95%
Change -23.37 -12.56 -2.91 - +17.13 +48.65 +61.77
Level Major Major Major - Major Intermediate Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard273.60275.99277.62280.01281.64284.03285.66
Camarilla278.15278.52278.89279.26279.63280.00280.37
Woodie273.23275.80277.25279.82281.27283.84285.29
Fibonacci275.99277.52278.47280.01281.54282.49284.03


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard249.19261.92269.49282.22289.79302.52310.09
Camarilla271.49273.35275.21277.07278.93280.79282.65
Woodie246.62260.63266.92280.93287.22301.23307.52
Fibonacci261.92269.67274.46282.22289.97294.76302.52


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard226.26244.06259.38277.18292.50310.30325.62
Camarilla265.58268.62271.65274.69277.73280.76283.80
Woodie225.01243.44258.13276.56291.25309.68324.37
Fibonacci244.06256.72264.53277.18289.84297.65310.30

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 49.37
MACD (12,26,9): -0.6000
Directional Movement: 3.63
AROON (14): -64.29
DEMA (21): 281.70
Parabolic SAR (0,02-0,02-0,2): 304.50
Elder Ray (13): -1.19
Super Trend (3,10): 298.36
Zig ZAG (10): 281.46
VORTEX (21): 0.8700
Stochastique (14,3,5): 17.05
TEMA (21): 280.90
Williams %R (14): -74.61
Chande Momentum Oscillator (20): -11.76
Repulse (5,40,3): 0.5400
ROCnROLL: -1
TRIX (15,9): 0.0400
Courbe Coppock: 5.35
MA7: 278.58
MA20: 284.16
MA50: 277.91
MA100: 292.07
MAexp7: 280.38
MAexp20: 281.93
MAexp50: 283.25
MAexp100: 286.95
Price / MA7: +1.03%
Price / MA20: -0.95%
Price / MA50: +1.28%
Price / MA100: -3.63%
Price / MAexp7: +0.39%
Price / MAexp20: -0.17%
Price / MAexp50: -0.63%
Price / MAexp100: -1.91%

Quotes : 2020-08-28 19:59:59 - 15 min delayed data - NASDAQ Stocks

News


Don"t forget to follow the news on BIOGEN INC.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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