BIOGEN INC. - Daily - Technical analysis published on 07/02/2019 (GMT)
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- Timeframe : Daily
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- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
44%
17%
39%
My opinion
Neutral between 235.46 USD and 257.36 USD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 257.36 USD. The first support is located at 235.46 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by BIOGEN INC..
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BIOGEN INC. price is 235.47 USD. On the day, this instrument lost -0.01% and was between 233.40 USD and 236.31 USD. This implies that the price is at +0.89% from its lowest and at -0.36% from its highest.233.40
236.31
235.47
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BIOGEN INC. in Daily shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a slightly bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 156.06 | 217.23 | 235.46 | 235.47 | 257.36 | 278.55 | 298.47 |
| Change (%) | -33.72% | -7.75% | -0.00% | - | +9.30% | +18.30% | +26.76% |
| Change | -79.41 | -18.24 | -0.01 | - | +21.89 | +43.08 | +63.00 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 228.63 | 231.04 | 232.46 | 234.87 | 236.29 | 238.70 | 240.12 |
| Camarilla | 232.82 | 233.17 | 233.52 | 233.87 | 234.22 | 234.57 | 234.92 |
| Woodie | 228.12 | 230.79 | 231.96 | 234.62 | 235.79 | 238.45 | 239.62 |
| Fibonacci | 231.99 | 233.47 | 234.39 | 234.87 | 236.34 | 237.24 | 238.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 217.88 | 225.67 | 229.77 | 237.56 | 241.66 | 249.45 | 253.55 |
| Camarilla | 230.60 | 231.69 | 232.78 | 233.87 | 234.96 | 236.05 | 237.14 |
| Woodie | 216.04 | 224.75 | 227.93 | 236.64 | 239.82 | 248.53 | 251.71 |
| Fibonacci | 225.67 | 230.21 | 233.02 | 237.56 | 242.10 | 244.91 | 249.45 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.47 | |
| MACD (12,26,9): | 1.9600 | |
| Directional Movement: | 9.50 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 235.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 233.46 | |
| Elder Ray (13): | 1.19 | |
| Super Trend (3,10): | 224.73 | |
| Zig ZAG (10): | 235.49 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 51.45 | |
| TEMA (21): | 239.20 | |
| Williams %R (14): | -53.62 | |
| Chande Momentum Oscillator (20): | 4.23 | |
| Repulse (5,40,3): | -1.5900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 8.36 |
| MA7: | 236.80 | |
| MA20: | 232.38 | |
| MA50: | 230.16 | |
| MA100: | 257.40 | |
| MAexp7: | 235.72 | |
| MAexp20: | 233.62 | |
| MAexp50: | 236.86 | |
| MAexp100: | 253.30 | |
| Price / MA7: | -0.56% | |
| Price / MA20: | +1.33% | |
| Price / MA50: | +2.31% | |
| Price / MA100: | -8.52% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | +0.79% | |
| Price / MAexp50: | -0.59% | |
| Price / MAexp100: | -7.04% |
News
The last news published on BIOGEN INC. at the time of the generation of this analysis was as follows:
- Investor Network: Biogen Inc. to Host Earnings Call
-
Red Flag Over Biogen's Expensive Drug For Rare Genetic Disease | Power Lunch | CNBC
- SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Biogen Inc. To Contact The Firm Before Imminent Lead Plaintiff Deadline
- BIIB INVESTOR ALERT: The Law Offices of Vincent Wong Reminds Shareholders of a Class Action Involving Biogen Inc. and a Lead Plaintiff Deadline of December 23, 2016
- Sangamo's Genome Editing Program for Hemoglobinopathies to Transfer to Biogen's Spin-Off Bioverativ
This member declared not having a position on this financial instrument or a related financial instrument.
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