BIOGEN INC. - Daily - Technical analysis published on 10/14/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 229.90 USD
My targets
217.94 USD (-3.57%)
156.06 USD (-30.95%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BIOGEN INC. as long as the price remains well below 229.90 USD. The sellers” bearish objective is set at 217.94 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 156.06 USD. In case of crossing, the next objective would be the support located at 82.79 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.9
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.
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 226.01 USD. On the day, this instrument gained +1.25% with the lowest point at 221.84 USD and the highest point at 226.38 USD. The deviation from the price is +1.88% for the low point and -0.16% for the high point.221.84
226.38
226.01
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BIOGEN INC.:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this BIOGEN INC. chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
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
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 82.79 | 156.06 | 217.94 | 226.01 | 229.90 | 240.07 | 257.36 |
| Change (%) | -63.37% | -30.95% | -3.57% | - | +1.72% | +6.22% | +13.87% |
| Change | -143.22 | -69.95 | -8.07 | - | +3.89 | +14.06 | +31.35 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Intermediate |
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 | 216.06 | 219.20 | 221.21 | 224.35 | 226.36 | 229.50 | 231.51 |
| Camarilla | 221.79 | 222.27 | 222.74 | 223.21 | 223.68 | 224.15 | 224.63 |
| Woodie | 215.49 | 218.92 | 220.64 | 224.07 | 225.79 | 229.22 | 230.94 |
| Fibonacci | 219.20 | 221.17 | 222.39 | 224.35 | 226.32 | 227.54 | 229.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 211.73 | 216.65 | 219.93 | 224.84 | 228.12 | 233.04 | 236.32 |
| Camarilla | 220.96 | 221.71 | 222.46 | 223.21 | 223.96 | 224.71 | 225.46 |
| Woodie | 210.92 | 216.24 | 219.11 | 224.43 | 227.31 | 232.63 | 235.50 |
| Fibonacci | 216.65 | 219.78 | 221.71 | 224.84 | 227.97 | 229.91 | 233.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 191.22 | 203.50 | 218.16 | 230.44 | 245.10 | 257.37 | 272.03 |
| Camarilla | 225.41 | 227.88 | 230.35 | 232.82 | 235.29 | 237.76 | 240.23 |
| Woodie | 192.42 | 204.10 | 219.35 | 231.03 | 246.29 | 257.97 | 273.23 |
| Fibonacci | 203.50 | 213.79 | 220.15 | 230.44 | 240.73 | 247.08 | 257.37 |
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): | 46.60 | |
| MACD (12,26,9): | -2.2000 | |
| Directional Movement: | -0.69 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 224.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 228.81 | |
| Elder Ray (13): | -1.81 | |
| Super Trend (3,10): | 238.34 | |
| Zig ZAG (10): | 226.07 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 21.17 | |
| TEMA (21): | 223.13 | |
| Williams %R (14): | -66.96 | |
| Chande Momentum Oscillator (20): | -4.10 | |
| Repulse (5,40,3): | 0.4700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 10.25 |
| MA7: | 223.83 | |
| MA20: | 229.58 | |
| MA50: | 229.63 | |
| MA100: | 231.24 | |
| MAexp7: | 224.40 | |
| MAexp20: | 227.14 | |
| MAexp50: | 229.73 | |
| MAexp100: | 235.78 | |
| Price / MA7: | +0.97% | |
| Price / MA20: | -1.56% | |
| Price / MA50: | -1.58% | |
| Price / MA100: | -2.26% | |
| Price / MAexp7: | +0.72% | |
| Price / MAexp20: | -0.50% | |
| Price / MAexp50: | -1.62% | |
| Price / MAexp100: | -4.14% |
News
The latest news and videos published on BIOGEN INC. at the time of the analysis were 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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