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Stock Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

Biogen Inc. (NASDAQ:BIIB)

Bear Market Rally (-75) - BIIB is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BIIB as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid BIIB?

MarketClub looks at technical strength and momentum to determine if the timing is right for BIIB.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_BIIB
Open High Low BIIB Price Change
223.8500 223.8500 217.2100 218.6466 -6.5634
Entry Signal

MarketClub’s Trade Triangles for BIIB

long term down The long-term trend has been DOWN since Jul 25th, 2023 at 273.39

intermediate term up The intermediate-term trend has been UP since Apr 29th, 2024 at 210.83

short term down The short-term trend has been DOWN since May 21st, 2024 at 226.43

Smart Scan Analysis for BIIB

Based on our trend formula, BIIB is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for BIIB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
223.8500 223.8500 217.2100 218.6466 -6.5634
Prev. Close Volume Bid Ask Time
225.2100 533240 2024-05-23 13:39:01
Year High388.67Year High Date2018-07-25
Year Low249.17Year Low Date2018-04-24
52wk High319.7652wk High Date2023-06-12
52wk Low189.4452wk Low Date2024-04-19
Year End Close146.37Average Volume1,153,106
Shares Outstanding145,597Short Interest2,936,368
% Institutional93.4Market Cap43,522M
Assets265,676,000MLiabilities113,546,000M
P/E Ratio28.1161Beta1.18
Volatility30.24
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