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Stock Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

Biogen Inc. (NASDAQ:BIIB)

Long-Term Downtrend (-90) - BIIB is in a strong downtrend that is likely to continue. While BIIB is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

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Open High Low BIIB Price Change
255.85 256.86 251.08 252.86 -4.15
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 down The intermediate-term trend has been DOWN since Jun 21st, 2023 at 293.21

short term down The short-term trend has been DOWN since Oct 2nd, 2023 at 255.16

Smart Scan Analysis for BIIB

Based on our trend formula, BIIB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for BIIB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
255.85 256.86 251.08 252.86 -4.15
Prev. Close Volume Bid Ask Time
252.86 607355 2023-10-02 15:59:43
Year High388.67Year High Date2018-07-25
Year Low249.17Year Low Date2018-04-24
52wk High319.7652wk High Date2023-06-12
52wk Low250.3152wk Low Date2022-10-11
Year End Close146.37Average Volume808,290
Shares Outstanding144,823Short Interest2,936,368
% Institutional93.4Market Cap43,522M
P/E Ratio13.9831Beta1.18
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