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Stock Trend Analysis Report
Prepared for you on Tuesday, October 8, 2024.
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.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for BIIB
The long-term trend has been DOWN since Aug 1st, 2024 at 209.750
The intermediate-term trend has been DOWN since Jul 26th, 2024 at 220.810
The short-term trend has been DOWN since Sep 23rd, 2024 at 196.805
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 182.730 | 183.550 | 181.310 | 182.385 | -0.955 |
| Prev. Close | Volume | Bid | Ask | Time |
| 183.340 | 962059 | 2024-10-08 15:59:33 |
| Year High | 388.67 | Year High Date | 2018-07-25 |
| Year Low | 249.17 | Year Low Date | 2018-04-24 |
| 52wk High | 268.75 | 52wk High Date | 2023-10-16 |
| 52wk Low | 182.475 | 52wk Low Date | 2024-10-07 |
| Year End Close | 146.37 | Average Volume | 1,266,106 |
| Shares Outstanding | 145,662 | Short Interest | 2,936,368 |
| % Institutional | 93.4 | Market Cap | 43,522M |
| Assets | 268,041,000M | Liabilities | 109,150,000M |
| P/E Ratio | 23.0907 | Beta | 1.18 |
| Volatility | 30.24 |