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     Wed. Oct. 28, 2020



Trading Signals: BIIB Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Wed. Oct. 28, 2020)

(Biogen Inc)

BIIB latest price $246.7350 (-3.39%) ($245.3400 - $253.2100) on Wed. Oct. 28, 2020.

Trend and Trading Plan

Trend Narrative  Growing Downtrend
Intraday Reversal Probability  There's a high probability the price will reverse sharply to upside intraday or next day..
Daily Trend  BIIB declines -1.7% a day on average for past five trading days.
Weekly Trend  BIIB declines -5.6% a week on average for past two weeks.
Market Behavior  Broad based sell-off for large cap. Broad based sell-off for small cap.
Correlated ETFs  Broad market will support BIIB decline at-1.7% a week (58% probability)
  IBB(60%)    XLV(60%)    XLP(58%)    VYM(56%)    IVE(55%)  
Factors Impacting BIIB price  BIIB will decline at least -0.4% in a week (29% probabilities).
  VXX(-41%)    VIXM(-33%)    UUP(-16%)    TLT(-16%)    GBTC(-16%)  
Explanation   The decline is sustainable and supported by the broad market.
Trading Plan  Not Available
 
Valuation to SPY   -1.9
 
Relative Volatility   3.1 (options are extremely expensive)
 
Hourly BBV   -2.1
Hourly Trend   -1.87% [$252.05(-5.21), $256.85(-4.59)]
Last Hour Trend   -0.17% [$247.08, $247.51]


BIIB Next 1 - 5 Day Price Forecast

Bullish Probability  10%
Bullish Price Move  2.1%
Bearish Probability  90%
Bearish Price Move  -2.1%
Recommended Position Size  -38%
Latest Price  $246.7350
Next Day Open Price  $245.9(-0.34%)
1 - 3 Day Target Price  $241.68(-2.05%)
1 - 5 Day Price Range  $236.64 - $251.78
Resistance Level  $275.19
5 Day Moving Average  $258.18(-4.43%)
10 Day Moving Average  $265.09(-6.92%)
20 Day Moving Average  $275.19(-10.34%)
To recent high  -19.3%
To recent low  0%
Market Cap  $39.058b
 
Option Sentiment  
 
 
Earning Release Date  Thu. Feb. 4, 2021
Analyst One Year Target Price  $290.26 ($200.00 - $357.00)
  27 analysts (last updated on Mon. Oct. 26, 2020)
% to Average Target Price  17.64%
% to Low Target Price  -18.94%
% to High Target Price  44.69%
 


  
 
 


Biogen, Inc. is a biopharmaceutical company, which engages in discovering, developing, and delivering therapies for neurological and neurodegenerative diseases. It offers TECFIDERA, AVONEX, PLEGRIDY, TYSABRI, ZINBRYTA, and FAMPYRA for the treatment of multiple sclerosis; SPINRAZA for the treatment of spinal muscular atrophy; and FUMADERM for the treatment of severe plaque psoriasis. The company was founded by Charles Weissmann, Heinz Schaller, Kenneth Murray, Walter Gilbert, and Phillip Allen Sharp in 1978 and is headquartered in Cambridge, MA.


$. Technical analysis works only if the market conditions in the future are not drastically different from the past. Always read market news to understand the causes of the price movement before making a trading decision. News

$. BIIB price fluctuates within 4.55% (three month std-dev: 2.07%    one year average std_dev: 0%) daily (68% of days).
$. BIIB price fluctuates within 0% weekly (one year average std_dev: %).

Analysis   News   Options   Weekly Chart   Daily Chart   Hourly Chart   15 Minute Chart

iDateTo High-Lowema20
Trend
ema10
Trend
ema5
Trend
Hourly
Trend
Last
Hour
EMA
Ratio
BBVHourly
BBV
RVVSIVVIXCDVolume
millions
CloseActualPriceRangeTrend-Narrative  NextDay
PriceTarget  
NextDayPriceRangeRSI
1Oct_28_2020-19.3%-0-2%,-0.4(-0.1)-5.6%,-1.2(-0.2)-1.7%,-0.4-1.2-0.17%-3.7%-2.3-2.1-1.92.2NAN%-1.91.01   246.74(-3.39%)245.34-253.21Growing Downtrend 241.68(-2.05%)236.64-251.7913
2Oct_27_2020-16.4%-0-1.4%,-0.4(-0.1)-4.6%,-1.2(-0.2)-0.9%,-0.2-1.2-0.22%-2.8%-2-1.9-1.91.9NAN%-0.61.08   255.38(-0.57%)254.9-258.7Growing Downtrend 252.03(-1.31%)248.49-259.3218
3Oct_26_2020-15.9%-0-1%,-0.3(-0.1)-3.9%,-1.2(-0.2)-0.9%,-0.3-0.9-0.09%-2%-2.3-1.9-2.11.6NAN%-0.21.24   256.85(-3.1%)255.83-264.18Growing Downtrend 254.77(-0.81%)252.07-260.7628
4Oct_23_2020-13.3%-0-0.6%,-0.2(-0.1)-3.3%,-1.1(-0.3)-1.1%,-0.4-0.3-0.02%-1.3%-1.8-0.8-2.21.4NAN%0.81.01   265.06(-0.68%)262.16-267.23Growing Downtrend 263.28(-0.67%)261.2-267.7630
5Oct_22_2020-12.7%-0.1-0.3%,-0.1(-0.1)-2.5%,-0.9(-0.2)-1%,-0.4-0.60.2%-0.7%-1.8-0.8-2.21.3NAN%0.61.28   266.88(-0.82%)262.5-269.19Growing Downtrend 265.84(-0.39%)264.29-269.4743
 
6Oct_21_2020-11.9%-0.9-0.1%,-0(-0.1)-1.9%,-0.7(-0.3)-1.4%,-0.5-1.80.37%-0%-1.6-0.9-2.11.2NAN%0.11.86   269.1(0.56%)260.3-271.04Relative Oversold 271.17(0.77%)265.9-275.537
7Oct_20_2020-12.4%-0.40.2%,0.1(-0.1)-1.1%,-0.4(-0.3)-1.7%,-0.7-2.4-0.29%0.5%-1.9-1.6-2.71.2NAN%0.21.15   267.6(-0.44%)266.09-271.98Correction 262.41(-1.94%)261.44-266.2338
8Oct_19_2020-12%-0.80.6%,0.2(-0.1)-0.2%,-0.1(-0.4)-1.6%,-0.6-2.1-0.42%0.9%-1.8-2.3-31.2NAN%1.21.21   268.79(-4.01%)268.21-280.05Correction 265.46(-1.24%)264.7-268.4541
9Oct_16_2020-8.4%-5% 0.9%,0.4(-0.1)0.7%,0.3(-0.2)-0.5%,-0.2-1.80.04%1.5%-0.2-1.7-2.21.2NAN%0.90.84   280.02(-0.18%)279.51-284.49Uptrend Consolidation 280.44(0.15%)280.36-280.6950
10Oct_15_2020-8.2%-5.2% 1.1%,0.5(-0.1)1.2%,0.5(-0.3)-0.4%,-0.2-1.20.07%1.5%-0.1-2-2.31.2NAN%0.70.85   280.53(-2.96%)280.1-286.38Uptrend Consolidation 281.01(0.17%)280.87-281.4560
 
11Oct_14_2020-5.4%-8.4% 1.4%,0.6(-0)1.9%,0.8(-0.1)0.2%,0.10.30.25%1.8%1.10.2-0.21.2NAN%0.90.98   289.08(-0.83%)286-292.99Uptrend Consolidation 287.09(-0.69%)285.86-290.7572
12Oct_13_2020-4.6%-9.3% 1.4%,0.6(0)2.2%,0.9(0)0.7%,0.30.9-0.03%1.9%1.71.101.2NAN%0.90.68   291.49(-0.01%)287.13-292.77Uptrend 292.74(0.43%)289.23-294.2771
13Oct_12_2020-4.6%-9.3% 1.4%,0.6(0)2.2%,1(-0.1)0.5%,0.20.60.03%1.8%1.92-0.51.1NAN%1.31.13   291.53(1.72%)285.57-293.34Uptrend 292.61(0.37%)289.12-294.170
14Oct_9_2020-6.2%-7.5% 1.3%,0.6(0.1)2.4%,1.1(0.2)0.7%,0.30.9-0.09%1.7%1.30.9-0.21NAN%1.10.95   286.6(-0.11%)285.17-289Growing Uptrend 288.23(0.57%)285.1-289.0171
15Oct_8_2020-6.1%-7.6% 1%,0.5(0.1)2%,0.9(0.1)0.1%,00.90.08%1.5%1.41.30.41.1NAN%1.10.5   286.91(0.37%)285.35-288.44Uptrend 287.91(0.35%)285.19-289.0962
 
16Oct_7_2020-6.5%-7.2% 0.7%,0.3(0.1)1.9%,0.9(0.1)0.2%,0.10.60.26%1.3%1.51.30.71NAN%0.70.65   285.84(1.67%)280.91-287.08Uptrend 286.55(0.25%)284.06-287.6260
17Oct_6_2020-8%-5.4% 0.6%,0.3(0.1)1.7%,0.8(0.1)-0.1%,-00.3-0.17%1.1%0.8-0.70.81NAN%0.30.76   281.14(-1.12%)279.39-285.9Uptrend 281.87(0.26%)280.29-282.5655
18Oct_5_2020-7%-6.6% 0.3%,0.1(0.1)1.6%,0.8(0.2)0.2%,0.1-0.9-0.01%1%1.50.60.71NAN%0.50.89   284.33(2.5%)277.36-285.93Growing Uptrend 284.9(0.2%)282.6-285.4855
19Oct_2_2020-9.2%-4.6% 0.1%,0.1(0.1)1.2%,0.6(0)0.3%,0.2-0.30.01%0.6%0.4-0.70.50.9NAN%0.70.98   277.4(-2.92%)276.06-285.47N/A 277.51(0.04%)276.21-278.5949
20Oct_1_2020-6.5%-7.9% 0%,0(0.1)1.2%,0.6(0.2)1.1%,0.60.30.11%0.5%21.21.50.9NAN%0.90.97   285.74(0.78%)280.59-286.19N/A 283.88(-0.65%)279.65-287.3768
 
21Sep_30_2020-7.2%-7.1% -0.2%,-0.1(0.1)0.9%,0.4(0.2)0.8%,0.41.5-0.13%0.1%1.61.11.60.9NAN%0.81.19   283.54(0.41%)280.79-284.85Uptrend Reversal 285.27(0.61%)283.81-286.2370
22Sep_29_2020-7.6%-8.5% -0.4%,-0.2(0)0.5%,0.3(0)0.7%,0.43.60.02%-0.1%1.51.220.9NAN%0.90.86   282.38(0.2%)280.23-285.45N/A 280.52(-0.66%)277.78-282.7659
23Sep_28_2020-7.8%-8.3% -0.5%,-0.2(0.1)0.5%,0.2(0.2)1%,0.51.50.01%-0.3%1.21.81.81NAN%0.91.78   281.83(3.19%)279.18-287.95Uptrend Reversal 283.63(0.64%)282.11-284.6463
24Sep_25_2020-10.6%-5.5% -0.7%,-0.3(-0)-0%,-0(0.1)-0.1%,-0-0.30.39%-0.5%-0.30.71.31NAN%1.10.74   273.1(1.1%)267.41-274.26N/A 273.37(0.1%)272.69-273.9147
25Sep_24_2020-11.6%-4.4% -0.6%,-0.3(-0)-0.2%,-0.1(0.2)-0.4%,-0.20.3-0.32%-0.7%-0.9-0.61.71NAN%1.20.76   270.13(-0.72%)267.38-272.08Rebound 272.62(0.92%)269.59-273.9244
iDateTo High-Lowema20
Trend
ema10
Trend
ema5
Trend
Hourly
Trend
Last
Hour
EMA
Ratio
BBVHourly
BBV
RVVSIVVIXCDVolume
millions
Close  5 Day
Target  
Trend
Narrative
  5 Day
Price Change  
SRIRSI
 
 
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