Want to know the current price of Biogen and what’s next for BIIB shares? On this page, we share the latest Biogen news and advice on buying stocks. You can also view the latest Biogen stock forecast for 2021 and 2022 from our experts.
Should you buy or sell Biogen stock today? To what levels can the shares of this company rise in a year, two, three? How much will Biogen papers cost in 2021, 2022, 2023? We have been making currency rate forecasts for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account the technical, fundamental analysis of stocks, the news background, the general geopolitical situation in the world and other, smaller factors. The share forecasts indicate target levels for BIIB shares, both up and down.
Biogen stock Forecast for 2022 and 2023
Biogen quotes continue to move within the bearish correction and the bullish channel. The moving averages indicate a short-term bullish trend for BIIB stock. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of securities and a likely continuation of the fall in the near future. At the time of publication of the forecast, the value of the shares is 165.18 per share. As part of the forecast, we should expect an attempt to continue the development of the decline and a test of the support level near the area of 295.05. Further, the price bounces up and the continued rise in the value of securities. The potential target of such a movement in shares is the area above the level of 475.55 already in 2021, 2022, 2023.
An additional signal in favor of the growth of Biogen quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the option to raise the price of Biogen shares will be a fall and a breakdown of the level of 270.55. This will indicate a breakdown of the support area and the lower border of the channel, in which case we can consider the continuation of the decline in securities to the area at the level of 205.05. It is worth waiting for confirmation of the rise in shares with a breakdown of the resistance area and closing above the level of 365.55.
Biogen stock Forecast for 2022 and 2023 suggests the development of a decline and a test of the support area near the level of 295.05. Where should we expect a rebound and an attempt to continue the rise of shares in the area above the level of 475.55. In favor of the growth of securities, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the BIIB rise option will be a fall and a breakdown of the level of 270.55. This will indicate a breakdown of support and a continuation of the fall in value to the area below the level of 205.05.
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