AMGEN INC (AMGN) Stock Technical Analysis
NASDAQ:AMGN - Nasdaq - US0311621009 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to AMGN. Recently some decent action could be observed, but in the medium term time frame this is still negative. AMGN was also a bad performer in the overall market in the last year.
82% of all other stocks performed better in the past year than AMGN.
AMGN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month AMGN has a been trading in the 257.05 - 278.00 range, which is quite wide. It is currently trading near the high of this range.
AMGN has an average volume of 3983700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
AMGN is an average performer in the Biotechnology industry, it outperforms 61% of 572 stocks in the same industry.
Although the technical rating is bad, AMGN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 277.89. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 270.03, a Stop Loss order could be placed below this zone.
More info and screens
255.99
339.33
When analyzing the support we notice one important area.
- A support zone ranging from 258.58 to 270.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 277.89 to 280.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @308.34 from a trend line in the daily time frame.
- Resistance @319.04 from a horizontal line in the daily time frame.
- Resistance @335.97 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.51
Mansfield-1.67
10 Day High278
10 Day Low259.82
20 Day High278
20 Day Low257.05
52 Week High346.85
52 Week Low253.3
Performance
1 Week3.32%
2 Weeks6.04%
1 Month5.51%
3 Month-12.34%
6 Month-17.01%
12 Month-10.87%
2 Year10.1%
3 Year22.34%
5 Year28.62%
10 Year82.5%
15 Year375.17%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)2.6
RSI(14)60.57
LBB255.48
UBB279.02
AMGEN INC
NASDAQ:AMGN (1/23/2025, 8:42:53 PM)
After market: 277.88 0 (0%)277.88
+4.44 (+1.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.62%
1 Week3.32%
2 Weeks6.04%
1 Month5.51%
3 Month-12.34%
6 Month-17.01%
12 Month-10.87%
2 Year10.1%
3 Year22.34%
5 Year28.62%
10 Year82.5%
15 Year375.17%
Volatility
ATR(14)5.34
ATR(20)%1.7%
ATR Inc-17.19%
Range Today5.68
ADR(20)4.52
ADR(20)%1.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.51
Mansfield-1.67
10 Day High278
10 Day Low259.82
20 Day High278
20 Day Low257.05
52 Week High346.85
52 Week Low253.3
CS1 End270.03
CR1 Start277.89
Volume & EV
DER(3)-0.86%
DER(5)-0.36%
Volume2.50M
Volume Incr-12.65%
Vol(5)3.17M
Vol(50)3.98M