AMGEN INC (AMGN) Technical Analysis
NASDAQ:AMGN • US0311621009
Current stock price
AMGN Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to AMGN. In the last year, AMGN was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- AMGN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- AMGN has an average volume of 2824650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When compared to the yearly performance of all other stocks, AMGN outperforms 62% of them, which is more or less in line with the market.
- AMGN is part of the Biotechnology industry. There are 517 other stocks in this industry, AMGN did better than 49% of them.
- AMGN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AMGN is lagging the market slightly.
AMGN Weekly and Daily overview Charts
AMGN Setup Rating and Analysis
AMGN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 347.79, a Stop Loss order could be placed below this zone.
More info and screens
AMGN Support and Resistance Analysis
263.20
When analyzing the support we can see 4 important areas.
- A support zone ranging from 347.79 to 347.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @338.59 from a horizontal line in the daily time frame.
- Support @277.98 from a trend line in the weekly time frame.
- Support @265.86 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 349.29 to 363.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 384.32 to 388.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
AMGN Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AMGN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMGN is down. |
| ChartMill Relative Strength | 62.05 | NEUTRAL | AMGN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMGN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AMGN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMGN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.39 | NEUTRAL | The RSI value for AMGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.9 | NEGATIVE | The MACD value suggests AMGN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.4 | NEUTRAL | The Stochastics value for AMGN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for AMGN suggests some volalility. |
| Average Directional Index/ADX (14) | 19.6 | NEGATIVE | The low ADX value for AMGN suggests a weak or negative trend. |
AMGN Chart- and CandleStick Pattern Analysis
AMGN Technicals: Chart, Performance Metrics, Trend & Indicators
347.94
-5.34 (-1.51%)
AMGEN INC / AMGN TA FAQ
Can you provide the ChartMill technical rating for AMGEN INC?
ChartMill assigns a technical rating of 4 / 10 to AMGN.
What is the current trend direction of AMGEN INC (AMGN) stock?
The current trend direction for AMGEN INC (AMGN) is Bullish.
What is the RSI signal for AMGEN INC (AMGN) stock?
AMGEN INC (AMGN) has an RSI value of 39.394. This indicates that the stock is currently neutral.
What is the short term momentum for AMGEN INC (AMGN) stock?
The short term momentum for AMGEN INC (AMGN) is negative.
Can you provide the support and resistance levels for AMGEN INC?
AMGEN INC (AMGN) has a support level at 347.79 and a resistance level at 349.29. Check the full technical report for our detailed analysis of AMGN support and resistance levels.