AMGEN INC (AMGN) Stock Technical Analysis
NASDAQ:AMGN - Nasdaq - US0311621009 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to AMGN. In the last year, AMGN was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
71% of all other stocks performed better in the past year than AMGN.
In the last month AMGN has a been trading in the 291.25 - 311.28 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
AMGN has an average volume of 2450280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AMGN is part of the Biotechnology industry. There are 553 other stocks in this industry, AMGN did better than 61% 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 has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 294.53, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
255.99
340.76
When analyzing the support we can see 4 important areas.
- A support zone ranging from 291.17 to 294.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @283.38 from a trend line in the daily time frame.
- Support @267.28 from a horizontal line in the weekly time frame.
- A support zone ranging from 258.58 to 261.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @307.86 from a trend line in the daily time frame.
- Resistance @313.90 from a trend line in the weekly time frame.
- Resistance @325.28 from a horizontal line in the daily time frame.
- A resistance zone ranging from 334.85 to 337.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for AMGN is neutral. |
| ChartMill Relative Strength | 29.85 | NEGATIVE | AMGN has a low relative strength, it was outperformed by 70.15% off all stocks 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 | POSITIVE | The current price of AMGN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AMGN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.96 | NEUTRAL | The RSI value for AMGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.94 | NEGATIVE | The MACD value suggests AMGN has a negative trend. |
| Stochastics (14,3) | 30.21 | NEUTRAL | The Stochastics value for AMGN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for AMGN suggests some volalility. |
| Average Directional Index/ADX (14) | 16.21 | NEGATIVE | The low ADX value for AMGN suggests a weak or negative trend. |
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)
296.88
+1.78 (+0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.6%
1 Week-3.16%
2 Weeks0.72%
1 Month-0.46%
3 Month5.57%
6 Month4.02%
12 Month-11.11%
2 Year15.81%
3 Year23.55%
5 Year17.2%
10 Year95.6%
15 Year481.66%
Volatility
ATR(14)6.01
ATR(20)%2.13%
ATR Inc34.17%
Range Today5.93
ADR(20)6.23
ADR(20)%2.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.85
Mansfield-0.66
10 Day High311.28
10 Day Low292.59
20 Day High311.28
20 Day Low291.25
52 Week High339.17
52 Week Low253.3
CS1 End294.53
CR1 Start307.86
Volume & EV
DER(3)1.2%
DER(5)0.7%
Volume2.41M
Volume Incr-4.72%
Vol(5)1.91M
Vol(50)2.45M