Taking everything into account, AMGN scores 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, AMGN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 326.98, a Stop Loss order could be placed below this zone.
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264.61
When analyzing the support we can see 4 important areas.
- A support zone ranging from 313.84 to 326.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @295.30 from a horizontal line in the daily time frame.
- A support zone ranging from 272.44 to 277.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @267.28 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 329.48 to 329.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @337.38 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 345.47 to 345.47. 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 | 83.23 | POSITIVE | AMGN has a high relative strength, it outperformed 83.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AMGN is above 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) | UP | POSITIVE | The current price of AMGN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.16 | NEUTRAL | The RSI value for AMGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests AMGN has a negative trend. |
| Stochastics (14,3) | 68.95 | NEUTRAL | The Stochastics value for AMGN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for AMGN suggests low volalility. |
| Average Directional Index/ADX (14) | 15.9 | NEGATIVE | The low ADX value for AMGN suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 329.96 | 321.90 | 8.06 (2.44%) | 25.00% |
| An entry @329.96. This is a Buy Stop order right above the resistance zone. | An exit @321.90. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 8.06 points, which is 2.44%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.61%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
327.64
+0.33 (+0.1%)
AMGEN INC / AMGN FAQ
Can you provide the ChartMill technical rating for AMGEN INC?
ChartMill assigns a technical rating of 9 / 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 AMGN stock?
AMGEN INC (AMGN) has an RSI value of 50.1621. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AMGEN INC?
The MACD indicator for AMGEN INC (AMGN) has a value of -0.344688, indicating a bearish trend.
Can you provide the short term momentum for AMGEN INC?
The short term momentum for AMGEN INC (AMGN) is neutral.