AMGEN INC (AMGN) Stock Technical Analysis
NASDAQ:AMGN - Nasdaq - US0311621009 - Common Stock - Currency: USD
Overall AMGN gets a technical rating of 3 out of 10. In the past year, AMGN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
74% of all other stocks performed better in the past year than AMGN.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
AMGN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
AMGN has an average volume of 2869210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AMGN is an average performer in the Biotechnology industry, it outperforms 65% of 557 stocks in the same industry.
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 a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
255.99
338.20
3 important support areas can be observed.
- A support zone ranging from 282.06 to 286.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
- A resistance zone ranging from 292.04 to 295.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @317.04 from a trend line in the weekly time frame.
- A resistance zone ranging from 324.87 to 328.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @334.85 from a horizontal line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for AMGN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMGN is up. |
| ChartMill Relative Strength | 26.01 | NEGATIVE | AMGN has a low relative strength, it was outperformed by 73.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMGN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AMGN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.69 | NEUTRAL | The RSI value for AMGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests AMGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.54 | NEUTRAL | The Stochastics value for AMGN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for AMGN suggests low volalility. |
| Average Directional Index/ADX (14) | 22.12 | NEUTRAL | The ADX value for AMGN suggests a possible start of a new 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)
289.63
-0.42 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.14%
1 Week-0.75%
2 Weeks0.91%
1 Month5.32%
3 Month-8.36%
6 Month9.97%
12 Month-6.01%
2 Year30.45%
3 Year19.04%
5 Year22.8%
10 Year88.66%
15 Year450.63%
Volatility
ATR(14)5.9
ATR(20)%1.94%
ATR Inc-1.52%
Range Today5.27
ADR(20)5.41
ADR(20)%1.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.01
Mansfield-0.78
10 Day High299.49
10 Day Low284.99
20 Day High299.49
20 Day Low269.1
52 Week High346.85
52 Week Low253.3
CS1 End286.98
CR1 Start292.04
Volume & EV
DER(3)0.2%
DER(5)0.35%
Volume2.03M
Volume Incr-20.05%
Vol(5)2.19M
Vol(50)2.87M