AMGEN INC (AMGN)       283.29  -1.62 (-0.57%)

283.29  -1.62 (-0.57%)

US0311621009 - Common Stock - After market: 283.29 0 (0%)

Technical Rating

10

Taking everything into account, AMGN scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AMGN is showing a nice and steady performance.



The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, AMGN did better than 95% of all other stocks. On top of that, AMGN also shows a nice and consistent pattern of rising prices.
AMGN is one of the better performing stocks in the Biotechnology industry, it outperforms 91% of 635 stocks in the same industry.
AMGN is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so AMGN slightly outperforms the market at the moment.
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 2829200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Statistics

1 Month 3 Months 6 Months 12 Months 2.26% 14.37% 18.03% 34.33% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 95.56 209 - 296.67
AMGN Weekly chart
AMGN Daily chart

Support/Resistance Analysis


218.56

295.32
4 important support areas can be observed.
  • A support zone ranging from 281.98 to 283.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @230.93 from a trend line in the weekly time frame.
  • Support @226.95 from a horizontal line in the daily time frame.
  • Support @220.77 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
  • A resistance zone ranging from 283.60 to 287.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @292.40 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

8

Besides having an excellent technical rating, AMGN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 283.28, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • 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.

Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
287.31281.975.34 (1.86%)25.00%
An entry @287.31. This is a Buy Stop order right above the resistance zone.An exit @281.97. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 5.34 points, which is 1.86%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.46%.

  • The distance between exit and entry is rather small compared to the average daily movement of AMGN. Please evaluate whether better entry and exit points can be found.
  • 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.
AMGN Daily chart

AMGEN INC283.29

NASDAQ:AMGN (12/6/2022, 7:21:12 PM)-1.62 (-0.57%)

After market: 283.29 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Biotechnology
Performance
Today -0.57% 1 Week 0.46%
2 Weeks -1.69% 1 Month 2.26%
3 Month 14.37% 6 Month 18.03%
Volatility
ATR(14) 5.48 ATR(20)% 2.46%
ATR Inc -19.17% Range Today 5.75
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 95.56 Mansfield 2.07
10 Day High 289.54 10 Day Low 278.93
20 Day High 296.67 20 Day Low 278.93
52 Week High 296.67 52 Week Low 209
CS1 End 283.28 CR1 Start 283.6
Volume & EV
DER(3) 1.82% DER(5) 1.91%
Volume 2.48M Volume Incr 13.05%
Vol(5) 3.34M Vol(50) 2.83M

Technical Stock Screener Links

Screen Image

Technical Stock Screener

Find stocks with similar TA and Setup ratings on the USA

Screen Image

Best Technical Competitors Stock Screener

Find the competitors with the best technical ratings on the USA

Screen Image

Best Technical Setups Competitors Stock Screener

Find the competitors with the best technical and setup ratings on the USA