AMGEN INC (AMGN) Stock Technical Analysis
NASDAQ:AMGN - US0311621009 - Common Stock
293.72 USD
-2.04 (-0.69%)
293.72 USD
0 (0%)
Overall AMGN gets a technical rating of 2 out of 10. AMGN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
73% of all other stocks performed better in the past year than AMGN.
In the last month AMGN has a been trading in the 281.65 - 306.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
AMGN has an average volume of 2307530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
AMGN is an average performer in the Biotechnology industry, it outperforms 55% of 549 stocks in the same industry.
AMGN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AMGN is lagging the market.
AMGN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 293.52, a Stop Loss order could be placed below this zone.
More info and screens
255.99
340.76
When analyzing the support we can see 3 important areas.
- A support zone ranging from 289.24 to 293.52. 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.
We can see 5 important resistance areas.
- A resistance zone ranging from 293.90 to 294.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 302.92 to 304.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @312.34 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 | NEUTRAL | NEUTRAL | The long term trend for AMGN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMGN is neutral. |
| ChartMill Relative Strength | 27.18 | NEGATIVE | AMGN has a low relative strength, it was outperformed by 72.82% 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) | 49.79 | NEUTRAL | The RSI value for AMGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests AMGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.27 | 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) | 14.36 | 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)
293.72
-2.04 (-0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.69%
1 Week-0.93%
2 Weeks1.9%
1 Month-4.19%
3 Month8.12%
6 Month-3.07%
12 Month-10.67%
2 Year14.58%
3 Year22.23%
5 Year15.95%
10 Year93.52%
15 Year475.47%
Volatility
ATR(14)6.36
ATR(20)%2.2%
ATR Inc-23.56%
Range Today4.53
ADR(20)6.32
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.18
Mansfield-0.96
10 Day High301.47
10 Day Low282.6
20 Day High306
20 Day Low281.65
52 Week High339.17
52 Week Low253.3
CS1 End293.52
CR1 Start293.9
Volume & EV
DER(3)-0.63%
DER(5)0.2%
Volume1.64M
Volume Incr-17.57%
Vol(5)1.76M
Vol(50)2.31M