AMGEN INC (AMGN)

US0311621009 - Common Stock

300.05  -0.65 (-0.22%)

Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to AMGN. In the last year, AMGN was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.

In the last month AMGN has a been trading in the 295.49 - 321.44 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.
Looking at the yearly performance, AMGN did better than 87% of all other stocks. We also observe that the gains produced by AMGN over the past year are nicely spread over this period.
AMGN is one of the better performing stocks in the Biotechnology industry, it outperforms 82% of 582 stocks in the same industry.
AMGN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AMGN is lagging the market slightly.
AMGN has an average volume of 2491760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
AMGN Weekly chart
AMGN Daily chart
Setup Rating and Analysis

6

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.

Support and Resistance Analysis

258.40

327.82

When analyzing the support we can see 2 important areas.

  • Support @277.13 from a trend line in the weekly time frame.
  • A support zone ranging from 261.01 to 271.46. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 301.61 to 307.52. 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 323.20 to 324.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.99
Mansfield-0.34
10 Day High311.48
10 Day Low295.49
20 Day High321.44
20 Day Low295.49
52 Week High329.72
52 Week Low218.44
Performance
1 Week-2.17%
2 Weeks0.17%
1 Month-2.51%
3 Month11.84%
6 Month9.17%
12 Month30.93%
2 Year23.59%
3 Year23.36%
5 Year63.18%
10 Year154.03%
15 Year468%
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)
Technical Indicators
MACD(12,26,9)-1.61
RSI(14)48.58
LBB297.57
UBB311.5
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
307.53295.4812.05 (3.92%)25.00%
An entry @307.53. This is a Buy Stop order right above the resistance zone.An exit @295.48. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 12.05 points, which is 3.92%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.98%.

  • 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 INC

NASDAQ:AMGN (6/12/2024, 10:13:08 AM)

300.05

-0.65 (-0.22%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.22%
1 Week-2.17%
2 Weeks0.17%
1 Month-2.51%
3 Month11.84%
6 Month9.17%
12 Month30.93%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)5.59
ATR(20)%1.9%
ATR Inc
Range Today3.71
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High311.48
10 Day Low295.49
20 Day High321.44
20 Day Low295.49
52 Week High329.72
52 Week Low218.44
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume289.51K
Volume Incr-23.74%
Vol(5)1.87M
Vol(50)2.49M