We assign a technical rating of 10 out of 10 to AMGN. Both in the recent history as in the last year, AMGN has proven to be a steady performer, scoring decent points in every aspect analyzed.
AMGN has an excellent technical rating and 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 resistance zone just above the current price starting at 340.46. Right above this resistance zone may be a good entry point.
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258.61
5 important support areas can be observed.
- A support zone ranging from 312.96 to 315.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 291.15 to 295.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 272.44 to 276.07. 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.
- Support @261.22 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 340.46 to 345.47. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The short term trend for AMGN is up. |
| ChartMill Relative Strength | 86.63 | POSITIVE | AMGN has a high relative strength, it outperformed 86.63% 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) | 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) | 61.27 | NEUTRAL | The RSI value for AMGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.57 | NEGATIVE | The MACD value suggests AMGN has a negative trend. |
| Stochastics (14,3) | 85.77 | OVERBOUGHT | The high Stochastics value suggests AMGN may be overbought. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for AMGN suggests some volalility. |
| Average Directional Index/ADX (14) | 41.83 | POSITIVE | The high ADX value value for AMGN suggests a strong 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 |
|---|---|---|---|
| 345.48 | 331.70 | 13.79 (3.99%) | 25.00% |
| An entry @345.48. This is a Buy Stop order right above the resistance zone. | An exit @331.69. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 13.79 points, which is 3.99%. | For a 1.00% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
337.49
-7.97 (-2.31%)
AMGEN INC / AMGN FAQ
Can you provide the ChartMill technical rating for AMGEN INC?
ChartMill assigns a technical rating of 10 / 10 to AMGN.
Can you provide the trend direction for AMGEN INC?
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 61.2682. This indicates that the stock is currently neutral.
What is the short term momentum for AMGEN INC (AMGN) stock?
The short term momentum for AMGEN INC (AMGN) is positive.
What are the support and resistance levels for AMGEN INC (AMGN) stock?
AMGEN INC (AMGN) has a support level at 315.64 and a resistance level at 340.46. Check the full technical report for our detailed analysis of AMGN support and resistance levels.