NASDAQ:AMGN • US0311621009
We assign a technical rating of 9 out of 10 to AMGN. 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.
Although AMGN has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
264.61
We found 4 important support areas.
We found 1 important resistance area.
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 | 77.47 | POSITIVE | AMGN has a high relative strength, it outperformed 77.47% 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) | 67.16 | NEUTRAL | The RSI value for AMGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests AMGN has a positive trend. |
| Stochastics (14,3) | 83.49 | OVERBOUGHT | The high Stochastics value suggests AMGN may be overbought. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for AMGN suggests some volalility. |
| Average Directional Index/ADX (14) | 30.31 | POSITIVE | The high ADX value value for AMGN suggests a strong trend. |
388.16
+8.83 (+2.33%)
ChartMill assigns a technical rating of 9 / 10 to AMGN.
The current trend direction for AMGEN INC (AMGN) is Bullish.
AMGEN INC (AMGN) has an RSI value of 67.1634. This indicates that the stock is currently neutral.
The MACD indicator for AMGEN INC (AMGN) has a value of 0.391198, indicating a bearish trend.
The short term momentum for AMGEN INC (AMGN) is positive.