AMGEN INC (AMGN) Stock Technical Analysis
USA - NASDAQ:AMGN - US0311621009 - Common Stock
295.81 USD
-1.51 (-0.51%)
295.76 USD
-0.05 (-0.02%)
Taking everything into account, AMGN scores 5 out of 10 in our technical rating. In the last year, AMGN was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, AMGN is a bad performer in the overall market: 71% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
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 2310790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AMGN is part of the Biotechnology industry. There are 536 other stocks in this industry, AMGN did better than 45% of them.
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 only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 297.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 295.61, 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 4 important areas.
- A support zone ranging from 286.87 to 295.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 272.23 to 272.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @267.28 from a horizontal line in the weekly time frame.
- A support zone ranging from 258.58 to 261.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 297.02 to 300.37. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @308.17 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for AMGN is up. |
| ChartMill Relative Strength | 29.61 | NEGATIVE | AMGN has a low relative strength, it was outperformed by 70.39% 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) | 57.66 | NEUTRAL | The RSI value for AMGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.82 | POSITIVE | The MACD value suggests AMGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.49 | OVERBOUGHT | The high Stochastics value suggests AMGN may be overbought. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for AMGN suggests some volalility. |
| Average Directional Index/ADX (14) | 19.25 | 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)
295.81
-1.51 (-0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.51%
1 Week0.13%
2 Weeks-0.53%
1 Month7.24%
3 Month0.36%
6 Month6.68%
12 Month-8.04%
2 Year15.69%
3 Year9.42%
5 Year36.36%
10 Year87.01%
15 Year417.24%
Volatility
ATR(14)6.97
ATR(20)%2.39%
ATR Inc-4.87%
Range Today7.82
ADR(20)6.94
ADR(20)%2.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.61
Mansfield-0.71
10 Day High302.27
10 Day Low289.44
20 Day High302.27
20 Day Low269.77
52 Week High335.88
52 Week Low253.3
CS1 End295.61
CR1 Start297.02
Volume & EV
DER(3)0.3%
DER(5)-0.46%
Volume1.72M
Volume Incr-23.05%
Vol(5)2.14M
Vol(50)2.31M