AMGEN INC (AMGN) Stock Technical Analysis
NASDAQ:AMGN - Nasdaq - US0311621009 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to AMGN. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, AMGN is a bad performer in the overall market: 70% of all stocks are doing better.
AMGN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AMGN is lagging the market.
AMGN is part of the Biotechnology industry. There are 560 other stocks in this industry. AMGN outperforms 70% of them.
AMGN has an average volume of 3115670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month AMGN has a been trading in the 261.43 - 291.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of AMGN is bad and it also does not present a 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.
More info and screens
255.99
338.20
2 important support areas can be observed.
- 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.
4 important resistance areas can be observed.
- A resistance zone ranging from 283.55 to 286.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @318.60 from a trend line in the weekly time frame.
- A resistance zone ranging from 324.87 to 325.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 333.83 to 334.85. 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 | DOWN | NEGATIVE | The long term trend for AMGN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMGN is neutral. |
| ChartMill Relative Strength | 30.02 | NEUTRAL | AMGN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AMGN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AMGN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.83 | NEUTRAL | The RSI value for AMGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.98 | POSITIVE | The MACD value suggests AMGN has a positive trend. |
| Stochastics (14,3) | 94.33 | OVERBOUGHT | The high Stochastics value suggests AMGN may be overbought. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for AMGN suggests some volalility. |
| Average Directional Index/ADX (14) | 32.44 | POSITIVE | The high ADX value value for AMGN suggests a strong 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)
283.54
+5.14 (+1.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.85%
1 Week4.5%
2 Weeks8.11%
1 Month-2.54%
3 Month-7.96%
6 Month0.24%
12 Month-7.29%
2 Year28.5%
3 Year10.44%
5 Year23.44%
10 Year81.45%
15 Year447.59%
Volatility
ATR(14)6.21
ATR(20)%2.56%
ATR Inc-23.55%
Range Today5.42
ADR(20)6.73
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.02
Mansfield-0.93
10 Day High283.82
10 Day Low264.15
20 Day High291.61
20 Day Low261.43
52 Week High346.85
52 Week Low253.3
CS1 End267.28
CR1 Start283.55
Volume & EV
DER(3)-3.31%
DER(5)-1.97%
Volume2.80M
Volume Incr-3.63%
Vol(5)2.81M
Vol(50)3.12M