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Archive
- 1/10/2025 -
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Amgen (AMGN) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week after 6 consecutive negative weeks for the Amgen (AMGN). During the week, the AMGN climbed 0.70 points, or 0.27%, and closed at 261.90 on Friday, January 10, 2025. It was the best weekly gain since November 22, 2024. Weekly volume was 13% above average.
 Long-term trend: [See AMGN long-term trend chart]
A long-term uptrend had started on March 20, 2008 at 39.16 and reached 346.85 on July 25, 2024. AMGN gained -307.69 points, or -785.73%, in 853 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 235.98 and resistance is at 343.14. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
Medium-term trend: [See AMGN medium-term trend chart]
A medium-term uptrend had started on December 1, 2021 at 198.64 and reached 346.85 on July 25, 2024. AMGN gained -148.21 points, or -74.61%, in 138 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 225.75 and resistance is at 360.45. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See AMGN weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since September 20, 2024. The distance between MACD and the signal line is near its high, but getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See AMGN short-term trend chart]
A short-term uptrend had started on December 19, 2024 at 253.30 and reached 269.00 on December 20, 2024. AMGN gained -15.70 points, or -6.20%, in 1 days. The price is now at the 45.22% retracement level.
 Daily Technical Indicators: [See AMGN daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since December 20, 2024. This is an indication that the short-term trend is up.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Health Care |
5 |
| Industry |
Biotechnology |
38 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
253.30 |
| Low Date |
12/19/2024 |
| High |
269.00 |
| High Date |
12/20/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
339.17 |
| High Date |
09/23/2024 |
| Low |
253.30 |
| Low Date |
12/19/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
346.85 |
| High Date |
07/25/2024 |
| Low |
253.30 |
| Low Date |
12/19/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
360.45 |
| Support |
225.75 |
| Low |
198.64 |
| Low Date |
12/01/2021 |
| High |
346.85 |
| High Date |
07/25/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
343.14 |
| Support |
235.98 |
| Low |
39.16 |
| Low Date |
03/20/2008 |
| High |
346.85 |
| High Date |
07/25/2024 |
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