The Greedy Trader Weekly Analysis
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Number of records: 13
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Amgen
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Summary:
Weekly :Overbought sectorBroken trend support lineTrend support at 192.43
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AveragePrice is near the Fibonacci 61.8% retracement levelThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Amgen (AMGN). During the week, the AMGN dropped -16.81 points, or -8.07%, and closed at 191.44 on Friday, December 07, 2018. Weekly volume was 13% above average.

AMGN is a member of Healthcare Sector. Healthcare is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See AMGN long-term trend chart]
A long-term uptrend had started on March 20, 2008 at 39.16 and reached 210.19 on September 27, 2018. AMGN gained -171.03 points, or -436.75%, in 549 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (192.43) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See AMGN medium-term trend chart]
A medium-term uptrend had started on November 4, 2016 at 133.64 and reached 210.19 on September 27, 2018. AMGN gained -76.55 points, or -57.28%, in 98 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (198.27) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See AMGN weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 19, 2018. 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 October 25, 2018 at 181.31 and reached 208.98 on November 30, 2018. AMGN gained -27.67 points, or -15.26%, in 36 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See AMGN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since November 6, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.82
Williams' Percentage Range (W%R) 50.70
Lane's Stochastic (%D-Slow) 49.69
Greed/Fear Indicator (GFI) 49.26
Moving Average Converg./Diverg. (MACD) 0.86
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.19
Williams' Percentage Range (W%R) 42.60
Lane's Stochastic (%D-Slow) 48.40
Greed/Fear Indicator (GFI) 50.99
Moving Average Converg./Diverg. (MACD) 3.68
Trading Signals
Description Value Chart
Yearly Trendline Resistance 215.10
Monthly Trendline Resistance 213.18
Parabolic System 207.50
Upper Bollinger Band 206.06
Monthly Trendline Support 198.27
Daily Stochastic Crossing 197.89
50 Day Moving Average 197.22
20 Day Moving Average 196.03
Weekly Stochastic Crossing 195.57
Yearly Trendline Support 192.43
Price 191.44
Lower Bollinger Band 187.64
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Biotechnology 88
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 181.31
Low Date 10/25/2018
High 208.98
High Date 11/30/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 210.19
High Date 09/27/2018
Low 181.31
Low Date 10/25/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 213.18
Support 198.27
Low 133.64
Low Date 11/04/2016
High 210.19
High Date 09/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 130.09
Low Date 09/28/2015
High 210.19
High Date 09/27/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 215.10
Support 192.43
Low 39.16
Low Date 03/20/2008
High 210.19
High Date 09/27/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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