The Greedy Trader Weekly Analysis
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Amgen
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Summary:
Weekly :Broken trend support lineBroken trend support lineWilliams' Percentage Range is oversold
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Amgen (AMGN). During the week, the AMGN gained 5.91 points, or 3.52%, and closed at 173.89 on Friday, May 11, 2018. It was the best weekly gain since March 9, 2018. AMGN was trading at average weekly trading volume.

Long-term trend: [See AMGN long-term trend chart]
A long-term uptrend had started on March 20, 2008 at 39.16 and reached 201.23 on January 29, 2018. AMGN gained -162.07 points, or -413.87%, in 514 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (184.00) 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 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 201.23 on January 29, 2018. AMGN gained -67.59 points, or -50.58%, in 64 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (183.91) 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 Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 16, 2018. 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 downtrend had started on March 14, 2018 at 192.62 and reached 163.31 on April 2, 2018. AMGN lost 29.31 points, or 15.22%, in 19 days. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 165.63 and resistance is at 174.84. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a short-term trend.

Daily Technical Indicators: [See AMGN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 moved above 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.58
Williams' Percentage Range (W%R) 61.90
Lane's Stochastic (%D-Slow) 42.74
Greed/Fear Indicator (GFI) 43.15
Moving Average Converg./Diverg. (MACD) -1.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.20
Williams' Percentage Range (W%R) 81.40
Oversold
Lane's Stochastic (%D-Slow) 29.13
Greed/Fear Indicator (GFI) 31.86
Moving Average Converg./Diverg. (MACD) 0.23
Trading Signals
Description Value Chart
Yearly Trendline Resistance 206.67
Monthly Trendline Resistance 194.89
Yearly Trendline Support 184.00
Monthly Trendline Support 183.91
Upper Bollinger Band 177.67
50 Day Moving Average 176.04
Weekly Trendline Resistance 174.84
Price 173.89
20 Day Moving Average 171.93
Weekly Stochastic Crossing 171.23
Daily Stochastic Crossing 169.62
Weekly Trendline Support 165.63
Lower Bollinger Band 165.61
Parabolic System 165.06
Sector and Industry
Description Name Rank
Sector Healthcare 4
Industry Biotechnology 35
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 178.74
High Date 04/30/2018
Low 165.23
Low Date 05/04/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Valid
Resistance 174.84
Support 165.63
High 192.62
High Date 03/14/2018
Low 163.31
Low Date 04/02/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 194.89
Support 183.91
Low 133.64
Low Date 11/04/2016
High 201.23
High Date 01/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 130.09
Low Date 09/28/2015
High 201.23
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 206.67
Support 184.00
Low 39.16
Low Date 03/20/2008
High 201.23
High Date 01/29/2018
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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