The Greedy Trader Weekly Analysis
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Number of records: 10
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Amgen
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Summary:
Weekly :Broken trend support lineBroken trend support line
Daily :Daily  MACD line has moved below its signal linePrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Amgen (AMGN). During the week, the AMGN dropped -11.70 points, or -5.89%, and closed at 187.07 on Friday, February 1, 2019. It was the worst weekly loss since December 21, 2018. Weekly volume was 36% 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 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 uptrend support line (194.58) 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 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 (202.78) 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 December 24, 2018 at 178.29 and reached 204.33 on January 18, 2019. AMGN gained -26.04 points, or -14.61%, in 25 days. The price is now at the 66.28% retracement level.

Daily Technical Indicators: [See AMGN daily technical indicators chart]
Daily technical indicators are neutral.

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

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) 29.86
Williams' Percentage Range (W%R) 72.20
Lane's Stochastic (%D-Slow) 22.02
Greed/Fear Indicator (GFI) 26.56
Moving Average Converg./Diverg. (MACD) 0.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.57
Williams' Percentage Range (W%R) 74.20
Lane's Stochastic (%D-Slow) 57.91
Greed/Fear Indicator (GFI) 44.56
Moving Average Converg./Diverg. (MACD) 1.80
Trading Signals
Description Value Chart
Yearly Trendline Resistance 217.25
Monthly Trendline Resistance 215.69
Upper Bollinger Band 205.47
Monthly Trendline Support 202.78
20 Day Moving Average 197.25
Weekly Stochastic Crossing 195.25
50 Day Moving Average 194.86
Yearly Trendline Support 194.58
Parabolic System 192.70
Price 187.07
Daily Stochastic Crossing 185.51
Lower Bollinger Band 183.38
Sector and Industry
Description Name Rank
Sector Healthcare 5
Industry Biotechnology 122
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 178.29
Low Date 12/24/2018
High 204.33
High Date 01/18/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 210.19
High Date 09/27/2018
Low 178.29
Low Date 12/24/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 215.69
Support 202.78
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 Broken Support
Resistance 217.25
Support 194.58
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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