The Greedy Trader Weekly Analysis
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Number of records: 8
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Amgen
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Summary:
Weekly :Oversold sectorWilliams' Percentage Range is oversoldBroken trend support line
Daily :Williams' Percentage Range is oversoldLane's Stochastic and MACD bullish divergence
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It was the negative week for the Amgen (AMGN). During the week, the AMGN dropped -5.46 points, or -3.08%, and closed at 171.85 on Friday, May 10, 2019. AMGN was trading at average weekly trading volume.

AMGN is a member of Healthcare Sector. Healthcare is the most oversold 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 uptrend support line (198.53) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AMGN may retest the broken support line. It is considered to be a resistance line now. 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 September 28, 2015 at 130.09 and reached 210.19 on September 27, 2018. AMGN gained -80.10 points, or -61.57%, in 156 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 141.63 and resistance is at 220.34. 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 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 October 19, 2018. The distance between MACD and the signal line is near its high and getting bigger. 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 April 5, 2019 at 196.87 and reached 168.45 on May 10, 2019. AMGN lost 28.42 points, or 14.44%, in 35 days. The price is now at the 11.96% retracement level.

Daily Technical Indicators: [See AMGN daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since April 12, 2019. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.48
Williams' Percentage Range (W%R) 83.80
Oversold
Lane's Stochastic (%D-Slow) 26.90
Bullish
Greed/Fear Indicator (GFI) 27.52
Moving Average Converg./Diverg. (MACD) -3.40 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.63
Williams' Percentage Range (W%R) 88.80
Oversold
Lane's Stochastic (%D-Slow) 35.98
Greed/Fear Indicator (GFI) 29.49
Moving Average Converg./Diverg. (MACD) -1.52
Trading Signals
Description Value Chart
Yearly Trendline Support 198.53
Monthly Trendline Resistance 195.25
Upper Bollinger Band 190.03
50 Day Moving Average 185.30
Monthly Trendline Support 179.64
20 Day Moving Average 179.26
Parabolic System 178.99
Weekly Stochastic Crossing 175.33
Price 171.85
Daily Stochastic Crossing 170.53
Lower Bollinger Band 168.08
Quarterly Trendline Support 141.63
Sector and Industry
Description Name Rank
Sector Healthcare 1
Industry Biotechnology 26
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 182.47
High Date 04/29/2019
Low 168.45
Low Date 05/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 196.87
High Date 04/05/2019
Low 168.45
Low Date 05/10/2019
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 195.25
Support 179.64
High 210.19
High Date 09/27/2018
Low 168.45
Low Date 05/10/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 220.34
Support 141.63
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 221.20
Support 198.53
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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