The Greedy Trader Weekly Analysis
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Amgen (AMGN)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtRelative Strength Index bearish divergence
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtRelative Strength Index bearish divergence
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It was a sixth consecutive positive week for the Amgen (AMGN). During the week, the AMGN gained 3.16 points, or 1.45%, and closed at 221.11 on Friday, November 8, 2019. Weekly volume was -38% below average.

Long-term trend: [See AMGN long-term trend chart]
A long-term uptrend had started on May 15, 2019 at 166.30 and reached 221.25 on November 8, 2019. AMGN gained -54.95 points, or -33.04%, in 25 weeks. Price is near the trend high.

Medium-term trend: [See AMGN medium-term trend chart]
A medium-term uptrend had started on October 2, 2019 at 188.78 and reached 221.25 on November 8, 2019. AMGN gained -32.47 points, or -17.20%, in 5 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (210.48) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See AMGN weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 21, 2019. This is an indication that the medium-term trend is up. 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, 2019 at 201.51 and reached 221.25 on November 8, 2019. AMGN gained -19.74 points, or -9.80%, in 14 days. Price is near the trend high.

Daily Technical Indicators: [See AMGN daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index bearish divergence. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since October 7, 2019. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.54
Overbought Bearish
Williams' Percentage Range (W%R) 14.80
Overbought
Lane's Stochastic (%D-Slow) 82.81
Overbought
Greed/Fear Indicator (GFI) 83.17
Overbought
Moving Average Converg./Diverg. (MACD) 4.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.88
Bearish
Williams' Percentage Range (W%R) 6.30
Strong Overbought
Lane's Stochastic (%D-Slow) 73.36
Greed/Fear Indicator (GFI) 75.58
Moving Average Converg./Diverg. (MACD) 3.90
Trading Signals
Description Value Chart
Upper Bollinger Band 222.14
Price 221.11
Daily Stochastic Crossing 218.84
Parabolic System 216.58
Weekly Stochastic Crossing 214.10
Monthly Trendline Support 210.48
Monthly Trendline Resistance 209.57
20 Day Moving Average 208.76
50 Day Moving Average 202.17
Lower Bollinger Band 197.14
Sector and Industry
Description Name Rank
Sector Healthcare 4
Industry Biotechnology 100
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 201.51
Low Date 10/25/2019
High 221.25
High Date 11/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 201.51
Low Date 10/25/2019
High 221.25
High Date 11/08/2019
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 209.57
Support 210.48
Low 188.78
Low Date 10/02/2019
High 221.25
High Date 11/08/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 166.30
Low Date 05/15/2019
High 221.25
High Date 11/08/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 39.16
Low Date 03/20/2008
High 221.25
High Date 11/08/2019
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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