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Biotechnology Industry Stocks Technical Analysis - AMGNArchive
- 3/21/2025 -
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Amgen (AMGN) Technical Analysis |
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Amgen (AMGN). During the week, the AMGN climbed 2.30 points, or 0.73%, and closed at 316.00 on Friday, March 21, 2025. Weekly volume was 41% 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 346.85 on July 25, 2024. AMGN gained -307.69 points, or -785.73%, in 853 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 238.20 and resistance is at 346.38. 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 long-term trend.
Medium-term trend: [See AMGN medium-term trend chart]
A medium-term uptrend had started on December 1, 2021 at 198.64 and reached 346.85 on July 25, 2024. AMGN gained -148.21 points, or -74.61%, in 138 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 227.42 and resistance is at 366.08. 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 weekly MACD line is above its signal line since February 7, 2025. 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 December 19, 2024 at 253.30 and reached 335.90 on March 10, 2025. AMGN gained -82.60 points, or -32.61%, in 81 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (321.22) 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 short-term trend.
 Daily Technical Indicators: [See AMGN daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 12, 2025. The distance between MACD and the signal line is low, but getting bigger.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Health Care |
7 |
| Industry |
Biotechnology |
83 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
335.90 |
| High Date |
03/10/2025 |
| Low |
308.60 |
| Low Date |
03/12/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Support |
| Resistance |
345.59 |
| Support |
321.22 |
| Low |
253.30 |
| Low Date |
12/19/2024 |
| High |
335.90 |
| High Date |
03/10/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Test Resistance |
| Resistance |
316.13 |
| Support |
218.72 |
| High |
346.85 |
| High Date |
07/25/2024 |
| Low |
253.30 |
| Low Date |
12/19/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
366.08 |
| Support |
227.42 |
| Low |
198.64 |
| Low Date |
12/01/2021 |
| High |
346.85 |
| High Date |
07/25/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
346.38 |
| Support |
238.20 |
| Low |
39.16 |
| Low Date |
03/20/2008 |
| High |
346.85 |
| High Date |
07/25/2024 |
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