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Archive
- 1/16/2026 -
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Amgen (AMGN) Technical Analysis
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| Summary:
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| | It was a first positive week for the Amgen (AMGN). During the week, the AMGN gained 4.31 points, or 1.32%, and closed at 330.41 on Friday, January 16, 2026. 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 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 247.78 and resistance is at 360.35. 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 downtrend had started on July 25, 2024 at 346.85 and reached 253.30 on December 19, 2024. AMGN lost 93.55 points, or 26.97%, in 21 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (275.53) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See AMGN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since October 3, 2025. The distance between MACD and the signal line is low and getting smaller. 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 May 14, 2025 at 261.43 and reached 346.38 on December 3, 2025. AMGN gained -84.95 points, or -32.49%, in 203 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 276.68 and resistance is at 357.83. 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 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 January 8, 2026. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 distance between the Bollinger Bands is falling, and it was 5.11% on Friday. It is 52.91% lower than one year average. It indicates the period of low volatility of the stock price. 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 20 Day Moving Average 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.
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