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Archive
- 9/4/2026 -
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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 gained 4.81 points, or 1.11%, and closed at 437.23 on Friday, September 4, 2026. Weekly volume was -22% below average.
AMGN is a member of Health Care Sector. Health Care is the most overbought 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 447.03 on August 25, 2026. AMGN gained -407.87 points, or -1041.55%, in 961 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (313.37) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.
Medium-term trend: [See AMGN medium-term trend chart]
A medium-term uptrend had started on December 19, 2024 at 253.30 and reached 447.03 on August 25, 2026. AMGN gained -193.73 points, or -76.48%, in 87 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (341.95) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since July 2, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 August 25, 2026 at 447.03 and reached 426.00 on August 31, 2026. AMGN lost 21.03 points, or 4.70%, in 6 days. The price is now at the 53.40% retracement level.
 Daily Technical Indicators: [See AMGN daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since August 27, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
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.
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