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Archive
- 5/23/2025 -
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Amgen (AMGN) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Amgen (AMGN). During the week, the AMGN gave back -0.75 points, or -0.28%, and closed at 271.66 on Friday, May 23, 2025. Weekly volume was -17% below 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 240.24 and resistance is at 349.35. 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 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 228.95 and resistance is at 371.24. 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 and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since April 17, 2025. 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 March 10, 2025 at 335.90 and reached 261.43 on May 14, 2025. AMGN lost 74.47 points, or 22.17%, in 65 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (259.69) 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 short-term trend.
 Daily Technical Indicators: [See AMGN daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 15, 2025. The distance between MACD and the signal line is low, but getting bigger.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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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