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Downtrend Broken Resist.Archive
- 4/25/2025 -
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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 after 4 consecutive negative weeks for the Amgen (AMGN). During the week, the AMGN gained 3.51 points, or 1.27%, and closed at 280.80 on Friday, April 25, 2025. Weekly volume was -21% 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 239.31 and resistance is at 348.00. 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 228.26 and resistance is at 368.89. 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 technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 (348.69) 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 and getting smaller.
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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