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S&P 500 Oversold StocksArchive
- 8/7/2026 -
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Amgen (AMGN) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
Move cursor over the icon to see details.
| | It was a fourth consecutive positive week for the Amgen (AMGN). During the week, the AMGN gained 25.79 points, or 6.70%, and closed at 410.95 on Friday, August 7, 2026. Weekly volume was 30% above 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 418.40 on August 6, 2026. AMGN gained -379.24 points, or -968.44%, in 959 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (312.08) 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 418.40 on August 6, 2026. AMGN gained -165.10 points, or -65.18%, in 85 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (416.27). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the 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 overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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. 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 July 15, 2026 at 353.95 and reached 418.40 on August 6, 2026. AMGN gained -64.45 points, or -18.21%, in 22 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 381.31 and resistance is at 420.24. 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 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 July 23, 2026. This is an indication that the short-term trend is up.
 Candlestick pattern: [See AMGN candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.
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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 |
11 |
| Industry |
Biotechnology |
86 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
375.96 |
| Low Date |
08/03/2026 |
| High |
418.40 |
| High Date |
08/06/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
420.24 |
| Support |
381.31 |
| Low |
353.95 |
| Low Date |
07/15/2026 |
| High |
418.40 |
| High Date |
08/06/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Broken Resistance |
| Resistance |
400.33 |
| Support |
345.66 |
| Low |
320.52 |
| Low Date |
05/05/2026 |
| High |
418.40 |
| High Date |
08/06/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Test Resistance |
| Resistance |
416.27 |
| Support |
337.42 |
| Low |
253.30 |
| Low Date |
12/19/2024 |
| High |
418.40 |
| High Date |
08/06/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
361.05 |
| Support |
312.08 |
| Low |
39.16 |
| Low Date |
03/20/2008 |
| High |
418.40 |
| High Date |
08/06/2026 |
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