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S&P 500 Oversold StocksArchive
- 6/27/2025 -
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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 dropped -12.20 points, or -4.22%, and closed at 277.13 on Friday, June 27, 2025. Weekly volume was 30% above 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 241.30 and resistance is at 350.90. 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 trend support level is at 263.92 and resistance is at 330.53. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle 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 May 14, 2025 at 261.43 and reached 299.49 on June 13, 2025. AMGN gained -38.06 points, or -14.56%, in 30 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (306.32) 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.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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 price 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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