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Downtrend ExhaustionArchive
- 7/19/2024 -
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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 second consecutive positive week for the Amgen (AMGN). During the week, the AMGN climbed 0.46 points, or 0.14%, and closed at 331.29 on Friday, July 19, 2024. Weekly volume was -25% 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 338.98 on July 18, 2024. AMGN gained -299.82 points, or -765.63%, in 852 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (335.05). 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 long-term trend.
 Medium-term trend: [See AMGN medium-term trend chart]
A medium-term uptrend had started on April 19, 2024 at 260.68 and reached 338.98 on July 18, 2024. AMGN gained -78.30 points, or -30.04%, in 12 weeks. The price is now at the 9.82% retracement level.
 Weekly Technical Indicators: [See AMGN weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range. 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 Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 10, 2024. 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 June 13, 2024 at 295.30 and reached 338.98 on July 18, 2024. AMGN gained -43.68 points, or -14.79%, in 35 days. The chart has formed a Rising Channel chart pattern.
 Daily Technical Indicators: [See AMGN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since July 9, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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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 |
5 |
| Industry |
Biotechnology |
102 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Low |
295.30 |
| Low Date |
06/13/2024 |
| High |
338.98 |
| High Date |
07/18/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
260.68 |
| Low Date |
04/19/2024 |
| High |
338.98 |
| High Date |
07/18/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
211.71 |
| Low Date |
06/01/2023 |
| High |
338.98 |
| High Date |
07/18/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
198.64 |
| Low Date |
12/01/2021 |
| High |
338.98 |
| High Date |
07/18/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Test Resistance |
| Resistance |
335.05 |
| Support |
230.42 |
| Low |
39.16 |
| Low Date |
03/20/2008 |
| High |
338.98 |
| High Date |
07/18/2024 |
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