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Biotechnology Industry Stocks Technical Analysis - AMGNArchive
- 7/31/2026 -
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Amgen (AMGN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the Amgen (AMGN). During the week, the AMGN gained 9.12 points, or 2.43%, and closed at 385.16 on Friday, July 31, 2026. Weekly volume was 8% 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 398.00 on July 28, 2026. AMGN gained -358.84 points, or -916.34%, in 957 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (272.84) 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 398.00 on July 28, 2026. AMGN gained -144.70 points, or -57.13%, in 83 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 336.29 and resistance is at 415.14. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See AMGN weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 link to access Lane's Stochastic 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 398.00 on July 28, 2026. AMGN gained -44.05 points, or -12.45%, in 13 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 364.47 and resistance is at 406.34. 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.
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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 |
87 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
398.00 |
| High Date |
07/28/2026 |
| Low |
378.22 |
| Low Date |
07/30/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
406.34 |
| Support |
364.47 |
| Low |
353.95 |
| Low Date |
07/15/2026 |
| High |
398.00 |
| High Date |
07/28/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
394.91 |
| Support |
343.54 |
| Low |
320.52 |
| Low Date |
05/05/2026 |
| High |
398.00 |
| High Date |
07/28/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
415.14 |
| Support |
336.29 |
| Low |
253.30 |
| Low Date |
12/19/2024 |
| High |
398.00 |
| High Date |
07/28/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Broken Resistance |
| Resistance |
369.39 |
| Support |
272.84 |
| Low |
39.16 |
| Low Date |
03/20/2008 |
| High |
398.00 |
| High Date |
07/28/2026 |
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