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Biotechnology Industry Stocks Technical Analysis - AMGNArchive
- 5/1/2026 -
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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 -14.73 points, or -4.28%, and closed at 329.82 on Friday, May 1, 2026. It was the worst weekly loss since March 20, 2026. Weekly volume was 14% above average.
AMGN is a member of Health Care Sector. Health Care is the most oversold 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 391.29 on March 2, 2026. AMGN gained -352.13 points, or -899.21%, in 936 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 269.64 and resistance is at 365.21. 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 May 14, 2025 at 261.43 and reached 391.29 on March 2, 2026. AMGN gained -129.86 points, or -49.67%, in 41 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 283.13 and resistance is at 414.07. 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.
The weekly MACD line is below its signal line since March 20, 2026. Use the following link to access a MACD help.
 Short-term trend: [See AMGN short-term trend chart]
A short-term downtrend had started on April 9, 2026 at 359.45 and reached 324.63 on May 1, 2026. AMGN lost 34.82 points, or 9.69%, in 22 days. The price is now at the 14.91% retracement level.
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.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.
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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 |
1 |
| Industry |
Biotechnology |
26 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
359.45 |
| High Date |
04/09/2026 |
| Low |
324.63 |
| Low Date |
05/01/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
391.29 |
| High Date |
03/02/2026 |
| Low |
324.63 |
| Low Date |
05/01/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
414.07 |
| Support |
283.13 |
| Low |
261.43 |
| Low Date |
05/14/2025 |
| High |
391.29 |
| High Date |
03/02/2026 |
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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 |
253.30 |
| Low Date |
12/19/2024 |
| High |
391.29 |
| High Date |
03/02/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
365.21 |
| Support |
269.64 |
| Low |
39.16 |
| Low Date |
03/20/2008 |
| High |
391.29 |
| High Date |
03/02/2026 |
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