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Biotechnology Industry Stocks Technical Analysis - AMGN

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- 2/20/2026 -
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Amgen (AMGN) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance lineBroken trend resistance line
Daily :Broken trend resistance line
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It was a first positive week for the Amgen (AMGN). During the week, the AMGN gained 5.56 points, or 1.51%, and closed at 374.75 on Friday, February 20, 2026. AMGN was trading at average weekly trading volume.

Long-term trend: [See AMGN long-term trend chart]
A long-term uptrend had started on March 20, 2008 at 39.16 and reached 385.12 on February 6, 2026. AMGN gained -345.96 points, or -883.45%, in 933 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (267.11) 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 385.12 on February 6, 2026. AMGN gained -131.82 points, or -52.04%, in 59 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (278.28) 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 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 October 3, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 September 26, 2025 at 269.77 and reached 385.12 on February 6, 2026. AMGN gained -115.35 points, or -42.76%, in 133 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (344.08) 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 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 January 16, 2026. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.28
Williams' Percentage Range (W%R) 27.90
Lane's Stochastic (%D-Slow) 66.85
Greed/Fear Indicator (GFI) 68.75
Moving Average Converg./Diverg. (MACD) 9.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.28
Williams' Percentage Range (W%R) 11.40
Overbought
Lane's Stochastic (%D-Slow) 80.05
Overbought
Greed/Fear Indicator (GFI) 75.11
Moving Average Converg./Diverg. (MACD) 12.11
Trading Signals
Description Value Chart
Upper Bollinger Band 390.54
Parabolic System 380.99
Price 374.75
Daily Stochastic Crossing 374.14
Weekly Stochastic Crossing 373.66
Yearly Trendline Resistance 361.90
20 Day Moving Average 361.01
Weekly Trendline Support 344.08
50 Day Moving Average 341.34
Lower Bollinger Band 332.73
Weekly Trendline Resistance 332.04
Sector and Industry
Description Name Rank
Sector Health Care 5
Industry Biotechnology 66
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 312.39
Low Date 12/11/2025
High 385.12
High Date 02/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 332.04
Support 344.08
Low 269.77
Low Date 09/26/2025
High 385.12
High Date 02/06/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 261.43
Low Date 05/14/2025
High 385.12
High Date 02/06/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 273.30
Support 278.28
Low 253.30
Low Date 12/19/2024
High 385.12
High Date 02/06/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 361.90
Support 267.11
Low 39.16
Low Date 03/20/2008
High 385.12
High Date 02/06/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.