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Biotechnology Industry Stocks Technical Analysis - AMGNArchive
- 7/2/2026 -
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Amgen (AMGN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Amgen (AMGN). During the week, the AMGN gained 15.82 points, or 4.41%, and closed at 374.15 on Thursday, July 2, 2026. Weekly volume was -10% below 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 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 price is near the trend resistance line (368.04). 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 December 19, 2024 at 253.30 and reached 391.29 on March 2, 2026. AMGN gained -137.99 points, or -54.48%, in 62 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 284.99 and resistance is at 410.51. 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 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. The distance between MACD and the signal line is low and getting smaller. 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 5, 2026 at 320.52 and reached 375.15 on July 2, 2026. AMGN gained -54.63 points, or -17.04%, in 58 days. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The price is near the trend resistance line (371.44). 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 short-term trend.
 Daily Technical Indicators: [See AMGN daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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 link to access Lane's Stochastic help.
The daily MACD line is above its signal line since May 18, 2026. This is an indication that the short-term trend is up.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish 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 |
9 |
| Industry |
Biotechnology |
69 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
334.05 |
| Low Date |
06/18/2026 |
| High |
375.15 |
| High Date |
07/02/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Right-Angled, Ascending Wedge |
| Status |
Test Resistance |
| Resistance |
371.44 |
| Support |
324.08 |
| Low |
320.52 |
| Low Date |
05/05/2026 |
| High |
375.15 |
| High Date |
07/02/2026 |
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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 |
320.52 |
| Low Date |
05/05/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
410.51 |
| Support |
284.99 |
| 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 |
Test Resistance |
| Resistance |
368.04 |
| Support |
271.80 |
| Low |
39.16 |
| Low Date |
03/20/2008 |
| High |
391.29 |
| High Date |
03/02/2026 |
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