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Biotechnology Industry Stocks Technical Analysis - AMGNArchive
- 3/13/2026 -
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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 gave back -3.32 points, or -0.90%, and closed at 366.21 on Friday, March 13, 2026. Weekly volume was -20% 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 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 (362.92). 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 Symmetric Triangle chart pattern. The uptrend resistance line (279.57) 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. 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 391.29 on March 2, 2026. AMGN gained -121.52 points, or -45.05%, in 157 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 360.73 and resistance is at 399.36. 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 short-term trend.
 Daily Technical Indicators: [See AMGN daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 2, 2026.
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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 |
74 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
391.29 |
| High Date |
03/02/2026 |
| Low |
361.40 |
| Low Date |
03/05/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
399.36 |
| Support |
360.73 |
| Low |
269.77 |
| Low Date |
09/26/2025 |
| High |
391.29 |
| High Date |
03/02/2026 |
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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 |
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 |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
269.37 |
| Support |
279.57 |
| 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 |
362.92 |
| Support |
267.88 |
| Low |
39.16 |
| Low Date |
03/20/2008 |
| High |
391.29 |
| High Date |
03/02/2026 |
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