The Greedy Trader Weekly Analysis
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Daily D%-Slow:< 20
Number of records: 4
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Lane's Stochastic (%D-Slow)
The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.
Stochastic oscillator - undervalued stocks and overbought oversold oscillator.
stochastic oscillator,overbought oversold oscillator,undervalued stocks
Lane's Stochastic Divergence - Bullish Divergence and Bearish Divergence.
Lane's Stochastic Divergence,Bullish Divergence,Bearish Divergence
Stochastic oscillator - Lane's Stochastic crossover as stocks trading alerts. Technical investment analysis - technical analysis stock stochastic screening, slow stochastic and fast stochastic, bullish and bearish stock market technical indicator.
stochastic oscillator,Lane's Stochastic,stochastic crossover,stocks trading alerts,technical analysis,screen stochastic,trading indicator,technical analysis stock screen, technical indicator,technical investment analysis,stochastics, bulls, bears, bullish, bearish, market, stock market,slow stochastic,fast stochastic,Lane&'s Stochastic Divergence

Amgen (AMGN)

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Summary:
Weekly :Oversold industry
Daily :Price is close to the 50 Day Moving Average
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It was a second positive week after 4 consecutive negative weeks for the Amgen (AMGN). During the week, the AMGN gained 5.69 points, or 2.46%, and closed at 237.36 on Friday, November 13, 2020. AMGN was trading at average weekly trading volume.

AMGN is a member of Biotechnology Industry. Biotechnology is the sixth most oversold industry. 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 264.97 on July 6, 2020. AMGN gained -225.81 points, or -576.63%, in 641 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 193.60 and resistance is at 270.65. 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 September 28, 2015 at 130.09 and reached 264.97 on July 6, 2020. AMGN gained -134.88 points, or -103.68%, in 249 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 180.67 and resistance is at 245.57. 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 September 4, 2020. 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 September 3, 2020 at 260.06 and reached 210.28 on October 29, 2020. AMGN lost 49.78 points, or 19.14%, in 56 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See AMGN daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since November 3, 2020. The distance between MACD and the signal line is relatively high and getting bigger.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.18
Williams' Percentage Range (W%R) 25.20
Lane's Stochastic (%D-Slow) 76.44
Greed/Fear Indicator (GFI) 72.15
Moving Average Converg./Diverg. (MACD) -2.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.09
Williams' Percentage Range (W%R) 51.30
Lane's Stochastic (%D-Slow) 23.99
Greed/Fear Indicator (GFI) 40.77
Moving Average Converg./Diverg. (MACD) 3.57
Trading Signals
Description Value Chart
Monthly Trendline Resistance 278.53
Yearly Trendline Resistance 270.65
Upper Bollinger Band 247.98
Quarterly Trendline Resistance 245.57
Daily Stochastic Crossing 241.20
50 Day Moving Average 238.54
Price 237.36
20 Day Moving Average 228.57
Parabolic System 226.00
Weekly Stochastic Crossing 222.86
Lower Bollinger Band 217.94
Yearly Trendline Support 193.60
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Biotechnology 6
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 260.06
High Date 09/03/2020
Low 210.28
Low Date 10/29/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 264.97
High Date 07/06/2020
Low 210.28
Low Date 10/29/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 278.53
Support 185.30
Low 166.30
Low Date 05/15/2019
High 264.97
High Date 07/06/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 245.57
Support 180.67
Low 130.09
Low Date 09/28/2015
High 264.97
High Date 07/06/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 270.65
Support 193.60
Low 39.16
Low Date 03/20/2008
High 264.97
High Date 07/06/2020
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.

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