The Greedy Trader Weekly Analysis
Sign In Jan 15, 2021
Skip Navigation Links
Number of records: 4
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Biotechnology Industry Technical Analysis

Archive
- 1/8/2021 -
Sign In to see current Signals.

Amgen (AMGN)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtThe price is above the upper Bollinger Band
Move cursor over the icon to see details.

It was a second consecutive positive week for the Amgen (AMGN). During the week, the AMGN gained 8.57 points, or 3.73%, and closed at 238.49 on Friday, January 8, 2021. It was the best weekly gain since November 6, 2020. 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 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 195.43 and resistance is at 273.12. 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 182.21 and resistance is at 248.01. 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. 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 downtrend had started on July 6, 2020 at 264.97 and reached 210.28 on October 29, 2020. AMGN lost 54.69 points, or 20.64%, in 115 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 186.50 and resistance is at 250.13. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See AMGN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 daily MACD line is above its signal line since December 30, 2020.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.57
Williams' Percentage Range (W%R) 17.70
Overbought
Lane's Stochastic (%D-Slow) 82.57
Overbought
Greed/Fear Indicator (GFI) 75.14
Moving Average Converg./Diverg. (MACD) 0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.29
Williams' Percentage Range (W%R) 49.30
Lane's Stochastic (%D-Slow) 46.53
Greed/Fear Indicator (GFI) 48.98
Moving Average Converg./Diverg. (MACD) -0.81
Trading Signals
Description Value Chart
Monthly Trendline Resistance 283.93
Yearly Trendline Resistance 273.12
Weekly Trendline Resistance 250.13
Quarterly Trendline Resistance 248.01
Price 238.49
Daily Stochastic Crossing 237.11
Upper Bollinger Band 237.09
Weekly Stochastic Crossing 231.98
20 Day Moving Average 228.28
50 Day Moving Average 227.81
Parabolic System 225.43
Lower Bollinger Band 221.10
Yearly Trendline Support 195.43
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Biotechnology 20
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 210.28
Low Date 10/29/2020
High 245.84
High Date 11/10/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 250.13
Support 186.50
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 283.93
Support 187.15
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 248.01
Support 182.21
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 273.12
Support 195.43
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.

Copyright© 2004-2018 All rights reserved.