The Greedy Trader Weekly Analysis
Sign In May 25, 2018
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Amgen
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Summary:
Weekly :Broken trend support lineBroken trend support line
Daily :Williams' Percentage Range is overboughtPrice has crossed above the 50 Day Moving AverageBroken trend resistance line
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 2.41 points, or 1.39%, and closed at 176.30 on Friday, May 18, 2018. 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 201.23 on January 29, 2018. AMGN gained -162.07 points, or -413.87%, in 514 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (184.29) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.

Medium-term trend: [See AMGN medium-term trend chart]
A medium-term uptrend had started on November 4, 2016 at 133.64 and reached 201.23 on January 29, 2018. AMGN gained -67.59 points, or -50.58%, in 64 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (184.57) is broken. A broken support is considered to be a long-term bearish signal. 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 support 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 16, 2018. 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 March 14, 2018 at 192.62 and reached 163.31 on April 2, 2018. AMGN lost 29.31 points, or 15.22%, in 19 days. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (166.03) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AMGN may retest the broken resistance line. It is considered to be a support line now. 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. 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 Williams' Percentage Range help.

The daily MACD line is above its signal line since May 10, 2018.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 53.56
Williams' Percentage Range (W%R) 16.50
Overbought
Lane's Stochastic (%D-Slow) 73.34
Greed/Fear Indicator (GFI) 70.13
Moving Average Converg./Diverg. (MACD) -0.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.95
Williams' Percentage Range (W%R) 65.20
Lane's Stochastic (%D-Slow) 31.48
Greed/Fear Indicator (GFI) 37.99
Moving Average Converg./Diverg. (MACD) -0.12
Trading Signals
Description Value Chart
Yearly Trendline Resistance 206.96
Monthly Trendline Resistance 195.05
Monthly Trendline Support 184.57
Yearly Trendline Support 184.29
Upper Bollinger Band 179.20
Price 176.30
50 Day Moving Average 174.70
Daily Stochastic Crossing 174.62
Weekly Trendline Resistance 172.67
20 Day Moving Average 172.29
Parabolic System 170.62
Weekly Stochastic Crossing 168.08
Lower Bollinger Band 166.38
Weekly Trendline Support 166.03
Sector and Industry
Description Name Rank
Sector Healthcare 6
Industry Biotechnology 36
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 165.23
Low Date 05/04/2018
High 177.80
High Date 05/14/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 172.67
Support 166.03
High 192.62
High Date 03/14/2018
Low 163.31
Low Date 04/02/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 195.05
Support 184.57
Low 133.64
Low Date 11/04/2016
High 201.23
High Date 01/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 130.09
Low Date 09/28/2015
High 201.23
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 206.96
Support 184.29
Low 39.16
Low Date 03/20/2008
High 201.23
High Date 01/29/2018
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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