The Greedy Trader Weekly Analysis
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- 2/27/2026 -
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Amgen (AMGN) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are overbought
Daily :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtMACD bearish divergenceThe price has risen above the Parabolic SAR
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It was a second consecutive positive week for the Amgen (AMGN). During the week, the AMGN gained 13.41 points, or 3.58%, and closed at 388.16 on Friday, February 27, 2026. 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 390.14 on February 27, 2026. AMGN gained -350.98 points, or -896.27%, in 936 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (267.37) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 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 390.14 on February 27, 2026. AMGN gained -136.84 points, or -54.02%, in 62 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (278.71) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 390.14 on February 27, 2026. AMGN gained -120.37 points, or -44.62%, in 154 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (347.78) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since January 16, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.00
Williams' Percentage Range (W%R) 20.80
Lane's Stochastic (%D-Slow) 86.78
Overbought
Greed/Fear Indicator (GFI) 72.98
Moving Average Converg./Diverg. (MACD) 10.34 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.25
Williams' Percentage Range (W%R) 10.60
Overbought
Lane's Stochastic (%D-Slow) 85.06
Overbought
Greed/Fear Indicator (GFI) 77.86
Moving Average Converg./Diverg. (MACD) 13.33
Trading Signals
Description Value Chart
Upper Bollinger Band 397.22
Price 388.16
Daily Stochastic Crossing 387.44
Weekly Stochastic Crossing 379.33
20 Day Moving Average 370.17
Parabolic System 366.61
Yearly Trendline Resistance 362.24
50 Day Moving Average 347.83
Weekly Trendline Support 347.78
Lower Bollinger Band 342.32
Weekly Trendline Resistance 330.89
Sector and Industry
Description Name Rank
Sector Health Care 5
Industry Biotechnology 66
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 312.39
Low Date 12/11/2025
High 390.14
High Date 02/27/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 330.89
Support 347.78
Low 269.77
Low Date 09/26/2025
High 390.14
High Date 02/27/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 261.43
Low Date 05/14/2025
High 390.14
High Date 02/27/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 271.99
Support 278.71
Low 253.30
Low Date 12/19/2024
High 390.14
High Date 02/27/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 362.24
Support 267.37
Low 39.16
Low Date 03/20/2008
High 390.14
High Date 02/27/2026
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.