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S&P 500 Oversold StocksArchive
- 5/22/2026 -
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Amgen (AMGN) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Amgen (AMGN). During the week, the AMGN gained 12.99 points, or 3.98%, and closed at 339.30 on Friday, May 22, 2026. It was the best weekly gain since February 27, 2026. AMGN was trading at average weekly trading volume.
AMGN is a member of Health Care Sector. Health Care is the most oversold sector. 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 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 trend support level is at 270.41 and resistance is at 366.22. 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 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 Broadening Ascending Wedge chart pattern. The trend support level is at 282.75 and resistance is at 404.40. 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 Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 Lane's Stochastic help.
The weekly MACD line is below its signal line since March 20, 2026. The distance between MACD and the signal line is relatively high, but 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 May 12, 2026 at 338.49 and reached 320.97 on May 19, 2026. AMGN lost 17.52 points, or 5.18%, in 7 days. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (314.14) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.
 Daily Technical Indicators: [See AMGN daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 18, 2026.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.
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