Amgen Inc. Stock Forecast
Red day on Thursday for Amgen Inc.
(Updated on Jul 04, 2024)
The Amgen Inc. stock price fell by -0.0527% on the last day (Thursday, 4th Jul 2024) from 284.70€ to 284.55€. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 2.50% from a day low at 284.55€ to a day high of 291.65€. The price has fallen in 7 of the last 10 days and is down by -0.58% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -24 shares and in total, 149 shares were bought and sold for approximately 42.40€ thousand.
Given the current short-term trend, the stock is expected to rise 16.95% during the next 3 months and, with a 90% probability hold a price between 332.77€ and 358.01€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AMG.F Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Amgen Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 290.19€ and 285.18€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -5.53%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Amgen Inc. stock
Amgen Inc. finds support from accumulated volume at 281.35€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 7.10€ between high and low, or 2.50%. For the last week the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMG.F) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Amgen Inc. to open at 286.92€, and during the day (based on 14 day Average True Range), to move between 278.94€ and 290.16€, which gives a possible trading interval of +/-5.61€ (+/-1.97%) up or down from last closing price. If Amgen Inc. takes out the full calculated possible swing range there will be an estimated 3.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 287.30€ (0.97%) than the support at 281.35€ (1.12%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Amgen Inc. stock A Buy?
The Amgen Inc. stock holds several negative signals and despite the positive trend, we believe Amgen Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.441 Sell Candidate Unchanged
Predicted Opening Price for Amgen Inc. of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| 286.92€ ( 0.83%) | 284.55€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMG.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 294.02 | 3.33% |
| R2 | 291.30 | 2.37% |
| R1 | 289.63 | 1.78% |
| Price | 284.55 | |
| S1 | 284.20 | -0.121% |
| S2 | 282.53 | -0.710% |
| S3 | 279.82 | -1.66% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 293.00 | 2.97% |
| R2 | 288.65 | 1.44% |
| R1 | 287.30 | 0.97% |
| Price | 284.55 | |
| S1 | 281.35 | -1.12% |
| S2 | 277.20 | -2.58% |
| S3 | 256.10 | -10.00% |
AMG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | Jun 07, 2024 | 2.06€ | 0% |
| 2 | Feb 15, 2024 | Feb 15, 2024 | Feb 15, 2024 | 2.25€ | 0% |
| 3 | Nov 16, 2023 | Nov 16, 2023 | Dec 08, 2023 | 2.13€ | 0% |
| 4 | Aug 17, 2023 | Aug 17, 2023 | Aug 17, 2023 | 2.13€ | 0% |
| 5 | May 17, 2023 | May 17, 2023 | May 17, 2023 | 2.13€ | 0% |
FAQ
Click here for our free guide on how to buy Amgen Inc. Stock.
