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AI Analysis of AMGN
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Green day on Monday for Amgen Inc. stock after gaining 1.11%
(Updated on Apr 22, 2024)

Hold candidate since Apr 19, 2024 Gain 1.11% PDF

The Amgen Inc. stock price gained 1.11% on the last trading day (Monday, 22nd Apr 2024), rising from $268.93 to $271.91. During the last trading day the stock fluctuated 1.22% from a day low at $269.84 to a day high of $273.14. The price has been going up and down for this period, and there has been a 1.01% gain for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 2 million shares were bought and sold for approximately $581.65 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.41% during the next 3 months and, with a 90% probability hold a price between $222.00 and $241.69 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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AMGN Signals & Forecast

There are mixed signals in the stock today. The Amgen Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $273.24. On a fall, the stock will find some support from the short-term average at $266.58. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.49%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Amgen Inc. stock

Amgen Inc. finds support from accumulated volume at $270.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.30 between high and low, or 1.22%. For the last week, the stock has had daily average volatility of 1.80%.

Our recommended stop-loss: $260.04 (-4.36%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (AMGN) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Amgen Inc. to open at $271.63, and during the day (based on 14 day Average True Range), to move between $266.66 and $277.16, which gives a possible trading interval of +/-$5.25 (+/-1.93%) up or down from last closing price. If Amgen Inc. takes out the full calculated possible swing range there will be an estimated 3.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $270.90 (0.37%) than the resistance at $273.83 (0.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Amgen Inc. stock A Buy?

Amgen Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.104 Hold/Accumulate Unchanged

Predicted Opening Price for Amgen Inc. of Tuesday, April 23, 2024

Fair opening price April 23, 2024 Current price
$271.63 ( 0.103%) $271.91

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AMGN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 274.93 1.11 %
R2 273.67 0.647 %
R1 272.89 0.361 %
Current price: 271.91
Support S1 270.37 -0.567 %
S2 269.59 -0.85 %
S3 268.33 -1.32 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 295.87 8.81 %
R2 294.85 8.44 %
R1 273.83 0.706 %
Current price 271.91
Support S1 270.90 -0.371%
S2 268.93 -1.10%
S3 268.87 -1.12%

AMGN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 06, 2024 May 16, 2024 Jun 07, 2024 $2.25 0.83%
2 Dec 12, 2023 Feb 16, 2024 Mar 07, 2024 $2.25 0.82%
3 Dec 12, 2023 Feb 15, 2024 Mar 07, 2024 $2.25 0.82%
4 Oct 24, 2023 Nov 16, 2023 Dec 08, 2023 $2.13 0.791%
5 Aug 01, 2023 Aug 17, 2023 Sep 08, 2023 $2.13 0.82%

FAQ

What is the symbol for Amgen Inc. Stock and on which exchange is it traded?
The symbol for Amgen Inc. is AMGN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Amgen Inc. Stock?
Amgen Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Amgen Inc. Stock?
Amgen Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Amgen Inc. Stock.

What's the current price of Amgen Inc. Stock?
As of the end of day on the Apr 22, 2024, the price of an Amgen Inc. (AMGN) share was $271.91.

What is the 52-week high and low for Amgen Inc. Stock?
The 52-week high for Amgen Inc. Stock is $329.72 and the 52-week low is $211.73.

What is the market capitalization of Amgen Inc. Stock?
As of the Apr 22, 2024, the market capitalization of Amgen Inc. is 145.722B.

When is the next earnings date for Amgen Inc.?
The upcoming earnings date for Amgen Inc. is May 02, 2024.
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