Bullish vs. Bearish (2 opinions)
Social Sentiment 0.00
AMGN Forecast and Technical Stock Analysis
Hold candidate since 2019-09-20 PDF
Amgen Inc. gained 0.66% in the last trading day ( Friday, 20th Sep 2019 ), rising from $195.65 to $196.94 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.82% from a day low at $195.75 to a day high of $199.32. The price has fallen in 6 of the last 10 days and is down by -5.19% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 4.55 million more shares were traded than the day before. In total, 6.02 million shares bought and sold for approximately $1 185.71 million.
- 30 day high of the AMGN stock price was $210.97 and low was $193.26.
- 90 day high was $211.90 and low was $173.12.
- 52 week high for Amgen Inc. - $211.90 and low - $166.30.
Amgen Inc. lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.18% during the next 3 months and, with 90% probability hold a price between $218.40 and $248.58 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday September 12, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Amgen Inc. holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $199.23. On a fall, the stock will find some support from the short-term average at $195.41. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 29 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Amgen Inc. finds support from accumulated volume at $196.25.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.57 (1.82%) between high and low. For the last week, the stock has had daily average volatility of 1.48%.
Our recommended stop-loss: $184.50 (-6.32%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 6 days ago.)
1.48 %Average volatility
Very Low Low Medium High Very High
Amgen Inc. holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
|AMGN $196.94 ($1.29 0.66%)|
AMGN is up $1.29 today, but where's it headed in 2019?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!