Fri 20'th Jul 2018
Amgen Inc. Stock Analysis
Technical stock analysis for Fri 20'th Jul 2018
|Shorts||3.00% ( 2018-06-29 )|
|Cash||122 256.0 mill|
|Loans||106 180.0 mill|
Amgen Inc. fell by -0.66% in the last day from $191.76 to $190.49 and has now fallen 6 days in a row. The price has fallen in 6 of the last 10 days and is down by -0.27% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.24 million shares and in total 2.25 million shares bought and sold for approximately $429.00 million.
Amgen Inc. lies in the middle of a 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 14.07% during the next 3 months and, with 90% probability hold a price between $214.38 and $228.83 at the end of this period.
Amgen Inc. holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $193.41. On a fall, the stock will find some support from the long-term average at approximately $187.47. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday July 13, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 64 and the stock is currently not being overbought or oversold
Support & Resistance
Amgen Inc. finds support from accumulated volume at $185.15.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.99 (1.05%) between high and low. For the last week, the stock has had a daily average volatility of 1.23%.
Our recommended stoploss: $181.25 (-4.85%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 5 days ago.)
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.Click for Top 5 Buy Candidates
|AMGN $190.49 $-1.27(-0.66%)|
AMGN is down $1.27 today, but where's it headed in August?
|Zacks Investment Research is releasing its prediction for AMGN based on the 1-3 month system that more than doubles the S&P 500.
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