AMGN stock - Amgen Inc.

Industry: Biotechnology Sector: Healthcare Exchange: NASDAQ

Fri 16'th Nov 2018

PERIOD 2018-08-17 - 2018-11-16
CHANGE 0.90%
PRICE $194.18
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Buy
Request Prediction
0.00%
Predict

Amgen Inc. Stock Analysis

Technical stock analysis for Fri 16'th Nov 2018

Hold candidate since 2018-11-16
Shorts n/a
Cash 41 678.0 mill
Loans 35 342.0 mill
Beta 1.41
ROA 2.98

Amgen Inc. gained 0.90% in the last trading day, rising from $192.45 to $194.18 , 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. The price has been going up and down for this period, and there has been a 3.81% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1.36 million more shares were traded than the day before. In total, 3.84 million shares bought and sold for approximately $746.08 million.

Trend

Amgen Inc. lies in the middle of a wide and 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 -4.22% during the next 3 months and, with 90% probability hold a price between $176.12 and $195.24 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Wednesday November 14, 2018, 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 buysignal 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 $196.38. On a fall, the stock will find some support from the short-term average at $192.75. 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.

The stock had a Golden Star Signal* on Tuesday January 02, 2018 in the medium-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 59 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Amgen Inc. finds support from accumulated volume at $192.79.

Support: $192.79 Price: $194.18 Resistance: $202.34

Risk

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 $3.55 (1.85%) between high and low. For the last week, the stock has had a daily average volatility of 2.20%.

Our recommended stoploss: $183.76 (-5.37%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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 for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

AMGN $194.18 $1.73(0.90%)
AMGN is up $1.73 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for AMGN based on the 1-3 month system that more than doubles the S&P 500.

Click here – the AMGN analysis is free »

Last donation

Do you find our website useful too?
Help us improve by making a small donation or
Get PRO features

Proudly made at


in partnership with