Previous Hold Today AMGN ranks #1499 as HOLD CANDIDATE #1499 Next Hold

Amgen Inc. stock forecast

AMGN stock forecast

Friday June 14, 2019 Change -0.36% Price $176.08
Chart period: 2019-03-15 - 2019-06-14
VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Social Sentiment for AMGN

Today's data is from 2 opinions on StockTwits provided by IEX Cloud.
Bullish vs. Bearish opinions
100%
0%
Weighted Sentiment 0.00

Will AMGN stock price go up or down on Mon, 17 Jun 2019?

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Amgen Inc. Forecast and Stock Analysis

Technical AMGN stock analysis for Friday June 14, 2019.

Hold candidate since 2019-06-05 Gain 0.88%


Amgen Inc. fell by -0.36% in the last day ( Friday, 14th Jun 2019 ) from $176.71 to $176.08 During day the stock fluctuated 1.34% from a day low at $175.55 to a day high of $177.90. The price has risen in 6 of the last 10 days and is up by 5.63% over the past 2 weeks. 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 -0.05 million shares and in total 1.59 million shares bought and sold for approximately $280.04 million.

Quick summary:

  • 30 day high of the AMGN stock price was $177.90 and low was $166.30.
  • 90 day high was $196.87 and low was $166.30.
  • 52 week high for the Amgen Inc. - $210.19 and low - $166.30.

Trend

Amgen Inc. lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $176.31 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -12.53% during the next 3 months and, with 90% probability hold a price between $138.53 and $154.22 at the end of this period.

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Signals

Amgen Inc. holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $175.51 and $173.19. A break down below any of these levels will issue sell signals. 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 Thursday June 13, 2019, 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.

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Relative Strength Index (RSI)

RSI14 is 63 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 $174.73.

Support: $174.73 Price: $176.08 Resistance: $176.14

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 $2.35 (1.34%) between high and low. For the last week, the stock has had a daily average volatility of 1.39%.

Our recommended stoploss: $168.89 (-4.09%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

1.39 %

Average volatility

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.

Hold/Accumulate Upgraded
Previous Hold Today AMGN ranks #1499 as HOLD CANDIDATE #1499 Next Hold

Will AMGN stock price go up or down on Mon, 17 Jun 2019?

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