Amgen Inc. Forecast and Stock Analysis
Technical AMGN stock analysis for February 15, 2019.
Amgen Inc. gained 0.89% in the last trading day, rising from $186.68 to $188.34 The price has risen in 6 of the last 10 days and is up by 0.68% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.68 million more shares were traded than the day before. In total, 3.25 million shares bought and sold for approximately $611.58 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the AMGN stock was $188.34. This is 0.89% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.67% from a day low at $185.99 to a day high of $189.10.
30 day high of the AMGN stock price was $204.33 and low was $179.65.
90 day high was $208.99 and low was $178.29.
52 week high for the Amgen Inc. - $210.19 and low - $163.31.
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 -3.09% during the next 3 months and, with 90% probability hold a price between $169.12 and $196.48 at the end of this period.
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 $193.58. On a fall, the stock will find some support from the short-term average at $186.92. 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. A sales signal was issued from a pivot top point on Wednesday February 13, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 44 and the stock is currently not being overbought or oversold
Support & Resistance
Amgen Inc. finds support from accumulated volume at $188.31.
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 $3.11 (1.67%) between high and low. For the last week, the stock has had a daily average volatility of 1.18%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Amgen Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.