RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AMGN
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Amgen Inc. stock price down 0.692% on Thursday
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Loss -0.69% PDF

The Amgen Inc. stock price fell by -0.692% on the last day (Thursday, 28th Mar 2024) from $286.30 to $284.32. During the last trading day the stock fluctuated 1.52% from a day low at $284.21 to a day high of $288.54. The price has risen in 7 of the last 10 days and is up by 4.71% over the past 2 weeks. Volume has increased on the last day by 29 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $649.63 million.

The stock 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 -12.12% during the next 3 months and, with a 90% probability hold a price between $230.96 and $262.13 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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AMGN Signals & Forecast

The Amgen Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $279.91 and $280.60. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 5.75%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Amgen Inc. stock

Amgen Inc. finds support from accumulated volume at $273.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $4.33 between high and low, or 1.52%. For the last week the stock has had daily average volatility of 1.54%.

Our recommended stop-loss: $274.67 (-3.40%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (AMGN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Amgen Inc. to open at $285.69, and during the day (based on 14 day Average True Range), to move between $279.12 and $289.52, which gives a possible trading interval of +/-$5.20 (+/-1.83%) up or down from last closing price. If Amgen Inc. takes out the full calculated possible swing range there will be an estimated 3.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $273.83 (3.69%) than the resistance at $294.85 (3.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Amgen Inc. stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 2.224 Buy Candidate Unchanged

Predicted Opening Price for Amgen Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$285.69 ( 0.482%) $284.32

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AMGN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 290.02 2.00 %
R2 288.37 1.42 %
R1 287.34 1.06 %
Current price: 284.32
Support S1 284.04 -0.0999 %
S2 283.01 -0.459 %
S3 281.36 -1.04 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 316.07 11.17 %
R2 295.87 4.06 %
R1 294.85 3.70 %
Current price 284.32
Support S1 273.83 -3.69%
S2 272.86 -4.03%
S3 268.87 -5.43%

AMGN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 06, 2024 May 16, 2024 Jun 07, 2024 $2.25 0.791%
2 Dec 12, 2023 Feb 16, 2024 Mar 07, 2024 $2.25 0.82%
3 Dec 12, 2023 Feb 15, 2024 Mar 07, 2024 $2.25 0.82%
4 Oct 24, 2023 Nov 16, 2023 Dec 08, 2023 $2.13 0.791%
5 Aug 01, 2023 Aug 17, 2023 Sep 08, 2023 $2.13 0.82%

FAQ

What is the symbol for Amgen Inc. Stock and on which exchange is it traded?
The symbol for Amgen Inc. is AMGN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Amgen Inc. Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Amgen Inc. Stock?
Amgen Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Amgen Inc. Stock.

What's the current price of Amgen Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Amgen Inc. (AMGN) share was $284.32.

What is the 52-week high and low for Amgen Inc. Stock?
The 52-week high for Amgen Inc. Stock is $329.72 and the 52-week low is $211.73.

What is the market capitalization of Amgen Inc. Stock?
As of the 2024-03-28, the market capitalization of Amgen Inc. is 152.372B.

When is the next earnings date for Amgen Inc.?
The upcoming earnings date for Amgen Inc. is Apr 25, 2024.
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About Amgen Inc.

Amgen. Amgen Inc. discovers, develops, manufactures, and delivers human therapeutics worldwide. It focuses on inflammation, oncology/hematology, bone health, cardiovascular disease, nephrology, and neuroscience areas. The company's products include Enbrel to treat plaque psoriasis, rheumatoid arthritis, and psoriatic arthritis; Neulasta that reduces the chance of infection due a low white blood cell count in patients cancer; Prolia to treat postmenopaus... AMGN Profile

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