Stronger Sell Today AMGN ranks #4438 as SELL CANDIDATE. Weaker Sell
Today AMGN ranks #4438 as SELL CANDIDATE.

AMGN stock Amgen Inc.

AMGN stock
Amgen Inc.

April 24, 2019
Change -0.81%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Sell
TREND
Hold

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

Will AMGN stock price go up or down on Thu, 25 Apr 2019?

Amgen Inc. Forecast and Stock Analysis

Technical AMGN stock analysis for April 24, 2019.

Sell candidate since 2019-04-11 Loss -7.19%
Shorts n/a
Cash n/a
Loans n/a
Beta 1.17
ROA 11.74

Amgen Inc. fell by -0.81% in the last day from $179.76 to $178.30 The price has fallen in 8 of the last 10 days and is down by -7.61% 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 -0.47 million shares and in total 2.69 million shares bought and sold for approximately $479.88 million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the AMGN stock was $178.30. This is 0.81% less than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 1.44% from a day low at $178.26 to a day high of $180.83.

30 day high of the AMGN stock price was $196.87 and low was $174.87.
90 day high was $202.40 and low was $174.87.
52 week high for the Amgen Inc. - $210.19 and low - $165.22.

Trend

Amgen Inc. is the lower part of a wide and horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $176.31 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend you can expect Amgen Inc. with 90% probability to be traded between $174.92 and $193.59 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Click here for today's Top 5 Trending Companies

Signals

There are few to none technical positive signals at the moment. Amgen Inc. holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $181.94 and $187.86. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday April 23, 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)

The stock currently holds a RSI14 at 25 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Amgen Inc. finds support from accumulated volume at $177.47.

Support: $177.47 Price: $178.30 Resistance: $182.47

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 $2.57 (1.44%) between high and low. For the last week, the stock has had a daily average volatility of 2.70%.

Amgen Inc. is oversold on RSI14 (25). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Stronger Sell Today AMGN ranks #4438 as SELL CANDIDATE. Weaker Sell
Today AMGN ranks #4438 as SELL CANDIDATE.