Bullish vs. Bearish (1 opinions)
Social Sentiment 0.85
AMGN Forecast and Technical Stock Analysis
Buy candidate since 2019-12-09 Gain 1.68% PDF
Amgen Inc. gained 0.32% in the last trading day ( Friday, 13th Dec 2019 ), rising from $235.99 to $236.74 , and has now gained 5 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. During the day the stock fluctuated 1.27% from a day low at $235.14 to a day high of $238.12. The price has risen in 6 of the last 10 days and is up by 0.86% 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, 0.16 million more shares were traded than the day before. In total, 1.97 million shares bought and sold for approximately $466.20 million.
- 30 day high of the AMGN stock price was $238.12 and low was $213.55.
- 90 day high was $238.12 and low was $188.78.
- 52 week high for Amgen Inc. - $238.12 and low - $166.30.
Amgen Inc. lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 25.82% during the next 3 months and, with 90% probability hold a price between $289.04 and $306.79 at the end of this period.
Only positive signals in the chart today. 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 $234.37 and $224.38. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday November 04, 2019, 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 73 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Amgen Inc. finds support from accumulated volume at $234.54.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.98 (1.27%) between high and low. For the last week, the stock has had daily average volatility of 1.21%.
Our recommended stop-loss: $226.91 (-4.15%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 28 days ago.)
1.21 %Average volatility
Very Low Low Medium High Very High
|AMGN $236.74 ($0.75 0.32%)|
AMGN is up $0.75 today, but where's it headed in 2020?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!