Weaker Buy Today AMGN ranks #569 as BUY CANDIDATE #569 Stronger Buy

AMGN stock forecast Amgen Inc.

AMGN stock forecast

Friday December 13, 2019 Change 0.32% Price $236.74
Your prediction: Prediction: Request
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell
Bullish vs. Bearish (1 opinions)
100%
0%
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.

Quick summary:

  • 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.
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Trend

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.

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Signals

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.

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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.

Support: $234.54 Price: $236.74

Risk

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

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Weaker Buy Today AMGN ranks #569 as BUY CANDIDATE #569 Stronger Buy
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