AMGN - Amgen Inc.

Industry: Biotechnology Sector: Healthcare Exchange: NASDAQ

AMGN - Amgen Inc.

Industry: Biotechnology Sector: Healthcare Exchange: NASDAQ
#1558()/7615

Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE 0.76%
PRICE $202.34
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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Amgen Inc. Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Buy candidate since 2018-08-10 Gain 4.07%
Shorts 5.28% ( 2018-08-31 )
Cash 83 029.0 mill
Loans 71 118.0 mill
Beta 1.41
ROA 3.17

Amgen Inc. gained 0.76% in the last trading day, rising from $200.81 to $202.34 , and has now gained 3 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. The price has risen in 7 of the last 10 days and is up by 2.85% 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, 0.09 million more shares were traded than the day before. In total, 1.98 million shares bought and sold for approximately $400.33 million.

Trend

Amgen Inc. lies in the middle of a weak 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 8.08% during the next 3 months and, with 90% probability hold a price between $213.05 and $224.31 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

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 $201.16 and $197.94. A break down below any of these levels will issue sell signals. 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. A sales signal was issued from a pivot top point on Thursday September 13, 2018, which indicates further falls until a new bottom pivot has been found.

The stock had a Golden Star Signal* on Tuesday January 02, 2018 in the mediumterm chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 57 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Amgen Inc. finds support from accumulated volume at $196.55.

Support: $196.55 Price: $202.34 Resistance: $202.50

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 $4.67 (2.34%) between high and low. For the last week, the stock has had a daily average volatility of 1.81%.

Our recommended stoploss: $194.09 (-4.08%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

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.

Buy Candidate

Click for Top 5 Buy Candidates
AMGN $202.34 $1.53(0.76%)
AMGN is up $1.53 today, but where's it headed in October?
Zacks Investment Research is releasing its prediction for AMGN based on the 1-3 month system that more than doubles the S&P 500.

Click here – the AMGN analysis is free »
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