Fri 16'th Nov 2018
Amgen Inc. Stock Analysis
Technical stock analysis for Fri 16'th Nov 2018
|Cash||41 678.0 mill|
|Loans||35 342.0 mill|
Amgen Inc. gained 0.90% in the last trading day, rising from $192.45 to $194.18 , 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 been going up and down for this period, and there has been a 3.81% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1.36 million more shares were traded than the day before. In total, 3.84 million shares bought and sold for approximately $746.08 million.
Amgen Inc. 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 -4.22% during the next 3 months and, with 90% probability hold a price between $176.12 and $195.24 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday November 14, 2018, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Amgen Inc. holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $196.38. On a fall, the stock will find some support from the short-term average at $192.75. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 59 and the stock is currently not being overbought or oversold
Support & Resistance
Amgen Inc. finds support from accumulated volume at $192.79.
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 $3.55 (1.85%) between high and low. For the last week, the stock has had a daily average volatility of 2.20%.
Our recommended stoploss: $183.76 (-5.37%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
Very Low Low Medium High Very High
Amgen Inc. holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
|AMGN $194.18 $1.73(0.90%)|
AMGN is up $1.73 today, but where's it headed in 2019?
|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 »