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Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AMGN
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Amgen Inc. stock upgraded to Hold/Accumulate.
(Updated on Mar 18, 2024)

Hold candidate since Mar 18, 2024 PDF

The Amgen Inc. stock price gained 0.755% on the last trading day (Monday, 18th Mar 2024), rising from $268.87 to $270.90. During the last trading day the stock fluctuated 1.62% from a day low at $269.21 to a day high of $273.58. The price has fallen in 6 of the last 10 days and is down by -3.04% for this period. Volume fell on the last day by -5 million shares and in total, 4 million shares were bought and sold for approximately $972.84 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $268.46 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.27% during the next 3 months and, with a 90% probability hold a price between $248.93 and $289.23 at the end of this 3-month period.

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AMGN Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 0.755%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Amgen Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $273.28 and $288.97. A break-up above any of these levels will issue buy signals.

Support, Risk & Stop-loss for Amgen Inc. stock

Amgen Inc. finds support from accumulated volume at $268.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $4.37 (1.62%) between high and low. For the last week, the stock has had daily average volatility of 1.86%.

Our recommended stop-loss: $256.13 (-5.45%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (AMGN) For The Upcoming Trading Day Of Tuesday 19th

For the upcoming trading day on Tuesday, 19th we expect Amgen Inc. to open at $271.23, and during the day (based on 14 day Average True Range), to move between $265.07 and $276.73, which gives a possible trading interval of +/-$5.83 (+/-2.15%) up or down from last closing price. If Amgen Inc. takes out the full calculated possible swing range there will be an estimated 4.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $268.87 (0.75%) than the resistance at $273.83 (1.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Amgen Inc. stock A Buy?

Amgen Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.031 Hold/Accumulate Upgraded

Predicted Opening Price for Amgen Inc. of Tuesday, March 19, 2024

Fair opening price March 19, 2024 Current price
$271.23 ( 0.122%) $270.90

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AMGN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 275.60 1.73 %
R2 273.93 1.12 %
R1 272.90 0.738 %
Current price: 270.90
Support S1 269.56 -0.493 %
S2 268.53 -0.87 %
S3 266.87 -1.49 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 295.87 9.22 %
R2 294.85 8.84 %
R1 273.83 1.08 %
Current price 270.90
Support S1 268.87 -0.749%
S2 0 .
S3 0 .

AMGN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 06, 2024 May 16, 2024 Jun 07, 2024 $2.25 0.83%
2 Dec 12, 2023 Feb 16, 2024 Mar 07, 2024 $2.25 0.82%
3 Dec 12, 2023 Feb 15, 2024 Mar 07, 2024 $2.25 0.82%
4 Oct 24, 2023 Nov 16, 2023 Dec 08, 2023 $2.13 0.791%
5 Aug 01, 2023 Aug 17, 2023 Sep 08, 2023 $2.13 0.82%

FAQ

What is the symbol for Amgen Inc. Stock and on which exchange is it traded?
The symbol for Amgen Inc. is AMGN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Amgen Inc. Stock?
Amgen Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Amgen Inc. Stock?
Amgen Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Amgen Inc. Stock.

What's the current price of Amgen Inc. Stock?
As of the end of day on the 2024-03-18, the price of an Amgen Inc. (AMGN) share was $270.90.

What is the 52-week high and low for Amgen Inc. Stock?
The 52-week high for Amgen Inc. Stock is $329.72 and the 52-week low is $211.73.

What is the market capitalization of Amgen Inc. Stock?
As of the 2024-03-18, the market capitalization of Amgen Inc. is 145.18B.

When is the next earnings date for Amgen Inc.?
The upcoming earnings date for Amgen Inc. is Apr 25, 2024.
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About Amgen Inc.

Amgen. Amgen Inc. discovers, develops, manufactures, and delivers human therapeutics worldwide. It focuses on inflammation, oncology/hematology, bone health, cardiovascular disease, nephrology, and neuroscience areas. The company's products include Enbrel to treat plaque psoriasis, rheumatoid arthritis, and psoriatic arthritis; Neulasta that reduces the chance of infection due a low white blood cell count in patients cancer; Prolia to treat postmenopaus... AMGN Profile

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