Amgen Inc. Stock Analysis
Technical stock analysis for 22 January 2019
|Cash||41 678.0 mill|
|Loans||35 342.0 mill|
Amgen Inc. fell by -0.93% in the last day from $203.88 to $201.98 The price has been going up and down for this period, and there has been a 1.97% gain for the last 2 weeks. Volume has increased in the last day by 0.06 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 3.06 million shares bought and sold for approximately $618.40 million.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the AMGN stock was $201.98. This is 0.93% less than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 1.34% from a day low at $200.78 to a day high of $203.48.
30 day high of the AMGN stock price was $204.33 and low was $178.29.
90 day high was $208.99 and low was $178.29.
52 week high for the Amgen Inc. - $210.19 and low - $163.31.
Amgen Inc. lies in the middle of a wide and 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 2.99% during the next 3 months and, with 90% probability hold a price between $185.63 and $217.96 at the end of this period.
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 $200.48 and $195.12. A break down below any of these levels will issue sell signals. 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 Friday January 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
* 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 60 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $188.10 and $185.98.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Amgen Inc. finds support just below today's level at $188.10. If this is broken, then the next support from accumulated volume will be at $185.98 and $180.21.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.70 between high and low, or 1.34%. For the last week, the stock has had a daily average volatility of 1.75%.
Our recommended stoploss: $194.70 (-3.60%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)
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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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.
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