Weaker Buy Today AMGN ranks #387 as BUY CANDIDATE. Stronger Buy
Today AMGN ranks #387 as BUY CANDIDATE.

AMGN stock Amgen Inc.

AMGN stock
Amgen Inc.

22 January 2019
Change -0.93%
Chart period: 2018-10-23 - 2019-01-22
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Amgen Inc. Stock Analysis

Technical stock analysis for 22 January 2019

Buy candidate since 2019-01-15 Gain 1.30%
Shorts n/a
Cash 41 678.0 mill
Loans 35 342.0 mill
Beta 1.37
ROA 2.98

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.

Trend

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.

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 $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.

The stock had a Golden Star Signal* on Monday November 26, 2018 in the short-term chart.

* 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.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 60 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

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.

Support: $188.10 Price: $201.98 Resistance: $202.93

Risk

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.)

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. 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.

Weaker Buy Today AMGN ranks #387 as BUY CANDIDATE. Stronger Buy
Today AMGN ranks #387 as BUY CANDIDATE.