Amgen near highs as the signal cools
Amgen stock climbs 5.8% near highs as the Buy signal cools in week 10
Our view last week
Amgen stock closes the week up a modest 1%, still hugging its all-time highs, just a hair from resistance in the 422 area. On the daily chart the trend is gaining conviction — ADX climbs to 39 with buyers commanding 85% of volume — while on the weekly, the buy signal's strength cools to 20 out of 100. This week's Amgen technical analysis paints a mature picture: the highs have been tested repeatedly, and entry only makes sense on a pullback.
This week's summary
Amgen stock closes the week up 5.8%, powered by buyers commanding nearly 90% of daily volume and a bullish engulfing candle in the latest session. The shares remain just below their all-time highs, but the Buy signal is now in its tenth week and signal strength has cooled to 20 out of 100: the trade sits at +23.69%, and the model is flagging the first trim.
IQS Phase
79
in tension
Signal Strength
20
low · fading
Sizing
MINIMUM
Ranking
#162 / 167
US stocks in progress
Trade P&L %
+23.69%
from signal to date, no stop loss
Rank position
ranks 162nd among the 167 Longs already running for US stocks in our ranking, with a signal strength of 20 out of 100.
Sector context
SectorHealth Care
Benchmark ETFXLV
Sector regimein strong phase
Performanceweekly +4.33% · monthly +9.53%
AMGN belongs to the health care sector (reference ETF XLV). The sector is classified in strong phase according to our weekly reading.
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