Amgen (Mexico) Technical Analysis

AMGN Stock  MXN 4,732  122.00  2.65%   
As of the 28th of March, Amgen shows the risk adjusted performance of 0.0297, and Mean Deviation of 0.5771. Amgen Inc technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for Amgen Inc, which can be compared to its rivals. Please confirm Amgen Inc variance, treynor ratio, and the relationship between the standard deviation and information ratio to decide if Amgen Inc is priced correctly, providing market reflects its regular price of 4732.0 per share.

Amgen Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Amgen, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Amgen
  
Amgen's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Amgen technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Amgen technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Amgen trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Amgen Inc Technical Analysis

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The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Amgen Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Amgen Inc Trend Analysis

Use this graph to draw trend lines for Amgen Inc. You can use it to identify possible trend reversals for Amgen as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Amgen price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Amgen Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Amgen Inc applied against its price change over selected period. The best fit line has a slop of   6.68  , which may suggest that Amgen Inc market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1689510.94, which is the sum of squared deviations for the predicted Amgen price change compared to its average price change.

About Amgen Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Amgen Inc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Amgen Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Amgen Inc price pattern first instead of the macroeconomic environment surrounding Amgen Inc. By analyzing Amgen's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Amgen's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Amgen specific price patterns or momentum indicators. Please read more on our technical analysis page.

Amgen March 28, 2024 Technical Indicators

Most technical analysis of Amgen help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Amgen from various momentum indicators to cycle indicators. When you analyze Amgen charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
When determining whether Amgen Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Amgen's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Amgen Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Amgen Inc Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amgen Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Complementary Tools for Amgen Stock analysis

When running Amgen's price analysis, check to measure Amgen's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Amgen is operating at the current time. Most of Amgen's value examination focuses on studying past and present price action to predict the probability of Amgen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amgen's price. Additionally, you may evaluate how the addition of Amgen to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Amgen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amgen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amgen's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.