Amgen (AMGN) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for AMGN · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$390.02last close · Aug 4, 202652-week range $269.77 – $398.00 · 2.01% below the high

AMGN Falling Wedge Pattern

AMGN is currently forming a falling wedge on the daily timeframe. Detected Aug 4, 2026.

A falling wedge is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $349.23 (+5.7%). Across 8,465 backtested falling wedges, the setup followed through 56.2% of the time, averaging +0.55R; AMGN's own falling wedges have hit 72.2%.

DirectionBullishTarget$349.23Projected move+5.7%Breakout level$330.63

New to this pattern? What a falling wedge is and how to trade it →

AMGN's Most Recent Falling Wedge Trade

AMGN's most recent completed falling wedge resolved as a win: it broke higher on May 20, 2026 near $332.33, then reached its target at $337.73 on Jun 10, 2026 — a +0.48R move (1.6%) over 14 sessions. Across 173 backtested falling wedges, this setup wins 63.0% of the time.

OutcomeWinResult+0.48REntry$332.33Exit$337.73

Learn about falling wedge

How Falling Wedges Have Performed

Win rate
56.2%
Avg return
+0.55R
Backtested trades
8,465
AMGN win rate
72.2%

Historical pattern statistics (2006-08-04 – 2026-08-03), not a prediction.

How these backtests work →

AMGN Pattern Trade History

Every completed pattern trade our nightly backtest found on AMGN's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Falling WedgeMay 20, 2026 @ $332.33Jun 10, 2026 @ $337.73Win+0.48R
TriangleJan 22, 2026 @ $344.80Mar 3, 2026 @ $377.00Win+1.29R
Bullish PennantJan 6, 2026 @ $330.57Mar 3, 2026 @ $377.00Win+4.30R
Falling WedgeOct 1, 2025 @ $284.45Nov 24, 2025 @ $334.30Win+3.40R
Falling WedgeMay 27, 2025 @ $273.70Jul 30, 2025 @ $301.37Win+2.26R
Falling WedgeMay 19, 2025 @ $272.90Jul 30, 2025 @ $301.37Win+2.48R
TriangleMay 13, 2025 @ $269.29Jun 10, 2025 @ $293.43Loss-1.06R
TriangleApr 29, 2025 @ $283.28May 9, 2025 @ $265.86Loss-1.18R
TriangleOct 22, 2024 @ $315.24Nov 14, 2024 @ $293.52Win+1.56R
Rising WedgeSep 24, 2024 @ $330.56Sep 25, 2024 @ $318.58Win+1.39R
TriangleSep 18, 2024 @ $335.81Sep 25, 2024 @ $312.86Loss-1.37R
Rising WedgeAug 5, 2024 @ $326.40Nov 12, 2024 @ $305.38Win+1.45R

AMGN Support and Resistance Levels

Price is being turned away at a ceiling near $395.94 and starting to slide. On the weekly chart, the next floor below sits near $367.74 — about 6% away.

  • Traders commonly watch $367.74 as a target (its 23.6% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on yet — the spot to watch is right at the $395.94 ceiling, where price is testing it now, not out here in the slide. Chasing once price pulls away tends to be worse odds.

Nearest auto-detected support sits near $384.00, resistance near $434.46. These are chart/swing-derived levels, not formula pivots.

Resistance
$434.46$448.72$459.90$519.10
Support
$384.00$363.82$269.77

AMGN Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$380.76$390.92$376.02$390.02
Aug 3, 2026$388.50$391.03$375.96$378.87
Jul 31, 2026$382.00$386.82$379.34$385.16
Jul 30, 2026$379.75$388.41$378.22$387.64
Jul 29, 2026$395.03$397.88$386.58$387.64
Jul 28, 2026$383.25$398.00$382.21$393.10
Jul 27, 2026$378.55$382.28$374.40$376.26
Jul 24, 2026$372.73$379.41$372.16$376.04
Jul 23, 2026$359.98$371.84$359.21$371.50
Jul 22, 2026$369.23$371.00$364.86$366.05

AMGN Frequently Asked Questions

What chart pattern is AMGN forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a falling wedge on Amgen (AMGN) on the daily chart, with a measured-move target of $349.23.
Is a falling wedge bullish or bearish?
The falling wedge detected on AMGN is a bullish pattern, projecting a measured-move target of $349.23. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (8,465 trades over 631 symbols), it resolved in the expected direction 56.2% of the time with an average of +0.55R. These are historical statistics, not a prediction.
What are the support and resistance levels for AMGN?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), AMGN's nearest support is around $384.00 and nearest resistance around $434.46.
What is the price target if AMGN's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $349.23 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was AMGN's closing price on Aug 4, 2026?
Amgen (AMGN) last closed at $390.02 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.