Professional Technical Analysis of AMGN (Amgen Inc.)

Looking at the daily chart of AMGN, here’s the outlook:

📊 Short-Term Outlook (1–4 weeks)
Price Structure: The stock is testing a long-term ascending trendline (blue line). This level has repeatedly acted as strong support since early 2023.
Risk: If buyers fail to defend the trendline, a breakdown could trigger further downside momentum.
Key Support: $270 (trendline + psychological level).
Short-Term Stop Loss: Below $265 on a confirmed daily close.
Short-Term Target: If support holds, a rebound toward $290–300 is likely.

➡️ As long as price stays above $270, the short-term bias favors a bounce.

📊 Long-Term Outlook (2–6 months)
Primary Trend: Long-term uptrend is intact, supported by the ascending trendline since 2022.
Major Support Zone: $265–260 (if broken, the structure weakens significantly).
Long-Term Stop Loss: Below $260 (confirmed close).
Long-Term Targets:
First target: $310 (previous swing highs).
Next target: $330–335 if momentum continues.

➡️ Long-term bullish as long as AMGN respects the $260 support area.

🎯 Summary
Short-Term Trade Idea: Buy near $270 support with a target of $290–300, stop loss at $265.
Long-Term Position: Hold above $260 with upside targets at $310 and $330–335.