Uptrend Under Pressure 100
Institutional selling is building — 7 distribution days in the last 25 sessions. Severe risk · 100/100 · 7 distribution days (SPY) Oct 26 Full briefing →
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AMGN · Amgen Inc.

$444.63 +1.22% Oct 26 close
Detected setup Cup & Handle · Setup Score 80/100

Stand aside — setup invalidated

Setup score 80, but distribution days reach 5 or more — stand aside until the condition resets.

1 independent risk warning also present. Review before relying on the bullish setup.

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$AMGN

Amgen Inc.

Amgen Inc. is a mega-cap Biotechnology company in the Health Technology sector with a market cap of $240B.

Health Technology Biotechnology stock Stage 2 · Advancing Base 3+
$444.63 latest close
Market Structure
Trend structure: uptrend
Latest event: bos (bullish)
Support 356.50–359.45 · 7 touches · strong
Support 343.05–346.38 · 6 touches · strong
Support 318.21–321.71 · 5 touches · strong
Support 337.49–338.49 · 3 touches · moderate
Support 334.05–335.06 · 3 touches · moderate
Join to Watchlist $AMGN Share card
Verdict · setup score 80/100 · data Oct 26 close · latest session

Stand aside — setup invalidated

Setup score 80, but distribution days reach 5 or more — stand aside until the condition resets.

Review six verdicts Inspect chart
Recent price action · daily
$400$450AugSepOct$445

What would change this verdict

What needs to turn for this to become buyable — the top failing checks across the legend council:

  • Minervini 2. Quarterly EPS growth ≥ 25% — From SEPA scan
  • Minervini 2. ROE ≥ 17% — From SEPA scan
  • O'Neil A: Annual earnings & revenue quality — Rev +10.0%
  • O'Neil M: Market in confirmed uptrend — Market phase: uptrend_under_pressure
  • Weinstein Volume expansion above average — Volume ratio 0.73x
  • Weinstein Weekly price coiling (Stage 2 consolidation) — Tightening weekly range confirms base
Minority view — the council disagrees here
  • Minervini: watch Trend-template read: 9/12 pass; wait for the soft misses to improve.
  • O'Neil: watch CANSLIM read: 4/8 pass; improvement is still needed.
  • Weinstein: watch Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.
67 Strong
Legend Score · rates the stock Strong (67/100) — held back by quality (smr-like)

Our proprietary 0-100 rating — the answer to Wall Street's black-box scores. Five pillars, each computed from real scan data, each explained below in plain English.

  • Relative Strength (25%) 88
  • Trend Template (25%) 100
  • Institutional Footprint (20%) 39
  • EPS Growth (15%) 50
  • Quality (SMR-like) (15%) 30

RS rank 87: beating most of the market. Trend template 8/8: price above rising 50/150/200-day lines — textbook uptrend structure. Institutional score 39: mild distribution — sellers active. No recent earnings growth data — scored neutral. Quality 30: weak fundamentals (sales growth 30). Updated 2026-10-27.

Earnings

Pre-earnings setup

Next earnings Monday, November 2, 2026 After market close Exact clock time not supplied by source

Deterministic evidence

AMGN+1.22%
Sector proxy · XLV+0.00%
Broad market · SPY+0.71%
Same completed session window ending 2026-10-26. AMGN was +1.22 points vs XLV. +0.51 points vs SPY.
CatalystPending Stock reactionPositive Sector reactionWeak Opening surgePending Event riskEarnings-driven

Session internals Mixed

Rule: direction and internals disagree — it met neither the strong nor the weak rule. Judged on internals, not on the size of the move.

Vs prior close+1.22% From the open-0.06% Range position50% GapNo gap
QQQ confirmationConfirming (+1.11%) SMH confirmationConfirming (+2.74%)
Short-term conviction -1 points.
  • A sourced earnings report is still pending inside the risk window; ordinary technical conviction is reduced until it is out.
Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.

Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.

Price $444.63 +1.2% Oct 26 close
52W High $450.98 1.4% below high
Wks Since High 0w
Base Depth 3.1%
RS Rank 71 percentile of scan
SMA 50 $417.85
Avg Vol 2,803,618
Rel Vol (Oct 26) 0.73× 0.67× on up days
More stats
52W Low $288.00
Tight Wks 0
Base B3
SMA 200 $372.18
RS Line vs High -0.8%
RS Line Slope +4.8% ▲
Group Rank #10/66
ADR% 2.3%
ATR(14) $11.11 (2.5%)
Vol Pace (live) N/A
A/D Days 14A / 10D
A/D Rating A
VDU Bars 0/10 d
Power Trend 6d
Earnings in 6d
Position in 52-week range 96thpercentile of the 52-week range
$288.00low
$450.98high

AMGN Chart

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Technical Analysis Report Card

$AMGN · $444.63 · as of 2026-10-26 · multi-factor read
96
/ 100
Technicals 96/100
Reference read from price & volume only — the verdict at the top of the page decides the action.

Trend · Daily / Weekly / Monthly

Daily ▲ Uptrend
Weekly ▲ Uptrend
Monthly ▲ Uptrend

Moving Averages

50-day$417.85 ↑
100-day$394.03 ↑
200-day$372.18 ↑
Bullish (50 > 200)

RSI (14)

Reading63.1 · Bullish

Bullish momentum — comfortably in buyer territory.

MACD (12/26/9)

StateBullish
Histogram+2.629

Bullish — MACD above its signal line and above zero. Histogram contracting.

Bollinger Bands (20,2)

%B / Width88% · 13.8%

Near the upper band — buyers in control.

Volume · Buyer vs Seller

Up/Down vol0.67 · Distribution
Rel volume0.73×
Pocket pivots · 10d1
5d vs 50d vol87%
Heavy vol up / down1 / 0

Distribution — volume is concentrated on down days; sellers dominate. Recent volume is easing versus its baseline.

  • Pocket pivot 2 sessions ago — up-day volume beat every down day of the prior 10 sessions.
  • 1 heavy-volume up day vs 0 down in the last 20 sessions.

Support & Resistance

R · $446.42swing level
Price · $444.63now
S · $396.01swing level
S · $374.46swing level
S · $353.95swing level

Fibonacci · Uptrend swing

23.6%$420.30
38.2%$401.31
50.0%$385.97
61.8%$370.63
78.6%$348.78

Retracement support zones measured from the recent swing low up to the high.

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Daily uptrendWeekly uptrendMonthly uptrendAbove 200-day MA50/200 bullishVolume distribution
Want this read in a legend's voice? Ask a Legend about AMGN
Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts 6 methodology checks

Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.
How to read the numbers: the setup score (80/100, in the verdict band) rates this trade setup. Each legend's A–D grade rates the same setup against that legend's own checklist — so a high score next to a C grade is not a contradiction. The setup can be strong without fitting that legend's style. When the council disagrees, the verdict band breaks the tie.

Council consensus: 9 of 9 legends are Watching — building, not yet a confirmed buy.
Minervini Watch B Trend-template read: 9/12 pass; wait for the soft misses to improve.

partialEnter on break of $442.20 pivot with stop at $422.62 (risk 4.4%). SEPA Grade C (3/7).

Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $444.63, MA150 $376.30, MA200 $372.18
1.2 150-day MA > 200-day MAMA150 $376.30 vs MA200 $372.18
Failing evidence
2. Quarterly EPS growth ≥ 25%From SEPA scan
2. ROE ≥ 17%From SEPA scan
9/12 checks
Method → Playbook → Ask →
O'Neil Watch D CANSLIM read: 4/8 pass; improvement is still needed.

mediumCup & Handle still forming in a top industry group — ideal buy point at $442.20 on big volume. CANSLIM 79.

Passing evidence
C: Quarterly EPS acceleration ≥ 25%CANSLIM grade B
L: RS rank ≥ 80 (IBD leadership)RS rank 87
Failing evidence
A: Annual earnings & revenue qualityRev +10.0%
M: Market in confirmed uptrendMarket phase: uptrend_under_pressure
4/8 checks
Method → Playbook → Ask →
Weinstein Watch C Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.

mediumClassic Stage 2 advancing phase — strong weekly trend confirms uptrend. This is Weinstein's sweet spot: buy and hold while price remains above the 30-week MA.

Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
Price above 30-week MA (200-day proxy)Price $444.63 vs MA200 $372.18
Failing evidence
Volume expansion above averageVolume ratio 0.73x
Weekly price coiling (Stage 2 consolidation)Tightening weekly range confirms base
5/7 checks
Method → Playbook → Ask →
dennis Watch C Turtle read: no breakout yet. Price is pressing the 20-day high. The system waits for the print; it never anticipates.
Passing evidence
No breakdown below the 20-day channel20-day low $396.01
Volatility-unit sizing (1N ≈ 1% of equity)1N = $10.55 (2.37% of price); the Turtles size 1 unit so a 1N move ≈ 1% of equity, making the 2N stop ≈ 2% equity risk
Failing evidence
S1: 20-day Donchian breakoutNot confirmed
S2: 55-day Donchian breakoutNot confirmed
5/7 checks
Method → Playbook → Ask →
zanger Watch B Zanger read: the structure is fine but the breakout quality is not there yet — wait for 150%+ volume on the break.

partialZanger would buy the Cup & Handle breakout only with 150-200% volume, never more than 5% above the breakout point, with a 2-3% stop set at entry. His edge over O'Neil is the exit plan: sell 20-30% of the position at +15-20%, then trail the rest on the 10/20-day moving average.

Passing evidence
Named Zanger pattern onlyCup & Handle
Not extended (≤5% above the breakout point)Measured as passing
Failing evidence
Breakout volume 1.5-2.0x averageData unavailable
5/6 checks
Method → Playbook → Ask →
zweig Watch D Zweig read: part of his screen passes but not all: Insider buying — wait for the full growth screen before treating this as a Zweig setup.
Passing evidence
Reasonable price for the growth (P/E ≤ 35)Trailing P/E 31.2x — no PEG or forward P/E stored
Price strength (RS ≥ 70)RS score 87 — Zweig buys strength, not bargains
Failing evidence
Insider buyingNo insider buying flagged
Monetary conditions: don't fight the FedFed series stored but too thin to read direction
4/8 checks
Method → Playbook → Ask →
Livermore Watch B Pivotal-point read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$444.63
Relative strengthRS 87
Failing evidence
Volume vs average0.73x
Pivotal point cleared on expanding volumeNot confirmed
4/6 checks
Method → Playbook → Ask →
Darvas Watch B Box-theory read: constructive evidence is present, but volume vs average is unresolved.

mediumStock is at the top of its box — Darvas would wait for a decisive breakout on volume.

Passing evidence
Price$444.63
Relative strengthRS 87
Failing evidence
Volume vs average0.73x
Box top broken on heavy volumeNot confirmed
4/6 checks
Method → Playbook → Ask →
Wyckoff Watch B Supply-and-demand read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$444.63
Relative strengthRS 87
Failing evidence
Volume vs average0.73x
Sign of Strength confirmed on expanding volume0.73x average volume — needs ≥1.4x
4/6 checks
Method → Playbook → Ask →
Base & Breakout
Breakout follow-through

No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?

Latest candle: Doji — Open and close nearly equal — indecision. After a strong move it can signal a pause or pending reversal; wait for confirmation.

Unlock Base & Breakout Tracking
RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH ▲ Rising
137RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net +9 A
A: 20 D: 11 Net: +965 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 3/7 met
C 3/7 criteria
Separate score from the Minervini Trend Template (8/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
✗ EPS acceleration ≥25% QoQ —
✗ Revenue growth ≥20% YoY +10%
✗ Gross margin ≥30% —
✗ ROE ≥17% —
✓ RS rating ≥80 (leadership) 87
✓ Stage 2 uptrend (Weinstein) Stage 2
✓ Within 25% of 52W high -1.4%

Method Playbook

Trade it like Zweig EXACT LEVELS · PRO
Zweig D · Watch — The deterministic methodology check is Watch; wait for the failing or incomplete criteria to improve before the trigger can qualify.
Pivot
Pro level
Published-method rule: Use the stock's recent consolidation high — Zweig buys strength in screened growers, not breakdowns.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Buy only when the growth screen passes: EPS growth above the market, PEG ≤ 1.5 (reasonable for the growth), insider buying, and RS leadership.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Define the loss before entry — Zweig's risk rule. Sell when the growth story breaks: earnings decelerate or the valuation stretches past reason.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Hold winners as long as earnings keep growing and the price holds its trend; sell half on a climax run.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Exit when EPS growth falls below the market, the PEG stretches past reason, insiders stop buying — or the Super Model flips the market to defensive.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →

Pattern Analysis

Cup & Handle ⚠ Volatility widening into breakout ⚠ Late-stage base (#4)
80 setup score
RS Score 87
Trend template 8/8 ✓
CANSLIM 79.2* (B)
15.1% cup depth 3.2% handle 3 sessions since breakout
  • Cup 15.1% deep from a $441.17 left rim to a $374.46 low
  • Rims 0.1% apart (ideal, within 10%)
  • Handle pulled back 3.2% over 1 bar from $438.82 to $424.74
  • Handle sits in the upper half of the cup
  • Rounded U-shaped bottom
  • Pivot $441.76 fixed at the handle high
  • Breakout: 3 bars since the first close above the pivot
  • Handle volume did not dry up
Raw detector evidence · confidence is a heuristic match score, not a probability depth=15.1%, handle_pb=3.2%, lips_diff=0.1%, upper_half=yes, u_shape=yes, near_pivot=yes, orderly=yes | Strong trend (8/8) | Top RS (87) | High-confidence pattern (80%) | Power Trend | Stage 2 | Readiness 73/100 (watch) | CANSLIM 79.2 (B) | ⚠ Volatility widening into breakout; Late-stage base (#4) setup_key=cup_handle|2026-09-16|2026-10-15|441.76 · cup_handle/2026-10-03 anchors={"bottom": {"bar": 41, "bars_ago": 28, "date": "2026-09-16", "price": 374.46}, "breakout": {"bar": 67, "bars_ago": 2, "date": "2026-10-22", "price": 447.28}, "handle_high": {"bar": 63, "bars_ago": 6, "date": "2026-10-16", "price": 438.82}, "handle_low": {"bar": 64, "bars_ago": 5, "date": "2026-10-19", "price": 424.74}, "left_lip": {"bar": 23, "bars_ago": 46, "date": "2026-08-20", "price": 441.174}, "right_lip": {"bar": 62, "bars_ago": 7, "date": "2026-10-15", "price": 441.76}}
Why This Setup? D+W Confluence
cup handle Cup & Handle · schematic

depth=15.1%, handle_pb=3.2%, lips_diff=0.1%, upper_half=yes, u_shape=yes, near_pivot=yes, orderly=yes | Strong trend (8/8) | Top RS (87) | High-confidence pattern (80%) | Power Trend | Stage 2 | Readiness 73/100 (watch) | CANSLIM 79.2 (B) | ⚠ Volatility widening into breakout; Late-stage base (#4)

Ask a Legend ▾
The Universal Edge Check · context only

What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.

4/7 universals met
  • Clear of earnings — not met in 6 days — event risk
  • A relative-strength leader — partly met RS rank 71 — middling
  • Volume confirms — partly met 0.7× average — light
  • Asymmetric reward — met Met — levels are a Pro detail
  • In a confirmed uptrend — met Stage 2 · Trend template 8/8
  • Not chasing (in range) — met Met — levels are a Pro detail
  • Risk is defined — met Met — levels are a Pro detail
Why these seven? → The Universal Edge

Minervini Trend Template

8/8 ✓

Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.

Price above SMA 150 & 200 $444.63 vs SMA150 $376.30 / SMA200 $372.18
SMA 150 above SMA 200 SMA150 $376.30 vs SMA200 $372.18
SMA 200 trending up Slope +9.53 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $417.85
Price above SMA 50 $444.63 vs SMA50 $417.85
30%+ above 52-week low +54.4% from $288.00
Within 25% of 52-week high -1.4% from $450.98
RS score above 70 RS 87

Fundamentals

52W Range
96%
Mkt Cap SEC
240.4B
Rev YoY
+10%
EPS TTM
$14.23
P/E TTM
31.2x
Float
541M
Insider
No Buy

Company

Company profile
Amgen Inc.
AMGN · NASDAQ · Health Technology · Biotechnology
Track all markets on TradingView
O'Neil · Grade Card
CANSLIM — current EPS, annual EPS, new highs, supply, leader RS, inst. sponsorship, market
B 79.2* CANSLIM * disqualified on M
C · Curr. EPS
100
A · Annual EPS
67
N · New Highs
100
S · Supply/Demand
70
L · Leader RS
87
I · Inst. Spons.
96
M · Market
30

Weekly Context

Multi-timeframe signals from weekly bars
W. Trend
8/8
W. RS
88
W. Support
$320.52
W. Resist
$450.98
W. Patterns
Cup & Handle
Weekly Structure

Scan History

20× streak
Oct 23: 80 (Darvas Box)Oct 23: 82 (Darvas Box)Oct 26: 80 (Cup & Handle)Oct 27: 80 (Cup & Handle)80
Oct 27
Cup & Handle ✓ Gate
80
Oct 26
Cup & Handle ✓ Gate
80 0.0%
Oct 23
Darvas Box ✓ Gate
82 +1.2%
Oct 23
Darvas Box ✓ Gate
80 +1.2%

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