Is Amgen, Inc. technically bullish or bearish?

As of 24 October 2025, the technical trend for Amgen, Inc. has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven by the daily moving averages and the KST, which are both bearish. The MACD shows a conflicting mildly bullish signal on the weekly chart but is mildly bearish on the monthly chart. The Dow Theory indicates a mildly bullish stance on the weekly timeframe but is also mildly bearish monthly.
In terms of performance, Amgen's returns have lagged behind the S&P 500 across multiple periods, with a year-to-date return of 11.94% compared to the S&P 500's 15.47%, and a one-year return of -7.58% versus the S&P 500's 16.90%. Overall, the mixed signals suggest caution in the current market environment.