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Amazon

Is Amazon stock trapping retail traders? Is it too late?Historically, Amazon tends to experience a run-up leading into Prime Day, which could add positive momentum to the stock. There are some indications that history might, in fact, repeat itself. The yellow line represents the 6-month anchored VWAP, while the white line shows the July highs anchored VWAP. These VWAPs are crucial as they provide a strong indication of where average buying and selling have occurred over significant time frames, acting as dynamic support or resistance levels. I anticipate strong resistance near the August highs, as this is a level where increased supply could enter the market. To counter this, I am hoping for a tight consolidation or base formation in the $183.22 - $187.50 range, setting up for a powerful upside move. If the price can hold within this range, it could pave the way for a retest of the August high and potentially push further up towards $200 by the end of the year.
NASDAQ:AMZNLong
by MysticMads
RIVIAN 25 COMING.... 🎉 Why Rivian's Stock Price Could Hit $25 🎉 Innovation and Product Appeal: Rivian has been making waves with its innovative electric vehicles like the R1T and R1S. The anticipation around new models and features, like the Gear Guard live cam and Tri-zone climate control, keeps the brand's allure strong among tech-savvy consumers and environmental enthusiasts. The unique selling points of these vehicles could drive demand, positively impacting stock value. Strategic Partnerships and Market Positioning: The relationship with Amazon for electric delivery vehicles positions Rivian as a key player in not just the consumer EV market but also in commercial applications. This could lead to steady order flows and visibility, crucial for investor confidence. Production Scale and Cost Reduction: Rivian's focus on scaling production, especially with the introduction of its in-house Enduro drive unit, aims to reduce costs significantly. As production ramps up, achieving economies of scale could lead to better margins, making the stock more attractive. Investor Sentiment and Analyst Predictions: Despite variations, there's a notable optimism among analysts with a mix of hold and buy ratings, suggesting that many see potential for growth. The consensus price targets around $17.68 with highs up to $28 indicate that reaching $25 isn't far-fetched, especially if Rivian meets its production and innovation goals. Market Expansion and Brand Loyalty: Initiatives like The Good Project, where Rivian vehicles are used for community service, not only enhance brand image but also foster loyalty. Exclusive offers for existing customers to upgrade to newer models could retain and grow the customer base, indirectly supporting stock price through sustained demand. Technological Advancements: Rivian's development of proprietary technology, including its own chips and operating system, could insulate it from supply chain issues and offer competitive advantages. Innovation in software updates like dynamic headlamp leveling shows a commitment to continuous improvement, which could excite investors. Market Sentiment Towards EVs: The broader trend towards electric vehicles continues to gain momentum. As more regions implement policies favoring EVs, companies like Rivian, which are pure-play EV manufacturers, stand to benefit from this shift, potentially driving up stock prices. Financial Health and Investment: While Rivian has significant cash reserves, managing these effectively for growth without excessive dilution could reassure investors. The strategic use of funds for R&D and scaling could pave the way for profitability, a significant milestone for stock valuation.
NASDAQ:RIVNLong
by NYRUNSGLOBAL
MAGS (Roundhill Magnificent Seven ETF)... Time to BUY? YES!!The Roundhill Magnificent Seven ETF offers equal weight exposure to the “Magnificent Seven” stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. MAGS is the first-ever ETF to track the Magnificent Seven. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
MLong
by RT_Money
MAGS (Roundhill Magnificent Seven ETF)... Time to BUY? MAGS (Roundhill Magnificent Seven ETF) Weekly TF shows price has pulled back into the +FVG after displacing above the intermediate swing high, completing an External to Internal move. That high intersects the +FVG nicely as confluence of support. Daily TF shows a Daily +FVG nested within the Weekly +FVG, serving as more confluence of support. The idea here is if the +FVG holds, price will seek the buy side liquidity highlighted. This would be an Internal to External liquidity movement. The local high at **48.00** is nice round number to draw price. **50.00** is the longer term draw on liquidity. *The Roundhill Magnificent Seven ETF offers equal weight exposure to the “Magnificent Seven” stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. MAGS is the first-ever ETF to track the Magnificent Seven.
MLong
by RT_Money
Amazon - Buying Pullbacks & Cyclical High Expected SoonHere is what I am watching on Amazon. -We need to be aware that there is bearish divergence setting up on the quarterly, monthly & weekly charts. HOWEVER, this divergence is not yet confirmed, and is therefore not actionable trade intel at the present moment. We need to monitor these divergences, because if they confirm, they imply significant price moves in Amazon share price. -MAC strategy for the Quarterly, Monthly & Weekly charts remain bullish. Any pullbacks into the bottom of the MAC are BUY opportunities. I do not blindly buy the bottom of the channels, but utilize lower timeframe entry techniques at these levels to trigger into a position. We are still BULLISH Amazon. -Cycles suggest that Amazon could put in a cyclical high any time between now and October 10th, before putting in a major cyclical low at the end of October. I would like to see this play out to provide us with nice buy opportunities at the bottom of the MAC's.
NASDAQ:AMZNLong
by Tradius_Trades
Amazon (AMZN): Swing Trade & Chart Analysis UpdateTwo months ago, we anticipated a pullback to wave (2), and after a brief pump, we saw an immediate sell-off. The fascinating part? Amazon dropped 25% and reversed almost perfectly on the long-held trendline, which hasn’t been adjusted. It's incredible how simple technicals can sometimes work so well. We've now pushed back into the $183-190 range. This could be a relief pump, likely short-lived. While we aren’t ruling out a rise above the current wave (1), we’re leaning toward a flat correction, as wave A was fast. If correct, we should turn soon and continue downward with a 5-wave structure into the 50-78.6% Fibonacci retracement target area. No limit orders yet, but we're setting alerts to better time our entry. 🔥
NASDAQ:AMZNShort
by freeguy_by_wmc
3
AMAZON: Crossed over the 1D MA50, best buy trigger you can getAmazon crossed today over the 1D MA50 for the first time since August 1st and effectively validated the buy signal that was triggered on August 5th at the bottom of the Channel Up. The 1D technical outlook just got over neutral grounds (RSI = 56.780, MACD = 0.060, ADX = 15.410) so being slightly bullish along with the 1D MA50 cross, is the best buy trigger you can get. The MACD pattern is almost the same as on every Channel Up bottom. The rallies that started on those bottoms printed +62.30% and +64.82% rises. We are targeting at another +62.30% rise (TP = 245.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:AMZNLong
by InvestingScope
Amazon Has An Incomplete Five-Wave ImpulseAmazon is trading an in impulsive bullish cycle since the beginning of 2023 and it looks to be unfinished from technical point of view and from Elliott wave perspective, because it needs to be finished by five waves. Recent decline has occurred due to recession fears, but it was in three legs A-B-C, which belongs to a higher degree wave 4 correction, especially if we consider a nice rebound away from the strong trendline connected from 2023 lows. So, watch out on a bullish continuation at the end of 2024 that can send the price back to new all-time highs for wave 5.
NASDAQ:AMZNLong
by ew-forecast
AMZN - Weekly Bearish SignsNASDAQ:AMZN ’s recent price action suggests that the stock may be poised for a further decline. After reaching the top of the long-term channel, Amazon’s price has pulled back and is now facing renewed selling pressure. This technical setup aligns with broader market concerns, particularly in light of recent economic data. The rise in unemployment claims and disappointing PMI data signal growing economic uncertainty, which could weigh on consumer spending and, by extension, Amazon’s revenue. As the market digests this data, the technical weakness in Amazon’s chart could be a precursor to a more significant downturn, especially if economic conditions continue to deteriorate.
NASDAQ:AMZNShort
by Sober_Trading
AMAZON Only a break above the 1D MA50 remains. $240 on sight.Amazon Inc. (AMZN) spent the previous 2 weeks on a very strong recovery of the losses sustained in July - August, in fact those have been the strongest 2-week candles since October 23 - 30 2023. That was the previous bottom of the 2.5 year Channel Up on its Higher Lows trend-line. Even though the stock broke below the 1W MA50 (blue trend-line) for the first time in more than 1 year (May 2023), it managed to hold the long term Support of the 1W MA200 (orange trend-line). As this 1W chart shows, the Higher Lows of this pattern are periodic and cyclical and you can see that clearly with the use of the Sine Waves (also evident on the 1W RSI, the green circle bottoms below its MA). Every time the price broke above the 1D MA50 (red trend-line) following such a Low (3 times) it approached the top of the Channel Up. The first Bullish Leg peaked at +79%, the second at +69%. If this is a progressive sequence, then the third (current) Bullish Leg could be -10% less than the last, i.e. +59%. As a result, the 1D MA50 (which applied high selling pressure this week), is the final Resistance and bullish break-out confirmation the price technically needs before it targets $240.00 (+59% rise). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMZNLong
by TradingShot
AMZN / AMAZON 🔍 AMZN Analysis: Strategic Dates for Long-Term Accumulation 📈 The AMZN chart reveals key dates that could shape your investment strategy: December 29, 2025 & August 16, 2027 - Green Lines: These dates indicate potential local lows, making them ideal for accumulating AMZN shares. Investors should consider these as prime opportunities to position themselves for the next major upward trend in the stock. By planning around these dates, you can optimize your long-term investment strategy and take advantage of potential market corrections. #AMZN #StockMarket #InvestmentStrategy #NASDAQ #SNP500 #MarketTiming #Amazon
NASDAQ:AMZN
by trushkovskiy
Jumia JMIA - The next Amazon?Not sure why Jumia has such strong technical while the fundamental are not so good. Is Jumia being given the same grace as Amazon that did not turn a profit for 13 or so years? Jumia is not turning a profit. But Jumia is like the Amazon of Africa. Do investors see the same future for Jumia? Do they see this as a bargain price for longterm investors? Not sure. The technicals have the price up 400% ytd. Price is about 500% away from all-time highs. Not sure what's next for Jumia. This is one to watch.
NYSE:JMIALong
by PortfolioBuildersClub
1
SPX 5600 BY FALL 2024 ?SP:SPX Economic Resilience: Despite various challenges, the U.S. economy has shown remarkable resilience. If this trend continues, it could support higher stock prices. Normalization of Interest Rates: The Federal Reserve’s normalization of interest rates, rather than aggressive tightening, could create a favorable environment for equities. If inflation continues to fall closer to the Fed’s 2% target, it might only require modest rate cuts. Consumer Spending Power: Consumers have maintained strong purchasing power, supported by high job security and a robust labor market. This continued consumption can drive corporate earnings higher. Big Tech Leadership: Big Tech companies have consistently delivered strong earnings and have been a significant driver of the S&P 500’s performance. Their growth prospects, particularly in areas like AI, remain strong. Earnings Growth: Analysts project solid earnings growth for the S&P 500, with estimates suggesting a significant increase in earnings per share (EPS) for 2024. Valuation Multiples: The valuation multiples for Big Tech and other sectors are seen as reasonable given their growth prospects. This supports higher price targets for the index. Historical Trends: Historical performance patterns, especially in presidential election years, suggest that the S&P 500 could see gains.
SP:SPXLong
by NYRUNSGLOBAL
UBER 80 Afrer earnings ? NYSE:UBER Uber Technologies Inc. Stock Surges to $75-$80 Range Following Strong Earnings Report Uber Technologies Inc. (NYSE: UBER) has seen a significant boost in its stock price, reaching the $75-$80 range after the release of its latest earnings report. The ride-sharing giant reported impressive financial results for Q2 2024, with total revenue hitting $10.13 billion. This marks a notable year-over-year growth of 15%, showcasing Uber’s ability to expand its market presence and drive revenue despite challenging economic conditions. The company’s strong performance was driven by increased demand for its ride-sharing and delivery services, as well as strategic investments in new technologies and markets. Uber’s net loss widened to $654 million, but the market responded positively to the revenue growth and future potential1. This optimism among investors has propelled the stock to new heights, reinforcing confidence in Uber’s long-term growth strategy. As Uber continues to innovate and expand its service offerings, the future looks bright for this industry leader. Investors and market watchers will be closely monitoring how Uber leverages its current momentum to drive further growth and shareholder value. CAFE CITY STUDIO & NY RUNS GLOBAL INC. NYC
NYSE:UBERLong
by NYRUNSGLOBAL