Amazoninc
Amazon Set to Launch Dedicated Online Store in Ireland in 2025Amazon ( NASDAQ:AMZN ) has announced its intention to launch a dedicated online store in Ireland in 2025. This move, according to the company, will provide Irish customers with a wide selection of great value products with fast delivery, while also offering opportunities for small- and medium-sized Irish businesses to reach a bigger audience at home and abroad. Amazon.ie will offer more products from Irish businesses, low, local prices, and no additional customs charges.
The new store will provide an enhanced experience for both new and existing customers by delivering a localized shopping experience to those who already shop on Amazon stores in other countries. Furthermore, the company stated that more than 1,000 Irish businesses already sell on Amazon and generated over 150 million euros (about $162 million) in export sales in 2022.
Amazon ( NASDAQ:AMZN ) currently employs 6,500 people in Ireland, including data engineers, operations management, finance, and other roles. The company has also invested more than 17 billion euros (about $18 billion) in the country since 2020 and launched its first fulfillment center in 2022. Additionally, Amazon signed a five-year agreement with An Post in 2023 that will make deliveries and returns faster and easier.
In a related announcement, Amazon ( NASDAQ:AMZN ) stated that it is heading into its 25th year of offering Amazon Marketplace, its online experience that offers goods from independent sellers, many of which are small- to medium-sized businesses (SMBs). Launched in 2000, Amazon Marketplace has enabled independent sellers to employ more than 1.8 million people in the United States and has contributed to these sellers now accounting for more than 60% of sales in Amazon's stores.
Technical Outlook
Amazon Inc. ( NASDAQ:AMZN ) stock is up 1.09% trading on its 5th wave on the Bullish Divergence pattern. Since December 2023 Amazon ( NASDAQ:AMZN ) stock has started a Bullish divergence pattern going through 6 months now. Hence, traders ought to be cautious of a Bearish Reversal looming ahead.
Amazon Grows To Over 750,000 RobotsAmazon ( NASDAQ:AMZN ), the e-commerce giant, is undergoing a profound transformation as it embraces automation at an unprecedented scale. With over 750,000 robots now working alongside its human employees, the company is reshaping the future of work in its fulfillment centers.
This surge in automation comes as Amazon ( NASDAQ:AMZN ) seeks to optimize efficiency, safety, and delivery speed for its customers. New robot models like Sequoia and Digit are revolutionizing inventory management and order processing, freeing up human workers from repetitive tasks.
However, this shift toward automation raises important questions about the future of employment. While Amazon insists that robots are meant to complement human labor, concerns about job displacement and the implications for the workforce are inevitable.
Critics argue that the rapid deployment of robots could lead to job losses, particularly in tasks that are easily automated. Research suggests that industrial robots have a significant negative impact on workers, affecting jobs and wages in the areas where they are deployed.
Yet, Amazon ( NASDAQ:AMZN ) contends that automation has led to the creation of new skilled job categories within the company. This evolution reflects a broader trend where human employees are transitioning to more complex, nonrepetitive tasks that require higher levels of skill and creativity.
Nevertheless, the integration of robotics and artificial intelligence (AI) is reshaping industries and the labor market, presenting both opportunities and challenges. As Amazon ( NASDAQ:AMZN ) navigates these changes, the broader challenge for society will be to ensure that the benefits of automation are shared equitably and that workers are prepared for the jobs of the future.
Amazon's ( NASDAQ:AMZN ) journey into automation serves as a microcosm for broader trends in the economy. As technology continues to advance, the key will be to harness its potential to improve productivity and enhance human lives while addressing the societal impacts of automation on employment and income inequality.
Technical Outlook
Amazon ( NASDAQ:AMZN ) stock is riding on the bullish train with a Relative Strength Index (RSI) of 71.99 indicating room for more growth in the near term. The stock is trading above the 200-day Moving Average.
AMAZON Buy signal with a Double Target.Amazon Inc (AMZN) is trading within a Rising Wedge pattern and last week made the new Higher Low on its bottom. At the same time it hit the 1D MA50 (blue trend-line) and technically it is staging the new bullish leg.
With the 1D MACD about to form a Bullish Cross, we get a buy signal similar to May 09. As a result we are initially targeting 156.50 (+20.25%) and 164.00 (+26.15%) in extension.
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Amazon, Inc. Since 2000 (22 Years - Worrisome To Say The Least)I got scared when I saw this chart... Maybe that is why Jeff Bezos is planning on laying off a lot of people...
Let me show you.
AMZN right now is trading right at strong/long-term support.
This critical support is the consolidation box/range from June 2018 through March 2020. This is marked light blue on the chart.
Now, we have strong bearish signals developing and as you can see when you move your eyes to the left... We have 22 years to correct.
Ok, let's start with the signals:
- We have a bearish cross between EMA10 and EMA50.
- Qstick and RSI strongly bearish.
- 4 Months closing red spells doom.
- The other stocks aren't looking good.
The 0.5 Fib. retracement level for the 20+ year bullish wave has been lost as support. That is $94.47. This is a once in a lifetime event.
The next Fib. support level is the golden ratio at $72.24... That's the main target on the monthly timeframe.
If this level breaks, 0.618 Fib., $40 enters the game.
CHANGE
Amazon (AMZN) needs to break and close above $116 monthly for some bullish air to enter the chart.
Any trading below this level and this chart analysis remains valid.
Thank you for reading.
Remember to always plan ahead; long-term.
Namaste.
Ring Brand App Neighbors of AmazonThe Ring brand of Amazon has an app named Neighbors. And this allows people to learn about crime in your area. But recently, it causes people to raise their privacy concerns.
According to Gizmodo, Amazon is currently working to tap into 911 call systems to give updates to neighborhoods. Also, it is communicating with 225 police departments around the United States, who can ask for video footage from Ring doorbell users.
The app Neighbors provides video clips from other Ring doorbells. And it also gives alerts about any crime in your area. For instance, one neighbor might share clips from its doorbell showing a package theft, a suspicious person, and even burglary. Aside from that, the News Team notices give updates regarding things such as fires, robberies, and other unusual events.
The app clearly has benefits to the police partnership. On the other hand, it also triggers the concern about Ring doorbells are helping to allow police surveillance by giving them access to cameras. For example, someone could let police review footage of a normal person, someone who is not doing anything wrong at all.
Some people might not yet hear the Neighbor app. However, anyone can download and use it, even the ones who do not have a Ring doorbell.
Neighbors Feed
Upon opening the app, it will lead you to a feed showing suspicious activities and suspected crimes. And these were basically posted by Ring doorbell owners around your area.
In addition to that, it can also show you many things in your neighborhood that you never knew about. For instance, it will show someone seeming to steal a bag of groceries from a front porch.
Then, users of Neighbors can post comments on anything in the crime feed. And this can help to make a sort of digital neighborhood watch. Contrarily, this might cause a false alarm regarding an incident that is not even a crime.
Amazon: Best time to buy for $3300.Amazon completed last month a decline of more than -30% unsettling investors. But is such a % loss in price that uncommon?
A more careful look into AMZN's price action (log scale) since 2009 and after the markets stabilized from the 2008 crisis, shows that the stock had pull backs of around -30% on another 4 occasions. Each time the stock grew by a minimum of +134.50% in the monthly candles that followed until the new -30% decline occurred. The quickest of the growth periods that followed was conducted in 14 months.
If we apply those parameters on today's price action we can assume that November's 1,420.00 was the bottom and by January 2020 (14 months) Amazon will complete a +134% rise near 3,330.
Technically the 1M technical indicators are in favor of a sustainable uptrend from now on as an RSI of 67.035 and Highs/Lows of 85.6885 are characteristics of an uptrend channel while the neutral RSI = 52.949 and Highs/Lows = 0.0000 on top of a bullish MACD = 0.950 on 1W, characteristics of a support.
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Amazon About to have a Big bounce back to $1745 and $1820In my previous analysis I talked about this drop with a short target about $1569. Right now we can see a bullish divergence on a daily time frame and a short term capitulation, which means the market will have a good bounce around + 12% bounce during this week, targets $1745 and $1820
AMAZON $1569/$1600 by next weekAmazon has a Double top pattern with bearish divergence at all time high, It did broke the neckline (1902$) and it's currently doing a retest of it, short entry values are $1869 and $1902, with stop loss at $1954 it will take 2 or 3 days, before it starts retracing sharply to its next support zone $1569/$1600 this should be Next week, will probably reach the targets between oct 17 and oct 19
Amazon.com INC, AMZN. Short Term Bounce Play!?Keep it simple!
I've labeled a soon to be buy zone area, as we approach what could be your big day! Or not!
We have some sell signals, but has been that way since the rise years ago.
We have momentum change occurring on the 4 hour, which still could see a slight sell into my bounce area.
Amazon has not seen a wall yet, so I created one for him. I know right! Its more of a mental zone for everyone.
Happy Trading, debating and SPECULATING! Follow for updates! Check out my other charts as well!
I do not hold amazon at this time, just charting.