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Amazon Analysis and Market PredictionHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Amazing has been under a correction wave that affected the entire stock market, the stock price dropped from 3420.58 to 2714.06 in 2022 so far. with a bigger bearish movement to be expected in this year so we can tell that prices have been falling strongly lately, it is better to avoid new long positions here. AMZN is part of the Internet & Direct Marketing Retail industry. There are 85 other stocks in this industry. AMZN outperforms 85% of them, and AMZN has an average volume of 3392180 This is a good sign as it is always nice to have a liquid stock. Both the long and short-term trends are negative. It is better to avoid buying stocks with negative trends. AMZN is currently trading in the lower part of its 52-week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52-week range. Possible market movement : AMZN is currently trading at 2792.75 with the market closing green yesterday, but we are still in the danger zone with different technical indicators giving us Bearish signs. The markets seems to be headed to the support line located at 2639.83 where we might see a bounce back up if the Bulls were able to take control over the market, but the bulls might try to do an early push as we have seen some signs of a Bullish movement, and the first target will be the resistance level located at 2966.49, and at that level, a battle will happen between the Bulls and Bears over control that will determine the direction of the market. Technical indicators show: 1) The market is below the 5 10 20 50 100 and 200 MA and EMA (Strong Bearish Sign) 2) The RSI is at 23.25 and now trading in the oversold zone which could indicate a small push in the value of the stock. 3) The ADX is at 39.26 showing a trending market, but a negative crossover is showing between DI+ (9.48) and DI- (36.93). Support & Resistance points : support Resistance 1) 2714.64 1) 2871.97 2) 2651.85 2) 2966.49 3) 2557.32 3) 3029.29 Fundamental point of view : AMZN has a Return On Assets of 6.87%. This is better than the industry average of -3.74% and the Profit Margin of 5.73% is amongst the best returns of the industry. AMZN outperforms 81% of its industry peers. The industry average Profit Margin is -4.08%. When comparing the current price to the book value of AMZN, we can conclude it is valued correctly. It is trading at 11.75 times its book value and The Earnings Per Share has grown by an impressive 49.69% over the past year. The Federal Reserve is clearly out to tame inflation and reckons a "historically tight" labor market gives it plenty of room to raise rates without hurting jobs growth, January jobs data out Friday will likely confirm that view. Economists polled by Reuters forecast the U.S. economy created 238,000 new jobs versus 199,000 in December when the employment rose less than expected due to worker shortages. Proof of a tighter jobs market and wage gains may fuel further bets on how aggressive the Fed will be, markets now anticipate roughly five quarter-point rate hikes by year-end. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
NASDAQ:AMZN
by GabiDahduh
Amazon Analysis 21.01.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
NASDAQ:AMZN
by basictradingtv
2
Amazon Analysis 05.01.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
NASDAQ:AMZN
by basictradingtv
6
Amazon Analysis 13.12.2021Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
NASDAQ:AMZN
by basictradingtv
6
$AMZN Possible 36% Gain?Will $AMZN repeat its last pump? Lets take a look.... What we know from the last pump... Clear Bullish RSI Divergence Clear longer term upwards squeezing 19 Month Consolidation How are we currently looking? Right now we have great upward squeeze happening. $AMZN has been consolidating for the past 17 months. Along with this a very common Bullish pattern has formed known as a Double Bottom. We also have strong Bullish RSI Divergence along with volume thinning out on the MACD. Having volume thin out like this over an extended period of time means a big move is coming.... A great buy signal would be once prices break ATH's and either wait for a retest of the previous trends resistance creating new support or seeing very high buying volume. I have marked out my personal TP's using the Fib Retracement tool. Trade at your own risk as this is not financial advice but educational advice. Trade safe, Trade smart, Trade patiently Feel free to let me know what you think in the comments !
NASDAQ:AMZNLong
by JamminToast
1
AMZN for a long term top ? AMZN has been in a long bullish trend since early 2010. Following the big central bank money printing in March 2020, prices have reached new ATHs but are now unable to continue since Sept 2020. The upper monthly BB is now closing down and MACD has turn red which make me think that prices may have found long term top and consolidation could be going for the next months. I've drawn something that could looks like a flag that would be forming with this consolidation. Of course this drowning is speculative since there is no points of references to confirm the trendlines and it is there just to picture a potential scenario. The consolidation signal would be given by a break of 3000$ and the blue channel in which the share has been since 2010. The selling positions would be taken on Daily/Weekly timeframe. On the other hand, if prices are breaking 3500$ and also the red resistance trendline then the trend would continue. But with a reversing MACD and closing BB the potential of an up move would be limited in my opinion unless we see another big money printing that would again propel the prices. So there is a long term idea for the ones looking to buy : Wait for a break of 3500$ and red trendline to try catching the move up. For the ones looking to sell : Wait for a break on blue channel and there will be signals to sell on Weekly/Daily.
NASDAQ:AMZN
by Heatrading
AMZN has bounced back but is possibly still not out of the woodsAmazon has bounced back with a triple bottom but is possibly still not out of the woods yet. The recent bounce has turned around at the same spot as the last drop, but the share price has a history of falling on the earnings announcement day, as shown on the chart, and as approaches earnings, it is crucial to keep an eye at resistance points below. Key resistance areas to keep an eye out for are around 3395, 3458, 3497, 3562
NASDAQ:AMZN
by Rotuma
1
AMAZON , 140% gain ahead.it's a monthly chart of AMAZON, as you see , the third wave of elliott hasn't ended yet . our target is 8300 $ , exactly on 161.80% Fibonacci. after reaching the target , we will witness a correction as the 4th elliott wave , and then the 5th wave. so in my opinion , keep your AMAZON stocks , till the target reach. it's a long-term target , will take a at least 10 months to one year to get there. aye man , if you liked the idea , hit the like. and don't forget to follow guys. any question or opinion ? comment bellow.
NASDAQ:AMZNLong
by ArminChiani
UPDATE on AMZN! It is possible to see an H&S?Hello everyone! The price is near the last low point and we can see a return from here to the next resistance. H&S if: - price go to Fibo 50 or 61.8-66 level and return - at filo level make a candle pattern, after we can go on short position (risky one) with TP in neckline - big short volumes If the price go below the low point we can look for price to hit the support of the flat trend and after a candle pattern we can go for Long position inside the trend. Enjoy it!
NASDAQ:AMZN
by BogdanUng
2
AMZN Trade Idea (updated)AMZN has been moving sideways for monthssss! MMs are just banking on premiums, and as we have seen this week it was bought up very quickly when spy was falling, but was also lagging when spy was going up. I'm still extremely bullish on AMZN . And the reason is for a stock to get that much price upgrades, news, deals, revenue, holiday season sales and still not react this means that big money is waiting for one specific thing to happen and they'll pump it to the moon! Might be stock split? BIGC buyout? who knows! But what i'm sure of is that amzn is still growing and the longer the coiling the more explosive the move is! But according to the order flow sweeps and elliot wave , AMZN will rally to 3800ish by dec/jan. What i'd recommend doing is playing multiple spreads instead of calls to avoid theta decay. Play multiple spreads with different exps where one could be for all the others and let theta be on your side. Worst case scenario: AMZN rejects 3400 Best case scenario:3800+ by mid jan
NASDAQ:AMZNLong
by OBaderr
4