Amazon AnalysisAmazon has taken liquidity to the upside, we at Capital Wisdom see a necessary pullback to lower levels.
In our indicators NASDAQ:AMZN is HOLD , we have a big liquidity at $161.21, we have big selling pressure from the insiders, more than $ 8B in selling.
Overall
Company has healthy profit margins, considering the average of the sector
Company has healthy debt considering revenue and cash at disposal
If we get a big market correction because of interest rates we could visit $ 120 levels.
We see that as the most probable scenario.
But if the markets continues to the upside, we see as a possible target the range of $230.
If you want more information you can check our website for free.
AMZN trade ideas
75: Will Amazon Climb Higher After Bezos' Selling?In a recent move, Jeff Bezos, the CEO of Amazon, has sold $2 billion worth of Amazon stock, raising questions about the company's future trajectory. Bezos sold 12 million shares this week, marking his first sale since 2021. Additionally, Amazon revealed that Bezos plans to sell up to 50 million shares over the next 12 months.
This significant sale by Bezos, coupled with his plans for future divestment, raises speculation about Amazon's stock performance. Despite the sale, Amazon's stock has been on an upward trend, closing at its highest level in over two years.
Investors are left wondering whether Bezos' selling spree will impact Amazon's stock positively or negatively. With Amazon's stock closing at $174, the potential sale of 50 million shares could lead to Bezos reclaiming his title as the world's richest person.
Given Bezos' history of selling shares and the ongoing bullish trend in big tech stocks, there's uncertainty about Amazon's future direction. Traders will closely monitor Amazon's stock performance in the coming months to assess whether it will continue climbing higher or face downward pressure following Bezos' divestment.
Amazon (AMZN) Reaching Inflection AreaShort term Elliott Wave view in Amazon (AMZN) suggests the rally from 10.26.2023 low is unfolding as a 5 waves impulse. Up from 10.26.2023 low, wave (1) ended at 155.63 and pullback in wave (2) ended at 144.05. The stock extended higher in wave (3) which is proposed complete at 189.99 as the 1 hour chart below shows. Wave (4) pullback is currently in progress as a zigzag structure. Once wave (4) is complete, expect the stock to extend higher in wave (5).
Down from wave (3), wave A ended at 185 and rally in wave B ended at 188.69. Wave C lower is expected to complete at the blue box area of 180.59 – 183.68. This can also end wave (4) in higher degree. The stock should then either extend to new high in wave (5) or else at least rally in 3 waves. Please note however that the 23.6 – 38.2% retracement of wave (3) is still lower at 172.2 – 179. Thus, if the pullback is really in wave (4), there’s a chance that the pullback may become a larger double correction or a larger zigzag structure in 3, 7, 11 swing before ending wave (4) and turning higher.
📉 Amazon Peaking?We have a bearish harmonic pattern on the Amazon chart. The pattern calls for a drop.
➖AMZN hit a new All-Time High recently but the week ended up closing red.
➖Seeing the long-term drop in trading volume and related markets, we can predict that soon this bullish sentiment that has been going for months will change.
➖It can happen that the pattern is not yet complete and we see additional growth before the crash. Seeing the bad geopolitical news we have, the crash might start right away, maybe even on Monday. Both scenarios are easy to visualize.
Now or then,
In ten weeks or just one day,
It doesn't matter how long it takes,
A correction is underway.
Namaste.
🌟📈 AMZN: Amazon on Olympus's Peak!Traders, brace yourselves for an epic showdown with Amazon! 🌟📈
🔍 Critical Juncture:
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Amazon(AMZN)Hello friends
In the Amazon share, we see a 5-wave uptrend, all of which have been completed.
There is a static resistance in the range of $188, and considering the divergence between waves 3 and 5, we can expect the price to drop.
Therefore, with the start of a downward trend and the loss limit of 190 dollars, you can enter the sale transaction.
The profit limit can also be considered as 140 dollars.
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Be successful and profitable.
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.
The Fall of AMZNAMZN has negative divergence. The pattern is a rising wedge but the RSI has been sloping downward. With earnings near, this play could defy gravity. I’m viewing this set up as merely a squeeze. I’m going to wait until earnings, influences the direction and then ride pony in that direction.
We are in Amazon wave 1 and 2 weekly outlookDear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it.
I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision.
I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily.
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In-Depth Technical Analysis: Amazon.com, Inc. (NASDAQ: AMZN)As of the most recent trading session, Amazon.com, Inc. (NASDAQ: AMZN) presents a compelling case for both bulls and bears, when dissecting the tapestry of technical indicators and chart patterns that have emerged.
Price Action and Candlestick Analysis:
Amazon's stock has recently formed a series of bullish candles, demonstrating resilience as it hovers above the critical support level at the 50-day moving average. The latest session closed with a slight bearish undertone, reflected in the small red candle. However, the proximity to the upper echelons of the Bollinger Bands signals continued strength, albeit with a caveat of potential short-term volatility or consolidation.
Fibonacci Extensions and Retracements:
The price is trading above the crucial 0.236 Fibonacci retracement level at $177.87, reinforcing the uptrend since the swing low at $171. The current price has tested the 0.786 Fibonacci extension level at $182.79, teasing the possibility of a push towards the 1.0 extension in the near term, should the bullish momentum persist.
Technical Indicators Overview:
RSI (Relative Strength Index): The RSI is hovering around 62, suggesting a healthy bullish momentum without immediate signs of overbought conditions. Traders should remain vigilant for any movement approaching the 70 threshold, which could imply an impending retracement.
MACD (Moving Average Convergence Divergence): The MACD line remains above the signal line, albeit the histogram depicts a modest decline in momentum. This is indicative of a potential consolidation phase before any significant price movement.
OBV (On-Balance Volume): The OBV maintains a steady uptrend, reflecting sustained buying pressure and positive volume-weighted price action.
Market Sentiment and News:
With earnings on the horizon in 16 days, sentiment appears cautiously optimistic. Amazon’s innovative strides in cloud computing and retail, coupled with market capitalization stability, play a vital role in influencing investor sentiment.
Volume Analysis:
A notable divergence exists between the recent trading volume and the 30-day average, signaling a potential cooling period or accumulation phase among investors.
Speculative Price Targets:
Should the bulls maintain control, an approach towards the 1.0 Fibonacci extension level is plausible, placing the immediate price target at approximately $187. However, the next earnings report could serve as a critical catalyst, potentially propelling the price towards the $190 mark, contingent on favorable corporate disclosures.
Conversely, any negative developments or market shifts could see AMZN retracing towards the support near the 50-day moving average, with $176 serving as an initial floor.
In conclusion, AMZN presents a bullish technical posture with vigilant eyes set on forthcoming earnings. The convergence of technical indicators suggests a continued uptrend, yet traders should brace for potential volatility spikes as market participants position themselves pre-earnings. The adept trader will monitor both the technicals and the forthcoming earnings report to make an informed decision on the direction of this market behemoth.
AMAZON: Bullish continuation to 210.Amazon is bullish on its 1D timeframe (RSI = 67.557, MACD = 2.990, ADX = 31.700) as it is unfolding a very stable uptrend supported by the 1D MA50. This is the second bullish wave of the Channel Up, that is the dominant long term pattern. The 1D MACD suggests that we are entering the final phase of this wave that is aiming for a HH at +78.73% from the HL. We are bullish (TP = 210.00).
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AMZN Short: Expects Ending DiagonalThis analysis is based on the expectation that AMZN's last wave is an ending diagonal.
This analysis will not invalidated if price moved above 187.24 because currently wave 3 is the shorter than wave 1 and thus wave 5 cannot be longer than wave 3 (see green Fibonacci).
AMZN Head&Shoulder Breakup Ready to GOoooo....AMZN is breaking up for a +82% potential gain.
A clear Head and Shoulder (H&S) figure, seen on a weekly chart, shows a possible move from 146$ to 266$.
It should be good to wait to a bit to make sure that the breakup is better engaged. And, that is not case right now.
So, for now, we need just to place one alarm over this situation at 152.00 and another one lower at 137.00, just at the coincidence of the moving averages of 18-21-200 week periods. So, waiting the triggering of one of these alarms would be prudent, before taking action to go Long.
Have good trading time,
WynTrader
AMZNAmazon continues its upward trend. At the resistance level of 162.5, if the price cannot break above 162.5, we may see the price retest the strong support zone 145-149 and if the price can hold above 145, expect further growth opportunities.
>>Thank you and GooD Luck 😊
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Amazon is overbought as price heads into overhead resistanceAmazon weekly chart analysis indicates an overbought condition at significant resistance.
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