AMZN | InformstiveNASDAQ:AMZN
Trend & Patterns: The stock appears to be in a downtrend, indicated by the series of lower highs and lower lows.
Support & Resistance:
Bearish Line: This line at approximately $124.97 is possibly acting as an immediate support. A breach below this line could see further declines.
Bullish Line: This line at approximately $125.90 might act as a resistance for the stock. A movement above this line could indicate bullish momentum.
Target Prices: Two target prices are highlighted at around $128.05 and $129.20, which might act as resistance points in case of an upward move.
Extended Support: There's another target price marked at $123.04 which could be a future support level if the stock continues its decline.
Moving Averages: The stock is trading below its moving averages, further indicating a bearish sentiment.
Volume: The volume bars seem to be increasing during down days, which can be a bearish sign. An increased volume on declining days can indicate strong selling interest.
Indicators:
Bollinger Bands: The stock price is near the lower Bollinger Band, which can sometimes indicate that the stock is oversold.
Average True Range (ATR): Without exact values, it's a bit tricky, but a rising ATR often indicates increased volatility.
Recent Price Action: The most recent candlestick appears to be a small bullish one, though it's contained within the range of the previous larger bearish candlestick. This could indicate a potential short-term reversal or consolidation, but it would be essential to watch further price action and other confirming indicators.
