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Amazon.com Inc (Extended Hours)

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AMZN trade ideas

Insiders Are Selling Shares of Large CompaniesInsiders Are Selling Shares of Large Companies Yesterday, the S&P 500 stock index (US SPX 500 mini on FXOpen) set another historical high, closing near the 5650 level. However, similar records are not observed on the charts of rally leaders from the first half of 2024 – NVDA's price is 8.6% below its historical high, MSFT is 3.1% lower, and GOOGL is 2.6% below its record. And this isn't the only cause for concern. Insider sales, as indicated by reports to the SEC, could add to anxieties. For instance: → Bezos sold over $900 million worth of AMZN shares; → Nvidia board member Mark Stevens continues to sell NVDA shares, as does company CEO Jensen Huang. According to Goldman Sachs, fund managers have increased their long positions in US stock index futures to record levels. And according to a July survey of fund managers conducted by Bank Of America: → Market sentiment remains bullish amid expectations of a Fed rate cut and a soft landing for the economy; → Geopolitics now pose the biggest risk to markets, followed by inflation. If professional market participants foresee further growth in the stock index, it might not be driven by shares of large companies. On June 27, we discussed the bullish "cup and handle" pattern near the $190 level on the AMZN price chart. Since then, bulls have shown the ability to push the price towards the psychological level of $200, but they have not managed to sustain this success. Today's technical analysis of the daily AMZN chart shows that: → The price is moving within an ascending channel (shown in blue); → After breaking above the $190 level, the price failed to reach the upper boundary of the channel – a bearish sign; → The breakout above the psychological level of $200 turned out to be false ("bull trap"). Support for bulls could come from: → The $190 level (former resistance); → The median line of the blue channel. According to TipRanks, the average price target for AMZN, forecasted by Wall Street analysts, is $222.51 (up 15.46% from current levels) in 12 months. Despite prevailing positivity in the stock market, weaker performance compared to the index and insider sales should caution regarding the future prospects of AMZN shares. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:AMZN
by FXOpen
4
Amazon - Swing idea with Volume ProfileOn Amazon , it's nice to see a strong buying reaction at the price 188. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
NASDAQ:AMZN
by Trader_Dale
1
AMAZON DECLARES WAR ON TEMU Recently, Amazon (NASDAQ:AMZN) has launched war on Chinese platforms Shein (private) and Temu (PDD Holdings Ticker: NASDAQ:PDD), both of which have been capturing significant market share in online retail sales. Amazon has announced the opening of a new online store for low-cost products shipped directly from China. Initially, this store will focus on brand-name apparel and household products priced under $20 and weighing less than 1 pound (almost half a kilo). Key Facts: App Downloads in 2023: Temu was the most downloaded e-commerce app with over 120 million downloads, surpassing Amazon. According to Google GWS, Temu had 82.4 million active users in September 2023, compared to eBay's 40 million and Walmart's 85.5 million. Amazon, however, still leads with 142 million monthly users. Impact of the "Dom Minimis" Rule: Chinese sellers take advantage of this rule that allows them to import products without paying duties or taxes if the value of the package is less than $800. This gives them a significant cost advantage. Temu Growth: Since its launch in 2022, Temu has seen a considerable increase in sellers also operating on Amazon. Currently, there is approximately 10% overlap between Temu and Amazon sellers, and this number is expected to increase. Price Comparison: Price Difference: Many products on Temu are significantly cheaper than on Amazon.For example, a fan that costs $23 on Amazon is available for only $6.95 on Temu.This is because Amazon sellers must pay referral fees, import, duty, and high FBA fees. Amazon Fees: This year, Amazon has increased its FBA fees, introducing an inventory placement fee ranging from $2 to $6 per unit, and a low inventory fee. This increases costs for Amazon sellers. Amazon's strategy: Chinese Factory Incentives: Amazon is incentivizing Chinese factories to sign up for its program, allowing them to ship directly from China, which would avoid additional costs and compete with lower prices. El Cheo Mall Section: Amazon plans to have a section specifically for these low-cost products, although they would likely appear in regular searches as well, competing directly with products from third-party sellers on Amazon. Implications: This Amazon strategy could displace many local sellers who cannot compete with the low prices of products shipped directly from China. Sellers will have to adapt, focusing on customized or high-end products that cannot be easily replicated.This is because local sellers must pay for mandatory inventory service and mandatory packaging, unlike products from China. The consumer mindset shift of price over speed has mutated due to increased inflationary pressure from consumers who previously prioritized speed over price. But finding the same product in Temu at 1 euro and the same product at 40 euros on Amazon, has resulted in a drift of Amazon to seek imitation of its Asian competitors, who seek volume over price. Amazon was already punished in India for its monopolistic practices, but China, ends up fighting monopoly with low prices, lower than anyone could assume. In reality Amazon doesn't care how they make profits, and it is likely that FBA sellers will end up adapting their strategy to MOAT products (which cannot be easily replicated) and with higher quality and branding that defines their products. It is important to monitor how this strategy will affect the market and consider diversifying sales strategies to stay competitive in this environment. Looking at the chart Amazon has been marking economic milestone after economic milestone with a new support zone being generated at this moment around $191.79 being the previous zone $174.24. We will see if it exceeds the highs of $201.20. On the other hand, the control point (POC) is located around a lower support zone around $146.54. The current RSI is oversold at 39.02% so it would not be unusual for it to look for a rise again in the coming weeks.If we look at Temu's chart, since San Juan (June 24), it has been forming a fall in price to the $142.80 zone, being the current price zone $138.00. We will have to see if it recovers the $153.40 zone and looks for the highs in the $162.00 zone with the new Amazon strategy. Ion Jauregui – ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
NASDAQ:AMZNLong
by ActivTrades
Amazon - Why is there no resistance?NASDAQ:AMZN broke out of a long term consolidation phase and is starting a massive rally. Every major consolidation is followed by a major breakout. And if the overall trend is bullish, a bullish breakout is more likely to happen. Last month Amazon finally broke above a multi year resistance level and is now heading back to the top of the rising channel formation. If we actually get a retest of the breakout level, you can then simply enter a long position. Levels to watch: $180, $380 Keep your long term vision, Philip - BasicTrading
NASDAQ:AMZNLong
by basictradingtv
6
Amazon.com (AMZN) could triple in value in the next 1-2 years.Technical Analysis of Amazon.com Inc. (ticker on Nasdaq: AMZN) Amazon (AMZN) has shown a very strong development for many years, and the stock is up by an insane 66,500% since the bottom around USD 0.30 in 2001 and until today a share price around USD 200.00. The share has therefore doubled by more than 650 times since the bottom at USD 0.30 in 2001. So if you invested USD 10,000 in Amazon at USD 0.30 in 2021, these shares would today be worth more than USD 6,500,000! Now the share may have further potential to rise by around 200 per cent more over the next 1-2 years. The Amazon share thus shows a very strong development both in the short and long term, and within an upward trend. Further strong growth is signaled for this share, which is therefore one of the world's five largest companies. The long-term trend within which the share moves signals a potential for the share up to around USD 600.00 in 1-2 years' time. This implies a potential for an increase of a solid 200 per cent for the share in the next 1-2 years. It will be 'little' compared to the 66,500% that the share is up from 2001 to 2024, but there is still considerable potential for the share in the next 1-2 years. A new strong technical buy signal has recently been triggered for Amazon stock, after it broke through a key technical resistance level around $190.00. There is now significant technical support for the stock around USD 190.00, and in case of any corrections down. Now there is little technical resistance further upwards for the Amazon share, and where the potential that is indicated is up towards the USD 600.00 level in the 1-2 year term. This is in accordance with the long-term positive trend, within which the share has moved since 2001 (cf. chart).
NASDAQ:AMZNLong
by StockCharts365
AmazonPrice is consolidating in higher time frame(one hr) and nearing trend line support at lower time frame. Resistance is seen at 200 - 202 zone. Price have to sustain above this zone to continue the up trend. Buy above 202 with the stop loss of 200.5 for the targets 203.5, 205 and 207. Sell below 198 with the stop loss of 199.5 for the targets 196.5, 195 and 193.5. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NASDAQ:AMZN
by vanathi
Amazon (AMZN) AnalysisE-commerce Leadership and Cloud Dominance: Amazon NASDAQ:AMZN , a global e-commerce leader, also dominates the cloud computing market with Amazon Web Services (AWS). AWS, crucial for future AI growth, offers high margins and robust recurring revenue through its rental model after initial infrastructure investment. AWS contributed 62% of Amazon's $15.3 billion operating profit in Q1, despite only accounting for 18% of sales. Strategic Investment and Future Growth: CEO guidance suggests increased capital expenditures to expand data centers for rising AI demand, promising strong future free cash flow and improved margins. Investment Outlook: Bullish Outlook: We are bullish on AMZN above the $168.00-$170.00 range. Upside Potential: With an upside target set at $220.00-$230.00, investors should consider Amazon's strategic investments and dominant market positions in both e-commerce and cloud computing as key drivers for potential stock appreciation. 📊🛒 Monitor Amazon for promising investment opportunities! #AMZN #CloudComputing 📈🔍
NASDAQ:AMZNLong
by Richtv_official
AMAZON - BUYAmazon perfroming well These are further reasons the trend should continue considering Ai Enhanced Customer Experience: AI powers personalized recommendations on Amazon's retail platform, driving higher sales by suggesting relevant products to users based on their browsing and purchasing history. Operational Efficiency: AI is used to optimize warehouse operations and logistics, reducing costs and improving delivery times through advanced algorithms that manage inventory and route packages more effectively. Voice Technology Growth: Amazon's Alexa, powered by AI, is a leader in voice technology, expanding into more households and becoming integral to home automation and daily tasks. Advertising Optimization: AI helps refine Amazon's advertising services by targeting ads more accurately, thereby increasing their effectiveness and revenue from advertisers. Fraud Detection and Security: AI enhances security measures and fraud detection capabilities, protecting user transactions and maintaining trust in Amazon’s platform. New Product Development: AI-driven data analysis enables Amazon to identify gaps in the market and introduce new products tailored to consumer needs. Supply Chain Innovation: AI is critical in forecasting demand and supply chain management, helping Amazon stay responsive to market changes and customer demands. Healthcare Ventures: With its entry into healthcare, Amazon uses AI to offer services like telemedicine, personalized medicine, and healthcare analytics, potentially opening up new revenue streams. Cloud Computing Services: AWS offers AI and machine learning services to its clients, enhancing their applications and fostering growth in the AI technology sector. Sustainability Initiatives: AI is instrumental in optimizing energy usage in Amazon’s data centers and logistic networks, contributing to sustainability efforts and operational savings. These AI-driven strategies are pivotal in driving Amazon's growth and maintaining its competitive edge in various sectors.
NASDAQ:AMZNLong
by NZ_Shareman
2