AMAZON.COM INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	AMZN
ISIN:

AMAZON.COM INC. - Daily - Technical analysis published on 01/06/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

11%

61%

28%

My opinion

Bullish above 132.19 USD

My targets

147.60 USD (+1.62%)

154.07 USD (+6.08%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on AMAZON.COM INC.. As long as you are above the support located at 132.19 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 147.60 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 154.07 USD as an objective. Crossing it would then enable buyers to target 159.50 USD. If the support 132.19 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.

Force

1.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Marnicdreams. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The AMAZON.COM INC. price is 145.24 USD. The price registered an increase of +0.46% on the session with the lowest point at 144.53 USD and the highest point at 146.59 USD. The deviation from the price is +0.49% for the low point and -0.92% for the high point.

144.53

146.59

145.24

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this AMAZON.COM INC. chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Support of channel is broken

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	101.83	119.57	132.19	145.24	147.60	154.07	159.50
Change (%)	-29.89%	-17.67%	-8.99%	-	+1.62%	+6.08%	+9.82%
Change	-43.41	-25.67	-13.05	-	+2.36	+8.83	+14.26
Level	Major	Intermediate	Intermediate	-	Major	Minor	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	142.26	143.39	144.32	145.45	146.38	147.51	148.44
Camarilla	144.67	144.86	145.05	145.24	145.43	145.62	145.81
Woodie	142.15	143.34	144.21	145.40	146.27	147.46	148.33
Fibonacci	143.39	144.18	144.67	145.45	146.24	146.73	147.51

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	133.74	138.89	142.07	147.22	150.40	155.55	158.73
Camarilla	142.95	143.71	144.48	145.24	146.00	146.77	147.53
Woodie	132.75	138.40	141.08	146.73	149.41	155.06	157.74
Fibonacci	138.89	142.08	144.04	147.22	150.41	152.37	155.55

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	131.80	137.31	144.62	150.13	157.44	162.95	170.26
Camarilla	148.42	149.59	150.77	151.94	153.12	154.29	155.47
Woodie	132.71	137.76	145.53	150.58	158.35	163.40	171.17
Fibonacci	137.31	142.20	145.23	150.13	155.02	158.05	162.95

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	42.13
MACD (12,26,9):	0.8600
Directional Movement:	-11.24
AROON (14):	-64.29
DEMA (21):	150.92
Parabolic SAR (0,02-0,02-0,2):	153.97
Elder Ray (13):	-3.79
Super Trend (3,10):	154.09
Zig ZAG (10):	145.24
VORTEX (21):	0.9900
Stochastique (14,3,5):	14.65
TEMA (21):	149.22
Williams %R (14):	-89.72
Chande Momentum Oscillator (20):	-8.83
Repulse (5,40,3):	-2.3000
ROCnROLL:	-1
TRIX (15,9):	0.2100
Courbe Coppock:	0.95

MA7:	149.55
MA20:	150.07
MA50:	144.64
MA100:	138.79
MAexp7:	148.40
MAexp20:	149.10
MAexp50:	145.23
MAexp100:	139.46
Price / MA7:	-2.88%
Price / MA20:	-3.22%
Price / MA50:	+0.41%
Price / MA100:	+4.65%
Price / MAexp7:	-2.13%
Price / MAexp20:	-2.59%
Price / MAexp50:	+0.01%
Price / MAexp100:	+4.14%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on AMAZON.COM INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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