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 08/23/2024 (GMT)

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

33%

My opinion

Bearish under 186.37 USD

My targets

169.16 USD (-3.95%)

161.05 USD (-8.56%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 186.37 USD remains possible. It is advisable to trade AMAZON.COM INC. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 186.37 USD. The next bearish objective for sellers is set at 169.16 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 161.05 USD. In case of crossing, the next objective would be the support located at 154.07 USD. PS: if there is a bullish break in the resistance located at 186.37 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.8

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The AMAZON.COM INC. rating is 176.12 USD. The price is lower by -0.01% since the last closing with the lowest point at 175.24 USD and the highest point at 178.97 USD. The deviation from the price is +0.50% for the low point and -1.59% for the high point.

175.24

178.97

176.12

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of AMAZON.COM INC. in Daily shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	161.05	169.16	173.88	176.12	186.37	200.00
Change (%)	-8.56%	-3.95%	-1.27%	-	+5.82%	+13.56%
Change	-15.07	-6.96	-2.24	-	+10.25	+23.88
Level	Major	Major	Intermediate	-	Major	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	168.26	171.97	174.05	177.76	179.84	183.55	185.63
Camarilla	174.54	175.07	175.60	176.13	176.66	177.19	177.72
Woodie	167.45	171.56	173.24	177.35	179.03	183.14	184.82
Fibonacci	171.97	174.18	175.55	177.76	179.97	181.34	183.55

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	157.10	161.61	169.33	173.84	181.56	186.07	193.79
Camarilla	173.70	174.82	175.94	177.06	178.18	179.30	180.42
Woodie	158.72	162.41	170.95	174.64	183.18	186.87	195.41
Fibonacci	161.61	166.28	169.17	173.84	178.51	181.40	186.07

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	151.05	163.93	175.45	188.33	199.85	212.73	224.25
Camarilla	180.27	182.51	184.74	186.98	189.22	191.45	193.69
Woodie	150.38	163.59	174.78	187.99	199.18	212.39	223.58
Fibonacci	163.93	173.25	179.01	188.33	197.65	203.41	212.73

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	48.40
MACD (12,26,9):	-1.5600
Directional Movement:	-3.80
AROON (14):	85.71
DEMA (21):	173.28
Parabolic SAR (0,02-0,02-0,2):	154.53
Elder Ray (13):	1.58
Super Trend (3,10):	181.64
Zig ZAG (10):	176.21
VORTEX (21):	0.9800
Stochastique (14,3,5):	82.06
TEMA (21):	174.32
Williams %R (14):	-26.21
Chande Momentum Oscillator (20):	13.38
Repulse (5,40,3):	-3.2400
ROCnROLL:	-1
TRIX (15,9):	-0.2800
Courbe Coppock:	4.96

MA7:	177.72
MA20:	173.68
MA50:	183.50
MA100:	183.21
MAexp7:	176.28
MAexp20:	176.16
MAexp50:	179.78
MAexp100:	179.09
Price / MA7:	-0.90%
Price / MA20:	+1.40%
Price / MA50:	-4.02%
Price / MA100:	-3.87%
Price / MAexp7:	-0.10%
Price / MAexp20:	-0.03%
Price / MAexp50:	-2.04%
Price / MAexp100:	-1.66%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on AMAZON.COM INC. at the time of the generation of this analysis was as follows:

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

About author

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