AMAZON.COM INC. - 1H - Technical analysis published on 11/26/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
11%
6%
My opinion
Bullish above 200.00 USD
My targets
214.10 USD (+3.83%)
My analysis
AMAZON.COM INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 200.00 USD. The next resistance located at 214.10 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AMAZON.COM INC. price is 206.21 USD. The price registered an increase of +2.36% on the session with the lowest point at 201.79 USD and the highest point at 206.69 USD. The deviation from the price is +2.19% for the low point and -0.23% for the high point.201.79
206.69
206.21
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 this 1H chart of AMAZON.COM INC. indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 191.52 | 195.70 | 200.00 | 206.21 | 206.84 | 214.10 |
| Change (%) | -7.12% | -5.10% | -3.01% | - | +0.31% | +3.83% |
| Change | -14.69 | -10.51 | -6.21 | - | +0.63 | +7.89 |
| Level | Minor | Intermediate | Major | - | Intermediate | 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 | 196.70 | 197.85 | 199.65 | 200.80 | 202.60 | 203.75 | 205.55 |
| Camarilla | 200.64 | 200.91 | 201.18 | 201.45 | 201.72 | 201.99 | 202.26 |
| Woodie | 197.03 | 198.01 | 199.98 | 200.96 | 202.93 | 203.91 | 205.88 |
| Fibonacci | 197.85 | 198.98 | 199.67 | 200.80 | 201.93 | 202.62 | 203.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 183.93 | 189.84 | 193.48 | 199.39 | 203.03 | 208.94 | 212.58 |
| Camarilla | 194.49 | 195.37 | 196.25 | 197.12 | 198.00 | 198.87 | 199.75 |
| Woodie | 182.80 | 189.27 | 192.35 | 198.82 | 201.90 | 208.37 | 211.45 |
| Fibonacci | 189.84 | 193.49 | 195.74 | 199.39 | 203.04 | 205.29 | 208.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 163.87 | 172.06 | 179.23 | 187.42 | 194.59 | 202.78 | 209.95 |
| Camarilla | 182.18 | 183.58 | 184.99 | 186.40 | 187.81 | 189.22 | 190.62 |
| Woodie | 163.36 | 171.81 | 178.72 | 187.17 | 194.08 | 202.53 | 209.44 |
| Fibonacci | 172.06 | 177.93 | 181.55 | 187.42 | 193.29 | 196.91 | 202.78 |
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): | 68.01 | |
| MACD (12,26,9): | 0.2500 | |
| Directional Movement: | 20.02 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 200.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 196.57 | |
| Elder Ray (13): | 3.02 | |
| Super Trend (3,10): | 198.24 | |
| Zig ZAG (10): | 205.66 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 90.02 | |
| TEMA (21): | 201.73 | |
| Williams %R (14): | -6.01 | |
| Chande Momentum Oscillator (20): | 7.53 | |
| Repulse (5,40,3): | 2.4500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 3.09 |
| MA7: | 201.61 | |
| MA20: | 202.63 | |
| MA50: | 193.69 | |
| MA100: | 186.54 | |
| MAexp7: | 201.65 | |
| MAexp20: | 200.45 | |
| MAexp50: | 201.53 | |
| MAexp100: | 201.53 | |
| Price / MA7: | +2.28% | |
| Price / MA20: | +1.77% | |
| Price / MA50: | +6.46% | |
| Price / MA100: | +10.54% | |
| Price / MAexp7: | +2.26% | |
| Price / MAexp20: | +2.87% | |
| Price / MAexp50: | +2.32% | |
| Price / MAexp100: | +2.32% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on AMAZON.COM INC.. At the time of publication of this analysis, the latest news was as follows:
- Buy with Prime Expands with Launch of New Merchant SteveMadden.com
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- PeakPicks - New AI Tool That Predicts Future Sales and ROI of Any Product on Amazon Reaches 1000 Users Within a Week
-
Bezos shuts down Musk’s claim that the Amazon founder predicted Trump would lose election #shorts
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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