Strong Growth Stock Technical Setups. Analyze technical breakout patterns in stocks which are growing strongly while having decent profitability and health.
Nasdaq / Consumer Discretionary / Broadline Retail
We assign a technical rating of 10 out of 10 to AMZN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AMZN is showing a nice and steady performance.
AMZN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 187.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 182.42, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
155.89
3 important support areas can be observed.
- A support zone ranging from 179.07 to 182.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 171.96 to 174.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @157.46 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 187.30 to 189.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 189.52 | 179.90 | 9.62 (5.08%) | 19.70% |
| An entry @189.52. This is a Buy Stop order right above the resistance zone. | An exit @179.90. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 9.62 points, which is 5.08%. | When investing 19.70% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.