We assign a technical rating of 0 out of 10 to AMZD. AMZD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of AMZD is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
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9.11
When analyzing the support we notice one important area.
- Support @9.20 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 9.95 to 10.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.59 to 10.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 11.12 to 11.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.23 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for AMZD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMZD is down. |
| ChartMill Relative Strength | 17.41 | NEGATIVE | AMZD has a low relative strength, it was outperformed by 82.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMZD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AMZD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMZD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.79 | NEUTRAL | The RSI value for AMZD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests AMZD has a negative trend. |
| Stochastics (14,3) | 12.7 | OVERSOLD | The low Stochastics value suggests AMZD may be oversold. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for AMZD suggests some volalility. |
| Average Directional Index/ADX (14) | 11.65 | NEGATIVE | The low ADX value for AMZD suggests a weak or negative trend. |
9.61
-0.02 (-0.21%)
DRX DLY AMZN BEAR 1X / AMZD FAQ
What is the ChartMill technical rating of DRX DLY AMZN BEAR 1X (AMZD) stock?
ChartMill assigns a technical rating of 0 / 10 to AMZD.
What is the current trend direction of DRX DLY AMZN BEAR 1X (AMZD) stock?
The current trend direction for DRX DLY AMZN BEAR 1X (AMZD) is Bearish.
What is the RSI signal for AMZD stock?
DRX DLY AMZN BEAR 1X (AMZD) has an RSI value of 35.7933. This indicates that the stock is currently neutral.
What is the short term momentum for AMZD stock?
The short term momentum for DRX DLY AMZN BEAR 1X (AMZD) is negative.
Can you provide the support and resistance levels for DRX DLY AMZN BEAR 1X?
DRX DLY AMZN BEAR 1X (AMZD) has a support level at 9.2 and a resistance level at 9.95. Check the full technical report for our detailed analysis of AMZD support and resistance levels.