We assign a technical rating of 1 out of 10 to AMZD. AMZD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, AMZD is a bad performer in the overall market: 73% of all stocks are doing better.
- AMZD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- AMZD has an average volume of 3407080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month AMZD has a been trading in the 9.33 - 10.36 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of AMZD is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
9.11
2 important support areas can be observed.
- Support @9.37 from a horizontal line in the weekly time frame.
- A support zone ranging from 9.20 to 9.21. This zone is formed by a combination of multiple trend lines in the daily time frame.
6 important resistance areas can be observed.
- A resistance zone ranging from 10.07 to 10.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.31 from a horizontal line in the daily time frame.
- Resistance @10.56 from a trend line in the daily time frame.
- A resistance zone ranging from 10.74 to 10.84. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 @13.17 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 | NEUTRAL | NEUTRAL | The short term trend for AMZD is neutral. |
| ChartMill Relative Strength | 27.67 | NEGATIVE | AMZD has a low relative strength, it was outperformed by 72.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AMZD is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMZD is above the rising 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) | 53.97 | NEUTRAL | The RSI value for AMZD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests AMZD has a positive trend. |
| Stochastics (14,3) | 49.84 | NEUTRAL | The Stochastics value for AMZD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for AMZD suggests some volalility. |
| Average Directional Index/ADX (14) | 12.64 | NEGATIVE | The low ADX value for AMZD suggests a weak or negative trend. |
10.03
+0.31 (+3.19%)
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 1 / 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 53.9683. 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 neutral.
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 9.37 and a resistance level at 10.07. Check the full technical report for our detailed analysis of AMZD support and resistance levels.