We assign a technical rating of 7 out of 10 to AMZN. Although AMZN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- AMZN is one of the better performing stocks in the Broadline Retail industry, it outperforms 72% of 30 stocks in the same industry.
- AMZN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AMZN is lagging the market slightly.
- AMZN has an average volume of 40369800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, AMZN outperforms 63% of them, which is more or less in line with the market.
- In the last month AMZN has a been trading in the 224.41 - 248.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although AMZN has an excellent technical rating, the quality of the presented setup is not ideal 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.
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165.27
4 important support areas can be observed.
- A support zone ranging from 229.85 to 235.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 213.03 to 220.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @175.90 from a trend line in the weekly time frame.
- Support @166.94 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @247.39 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 254.00 to 254.01. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The long term trend for AMZN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMZN is up. |
| ChartMill Relative Strength | 63.91 | NEUTRAL | AMZN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMZN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AMZN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMZN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.96 | NEUTRAL | The RSI value for AMZN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests AMZN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.8 | NEUTRAL | The Stochastics value for AMZN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for AMZN suggests some volalility. |
| Average Directional Index/ADX (14) | 11.87 | NEGATIVE | The low ADX value for AMZN suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 241.23 | 229.84 | 11.39 (4.72%) | 21.17% |
| An entry @241.23. This is a Buy Stop order right above the 10 day moving average. | An exit @229.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 11.39 points, which is 4.72%. | For a 1.00% total portfolio risk, you can invest 21.17% of your capital in this trade. |
- 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.
239.12
+0.94 (+0.39%)
AMAZON.COM INC / AMZN FAQ
Can you provide the ChartMill technical rating for AMAZON.COM INC?
ChartMill assigns a technical rating of 7 / 10 to AMZN.
What is the current trend direction of AMAZON.COM INC (AMZN) stock?
The current trend direction for AMAZON.COM INC (AMZN) is Bullish.
What is the RSI signal for AMZN stock?
AMAZON.COM INC (AMZN) has an RSI value of 54.9648. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AMAZON.COM INC?
The MACD indicator for AMAZON.COM INC (AMZN) has a value of 0.220387, indicating a bearish trend.
What is the buy/sell signal for AMZN stock?
The buy/sell signal for AMAZON.COM INC (AMZN) is buy as both the short term and long term trends are positive.