AMAZON.COM INC (AMZN) Stock Technical Analysis
USA - NASDAQ:AMZN - US0231351067 - Common Stock
We assign a technical rating of 9 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, but the quality of the setup is only medium 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
165.27
5 important support areas can be observed.
- A support zone ranging from 227.39 to 228.79. 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 218.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @208.47 from a horizontal line in the daily time frame.
- Support @183.29 from a trend line in the weekly time frame.
- Support @166.94 from a horizontal 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 | 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 | 78.69 | POSITIVE | AMZN has a high relative strength, it outperformed 78.69% off all stocks 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) | UP | POSITIVE | The current price of AMZN is above the rising 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) | 60.92 | NEUTRAL | The RSI value for AMZN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.5 | POSITIVE | The MACD value suggests AMZN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.35 | NEUTRAL | The Stochastics value for AMZN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for AMZN suggests some volalility. |
| Average Directional Index/ADX (14) | 24.85 | NEUTRAL | The ADX value for AMZN suggests a possible start of a new trend. |
244.41
+1.37 (+0.56%)
AMAZON.COM INC / AMZN FAQ
Can you provide the ChartMill technical rating for AMAZON.COM INC?
ChartMill assigns a technical rating of 9 / 10 to AMZN.
Can you provide the trend direction for AMAZON.COM INC?
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 60.9154. This indicates that the stock is currently neutral.
What is the buy/sell signal for AMAZON.COM INC (AMZN) stock?
The buy/sell signal for AMAZON.COM INC (AMZN) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for AMAZON.COM INC (AMZN) stock?
AMAZON.COM INC (AMZN) has a support level at 228.79. Check the full technical report for our detailed analysis of AMZN support and resistance levels.