AMAZON.COM INC (AMZN) Stock Technical Analysis
NASDAQ:AMZN - Nasdaq - US0231351067 - Common Stock - Currency: USD
Taking everything into account, AMZN scores 6 out of 10 in our technical rating. In the last year, AMZN was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month AMZN has a been trading in the 211.42 - 236.53 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
When comparing the yearly performance of all stocks, we notice that AMZN is one of the better performing stocks in the market, outperforming 79% of all stocks.
AMZN is part of the Broadline Retail industry. There are 28 other stocks in this industry. AMZN outperforms 70% of them.
AMZN has an average volume of 43233500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
AMZN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AMZN is lagging the market.
AMZN has an average technical rating and it also does not offer a high 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.
More info and screens
165.27
221.58
We found 3 important support areas.
- A support zone ranging from 211.64 to 213.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @181.85 from a trend line in the weekly time frame.
- Support @166.94 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 215.27 to 219.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for AMZN is down. |
| ChartMill Relative Strength | 79.38 | POSITIVE | AMZN has a high relative strength, it outperformed 79.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMZN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AMZN is below 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) | 39.74 | NEUTRAL | The RSI value for AMZN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.48 | NEGATIVE | The MACD value suggests AMZN has a negative trend. |
| Stochastics (14,3) | 6.14 | OVERSOLD | The low Stochastics value suggests AMZN may be oversold. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for AMZN suggests some volalility. |
| Average Directional Index/ADX (14) | 28.54 | POSITIVE | The high ADX value value for AMZN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
213.75
+2.1 (+0.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg0.99%
1 Week-7.47%
2 Weeks-6.03%
1 Month-2.56%
3 Month10.72%
6 Month-6.72%
12 Month28.04%
2 Year54.88%
3 Year68.61%
5 Year23.88%
10 Year733.51%
15 Year3324.66%
Volatility
ATR(14)5.14
ATR(20)%2.17%
ATR Inc11.12%
Range Today3.43
ADR(20)3.7
ADR(20)%1.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.38
Mansfield-0.27
10 Day High236.53
10 Day Low211.42
20 Day High236.53
20 Day Low211.42
52 Week High242.52
52 Week Low161.38
CS1 End213.74
CR1 Start215.27
Volume & EV
DER(3)-1.03%
DER(5)-1.04%
Volume51.51M
Volume Incr116.52%
Vol(5)77.80M
Vol(50)43.23M