AMAZON.COM INC (AMZN) Stock Technical Analysis
NASDAQ:AMZN - Nasdaq - US0231351067 - Common Stock - Currency: USD
Taking everything into account, AMZN scores 7 out of 10 in our technical rating. AMZN has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
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.
In the last month AMZN has a been trading in the 197.85 - 217.85 range, which is quite wide. It is currently trading near the high of this range.
AMZN has an average volume of 51346400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that AMZN is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
AMZN is an average performer in the Broadline Retail industry, it outperforms 65% of 30 stocks in the same industry.
Although AMZN has an excellent technical rating, it does not offer a high 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
165.27
244.49
4 important support areas can be observed.
- A support zone ranging from 200.98 to 202.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @177.03 from a trend line in the weekly time frame.
- Support @170.80 from a horizontal line in the daily time frame.
- Support @166.94 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @242.07 from a horizontal line 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 | 78.43 | POSITIVE | AMZN has a high relative strength, it outperformed 78.43% 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) | 69.87 | NEUTRAL | The RSI value for AMZN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.8 | POSITIVE | The MACD value suggests AMZN has a positive trend. |
| Stochastics (14,3) | 97.53 | OVERBOUGHT | The high Stochastics value suggests AMZN may be overbought. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for AMZN suggests some volalility. |
| Average Directional Index/ADX (14) | 22.46 | NEUTRAL | The ADX value for AMZN suggests a possible start of a new 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)
217.61
+0.63 (+0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg0.29%
1 Week5.78%
2 Weeks5.63%
1 Month4.3%
3 Month9.93%
6 Month-4.33%
12 Month18.49%
2 Year66.93%
3 Year104.89%
5 Year57.76%
10 Year902.6%
15 Year3883.34%
Volatility
ATR(14)4.57
ATR(20)%2.12%
ATR Inc-7.4%
Range Today3.54
ADR(20)4.07
ADR(20)%1.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.43
Mansfield0.38
10 Day High217.85
10 Day Low201.7
20 Day High217.85
20 Day Low197.85
52 Week High242.52
52 Week Low151.61
CS1 End202.77
CR1 Start242.07
Volume & EV
DER(3)1.53%
DER(5)1.63%
Volume31.30M
Volume Incr-5.87%
Vol(5)38.23M
Vol(50)51.35M