AMAZON.COM INC (AMZN) Stock Technical Analysis
USA - NASDAQ:AMZN - US0231351067 - Common Stock
231.62 USD
-2.43 (-1.04%)
232.35 USD
+0.73 (+0.32%)
Taking everything into account, AMZN scores 8 out of 10 in our technical rating. 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 is part of the Broadline Retail industry. There are 28 other stocks in this industry, of which 62% are performing better than AMZN.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, AMZN did better than 74% of all other stocks.
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 40559500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month AMZN has a been trading in the 220.50 - 238.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, AMZN also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 230.74, a Stop Loss order could be placed below this zone.
More info and screens
165.27
244.49
5 important support areas can be observed.
- A support zone ranging from 224.80 to 230.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 218.53 to 219.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 208.47 to 214.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @180.51 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 2 important areas.
- A resistance zone ranging from 232.76 to 237.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 242.06 to 242.07. 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 | NEUTRAL | NEUTRAL | The short term trend for AMZN is neutral. |
| ChartMill Relative Strength | 74.13 | POSITIVE | AMZN has a high relative strength, it outperformed 74.13% 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) | 52.82 | NEUTRAL | The RSI value for AMZN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests AMZN has a negative trend. |
| Stochastics (14,3) | 61.91 | NEUTRAL | The Stochastics value for AMZN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for AMZN suggests some volalility. |
| Average Directional Index/ADX (14) | 13.46 | NEGATIVE | The low ADX value for AMZN suggests a weak or negative 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)
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 |
|---|---|---|---|
| 237.70 | 226.28 | 11.42 (4.80%) | 20.81% |
| An entry @237.70. This is a Buy Stop order right above the resistance zone. | An exit @226.28. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 11.42 points, which is 4.80%. | For a 1.00% total portfolio risk, you can invest 20.81% 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.
231.62
-2.43 (-1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-1.04%
1 Week0.56%
2 Weeks2.49%
1 Month1.58%
3 Month10.46%
6 Month18.05%
12 Month20.89%
2 Year82.21%
3 Year104.97%
5 Year47.12%
10 Year804.96%
15 Year2849.45%
Volatility
ATR(14)5.19
ATR(20)%2.13%
ATR Inc4.07%
Range Today5.59
ADR(20)4.22
ADR(20)%1.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.13
Mansfield-0.07
10 Day High238.85
10 Day Low226.29
20 Day High238.85
20 Day Low220.5
52 Week High242.52
52 Week Low161.38
CS1 End230.74
CR1 Start232.76
Volume & EV
DER(3)1.23%
DER(5)0.18%
Volume42.82M
Volume Incr6.45%
Vol(5)38.05M
Vol(50)40.56M