Overall AMZN gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AMZN is only an average performer.
Although AMZN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
165.27
We found 4 important support areas.
We found 1 important resistance area.
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 | 70.17 | POSITIVE | AMZN has a high relative strength, it outperformed 70.17% 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) | 69.2 | NEUTRAL | The RSI value for AMZN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.06 | POSITIVE | The MACD value suggests AMZN has a positive trend. |
| Stochastics (14,3) | 94.01 | OVERBOUGHT | The high Stochastics value suggests AMZN may be overbought. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for AMZN suggests low volalility. |
| Average Directional Index/ADX (14) | 13.07 | NEGATIVE | The low ADX value for AMZN suggests a weak or negative trend. |
247.38
+1.09 (+0.44%)
ChartMill assigns a technical rating of 8 / 10 to AMZN.
The current trend direction for AMAZON.COM INC (AMZN) is Bullish.
AMAZON.COM INC (AMZN) has an RSI value of 69.1975. This indicates that the stock is currently neutral.
The MACD indicator for AMAZON.COM INC (AMZN) has a value of 2.0646, indicating a bullish trend.
The buy/sell signal for AMAZON.COM INC (AMZN) is buy as both the short term and long term trends are positive.