Taking everything into account, AMZN scores 6 out of 10 in our technical rating. 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.
AMZN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 230.07, a Stop Loss order could be placed below this zone.
More info and screens
165.27
We found 4 important support areas.
- A support zone ranging from 224.83 to 230.07. 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 218.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @175.54 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.
- Resistance @237.68 from a horizontal line in the weekly time frame.
- Resistance @254.01 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 | NEUTRAL | NEUTRAL | The short term trend for AMZN is neutral. |
| ChartMill Relative Strength | 56.33 | NEUTRAL | AMZN is not amongst the best or worst performers 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) | 55.11 | NEUTRAL | The RSI value for AMZN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests AMZN has a positive trend. |
| Stochastics (14,3) | 81.28 | OVERBOUGHT | The high Stochastics value suggests AMZN may be overbought. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for AMZN suggests low volalility. |
| Average Directional Index/ADX (14) | 9.12 | NEGATIVE | The low ADX value for AMZN suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 237.69 | 224.82 | 12.87 (5.41%) | 18.47% |
| An entry @237.69. This is a Buy Stop order right above the resistance zone. | An exit @224.82. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 12.87 points, which is 5.41%. | When investing 18.47% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
232.38
+0.24 (+0.1%)
AMAZON.COM INC / AMZN FAQ
Can you provide the ChartMill technical rating for AMAZON.COM INC?
ChartMill assigns a technical rating of 6 / 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 55.1133. This indicates that the stock is currently neutral.
What are the support and resistance levels for AMAZON.COM INC (AMZN) stock?
AMAZON.COM INC (AMZN) has a support level at 230.07 and a resistance level at 237.68. Check the full technical report for our detailed analysis of AMZN support and resistance levels.