As of March 18, 2025, Amazon.com Inc. (AMZN) is trading at $190.33, reflecting a decline of approximately 2.76% from the previous close.
Recent Chart Patterns:
Rising Wedge Pattern: AMZN's stock has been trading within a rising wedge pattern, which is typically considered a bearish formation. This pattern suggests potential downward momentum, especially when accompanied by a divergence in the Relative Strength Index (RSI).
Support and Resistance Levels: Key support levels to monitor are at $230, $216, and $200. These levels have been identified based on recent price movements and technical analysis.
The presence of a rising wedge pattern and the proximity to key support levels indicate potential bearish momentum for AMZN. Investors should monitor these technical patterns closely and consider them alongside broader market conditions and company-specific fundamentals when making investment decisions.
Recent Chart Patterns:
Rising Wedge Pattern: AMZN's stock has been trading within a rising wedge pattern, which is typically considered a bearish formation. This pattern suggests potential downward momentum, especially when accompanied by a divergence in the Relative Strength Index (RSI).
Support and Resistance Levels: Key support levels to monitor are at $230, $216, and $200. These levels have been identified based on recent price movements and technical analysis.
The presence of a rising wedge pattern and the proximity to key support levels indicate potential bearish momentum for AMZN. Investors should monitor these technical patterns closely and consider them alongside broader market conditions and company-specific fundamentals when making investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.