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AMAZON: Testing COVID Crash Lows... What next?Here we are looking at AMZN on the daily TF. As marked on the charts, we are currently testing the lows made during the COVID crash back in 2020. While we can’t rule out a breakdown through this current support (bottom green line), we are expecting a technical bounce in the short term off this level. If AMZN does bounce, we will look for it to move towards resistance (top green line), which has acted as strong resistance in the past (2019-2020). What do you think will happen? Let me know in the comments! Cheers!
NASDAQ:AMZNLong
by GarethSolowayOfficial
11
Amazon | Fundamental AnalysisAmazon is crawling into 2023, and it definitely, like many others, can't wait to turn over a new chapter. The tech titan is on the way to one of the slowest growth rates in its history. In the first three quarters of this year, the company lost nearly $8 billion in its e-commerce-focused businesses and announced the first major layoffs in the company's history, including 10,000 corporate personnel. Among the units targeted is Alexa, as Amazon is reportedly losing $10 billion a year on this voice-activation technology. In other words, Amazon is in a strange defensive position after years of capturing market share in industries as diverse as e-commerce, books, cloud computing, streaming video, and digital advertising. The good news for investors is that these unfavorable factors are probably already factored into the stock price. Amazon stock is down 50% from its peak last year, creating a potential buying opportunity. Despite the uncertain macroeconomic environment in 2023, there are some grounds to anticipate Amazon's performance to improve. For starters, it will be much easier for the company to match its performance in 2023. For the first three quarters of this year, revenue grew only 9.7%, and that growth is expected to slow in Q4 when the company forecasts growth of only 2%-8%. The strengthening dollar has also impacted results this year, but these negative factors should ease next year as the dollar begins to cool after peaking in September. In addition, the tech titan is likely to see some margin improvement. CEO Andy Jassy is concentrated on reducing or eliminating inefficient projects. In addition to cutting losses at Alexa, Amazon is also closing such ventures as Amazon Care, a telemedicine and personal health care pilot program, Scout, a home delivery robot, and Fabric.com, an e-commerce site for sewing supplies. The company has also closed or withdrawn projects to build dozens of warehouses, a sign that it overestimated its e-commerce growth trajectory during the pandemic. Amazon has a number of highly profitable businesses, including Amazon Web Services (AWS), advertising, and its third-party marketplace, which allows the company to receive commissions and fulfillment fees from the thousands of sellers who trade on its site. Nevertheless, the company's financial performance indicates that it still has a lot of unsustainable spending. For example, Amazon loses money in its international segment almost every year, suggesting that the company may be overextended in emerging and small markets overseas. Similarly, there is a strong argument that the company is spending too much on Prime Video. This year, the company will devote more than $15 billion to streaming -- more than even Netflix -- and Amazon isn't even monetizing that spending directly, using it to boost Prime's enrollment. Given the company's countless experiments, there are probably plenty of other unfruitful projects in need of cuts. Looking at the company's cost-cutting and the strength of its high-margin businesses such as AWS, advertising, and marketplace, it's clear that Amazon could be much more profitable than it is today. Jassy seems to realize the need to improve profitability as it will become increasingly difficult to maintain high revenue growth, given that total revenue is expected to exceed $500 billion this year. With the stock down 50% and a market capitalization of less than $1 trillion, the stock looks cheap. AWS alone will have $23 billion in operating income this year, which means Amazon stock is valued at about 40 times that amount. The rebound in business next year will be dependent on macroeconomic conditions, but at the current stock price, the worst already seems to be priced in. Owning Amazon stock in 2023 could give you an easy doubling over the next year or two, and your losses will likely be limited unless the country enters a deep recession.
NASDAQ:AMZN
by FOREXN1
20
AMZN Potential for Bearish Continuation | 20th December 2022Looking at the H4 chart, my overall bias for AMZN is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 85.88, where the previous low is. Stop loss will be at 103.78, where the recent high is. Take profit will be at 69.43, where the -27.2% Fibonacci expansion line is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NASDAQ:AMZNShort
by Rockqet
buy Amazon during the RecessionI kept knowing people are needing to know where to buy in 2023 during a recession. 85$ support are really strong I expect to start the bull run here. Love to start buy Amazon for 1000$ fully guaranteed you will profit big in 6 figures. Buy their and you’ll be fine because now everything will be pretty tough to keep things stable. Because during a recession Amazon wanted to keep much employees as possible to keep amazon service alive and challenging the recession in 2023.. to help the customers orders and needs.. as Jeff bezos amid layoffs are going around but want to keep much employees as possible meanwhile for the very first time amazon at UK going on Strike because of less pay of 15 euros.. if the bulls can’t take it from here then we will accept to see further downside. Buy carefully if bottomed strong in then 1000$ .. if not then just go with just 100$ Buy safe and good luck.
NASDAQ:AMZN
by JoyBoyVegae
AMZN Amazon Technical ReboundIf you haven`t sold Amazon`s slowest growth since 2001, with EPS far below analyst predictions: Then you should know that a technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold. In this case, the Relative Strength Index momentum indicator of AMZN is close to oversold level. Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal. The chart is self-explanatory. Looking forward to read your opinion about it.
NASDAQ:AMZN
by TopgOptions
1
Amazon (AMZN) Continues the Bearish Elliott Wave Sequence LowerShort term Elliott wave View in Amazon (ticker; AMZN) suggests the decline from 12.1.2022 peak is in progress as a 5 waves impulse. Down from 12.1.2022 peak, wave ((i)) ended at 94.92 and wave ((ii)) rally ended at 96.45. Stock resumed lower in wave ((iii)) towards 87.90 and wave ((iv)) correction ended at 88.88. Final leg wave ((v)) ended at 87.45 which completed wave 1 as the 45 minutes chart below shows. From there, wave 2 corrective rally ended at 96.26. Internal subdivision of wave 2 took the form of a zigzag Elliott Wave structure. Up from wave 1, wave ((a)) ended at 91.39, wave ((b)) ended at 87.87, and wave ((c)) ended at 96.26. Stock resumed lower in wave 3 with internal subdivision as an impulse. Down from wave 2, wave (i) ended at 90.52, and rally in wave (ii) ended at 93.46. Stock then extended lower in wave (iii) and should complete with a few more lows. The stock should then bounce in wave (iv) before another leg lower in wave (v) to complete wave ((i)) of 3. Near term, as far as pivot at 96.26 high stays intact, expect rally to find sellers in 3, 7, or 11 swing for further downside.
NASDAQ:AMZN
by Elliottwave-Forecast
2
Make or Break Elliot Wave Count: The capitulationUpdate on my previous idea. It's still make or break for the bear market right now. Personally, I don't see us breaking out of the downtrend. But a fake-out was always possible, and this seems to be what we got following softer than expected inflation data. Note that this technical analysis is a small part of the bearish case. The wider macro-economic environment bear case speaks for itself. And in my opinion, nothing has changed. The fed remains hawkish and monetary policy remains contractionary. Recession indicators have clearly rung their alarm bells. I also don't think the 'fed pivot' is the ticket out of here - history shows that more downside follows in the stock market even after the fed pivots - this is because the effects of their policy decisions don't change overnight. Economies take time to respond. To conclude, I think there is still downside in the SPX, as shown in the chart. But, if we break out of the downtrend line with conviction, I would reassess. But I do think we are still to see the full effects of contractionary monetary policy in earnings and employment figures. But we shall wait and see. I'm long volatility via VIX Call options and CFDs. What do you guys think? *not financial advice.
SP:SPXShort
by Doge_Dean
4
'AMZN' what happened now? Hello friends ! Today we will see AMZN So far we have protests, epidemics, interest rates and other things that are telling us not to invest anywhere. I agree with everything!! let's get some trades though and leave the future to the wizards the stock seems to want to climb up again, although will meet some resistance at first because of the holidays .. I think we will have a rise and then it will fall again. Let's see! This will be a Christmas present.. If you liked this idea or if you have your own opinion about it, write in the comments. Thanks for reading!
NASDAQ:AMZNLong
by GP101
4
AMZN 20 Years Long Uptrend - Targets 68/72, Then LowerAMZN Enjoyed a massive bull market for more than 20 years until April 2022 when this massive uptrend failed. The uptrend ended and the bear market has been fully confirmed. Now, how much lower can it go? Mid-term (1-3 months) we are seeing the 72-68 range as the next and main support target. By June/July next year (2023), it can go as low as 41, depending on how things develop of course. The last mayor correction lasted about 1.8 years from top to bottom. This would put the next bottom at around mid 2023. Namaste.
NASDAQ:AMZNShort
by MasterAnanda
AMZN Can it reverse and go LONGOm a monthly chart from Amazon's beginning to the present. Amazon was in a sustained uptrend peaking in the summer of 2021. Since then it has retraced down to the Fib 0.5 level. Price was more than two standard deviations above the long term anchored VWAP and is now downtrending into a value area. The volume profile shows three high volume nodes and price is currently in the middle node, Finally, the volatility on the RSI indicator has decreased as had the strength itself. AMZN is likely setting up for a reversal. Now, is a good time to buy stock or a long term call option. This is a long idea for investors not traders.
NASDAQ:AMZNLong
by AwesomeAvani